Proprietors of bonded wine cellars and
Purpose. The purpose of this circular is to inform you that Form 703,
Transfer of Wine in Bond, is being revised to provide that identifying numbers
of tank cars be entered on such forms.
Background. When wine is transferred in bond in tank cars, the consignor,
under the provisions of 26 CFR 240.613, prepares Form 703 to report such
transfer and enters the serial number of the shipment, as required by 26 CFR
240.562, in the column headed "Serial Nos." It was intended that the consignor
also enter, in the column headed "Number of Cases, Packages, or Tanks", the
number of the tank car (i.e., GATX-1234, NATX-5678). Many consignors are
entering the tank car number on Form 703 while other consignors are not. Such
information is considered necessary, particularly where it is desired to trace
tank car shipments or where such shipments are to be reconsigned while in
Method of Resorting Tank Car Numbers on Form 703. Until the revised
Form 703, containing footnote instructions to enter tank car numbers in the
column headed "Number of Cases, Packages, or Tanks", is available, proprietors of bonded wine cellars transferring wine in bond, in tank cars, should enter
the tank car number in such column on Form 703.
Inquiries. Inquiries regarding this industry circular should refer to its
number and be addressed to the office of your assistant regional commissioner
(alcohol and tobacco tax).
Dwight E. Avis
Director, Alcohol and Tobacco Tax Division
IRS D. C. 37387