26 USC § 5721 - Inventories

---
identifier: "/us/usc/t26/s5721"
source: "usc"
legal_status: "official_prima_facie"
title: "26 USC § 5721 - Inventories"
title_number: 26
title_name: "INTERNAL REVENUE CODE"
section_number: "5721"
section_name: "Inventories"
chapter_number: 52
chapter_name: "TOBACCO PRODUCTS AND CIGARETTE PAPERS AND TUBES"
subchapter_number: "C"
subchapter_name: "Operations by Manufacturers and Importers of Tobacco Products and Cigarette Papers and Tubes and Export Warehouse Proprietors"
positive_law: false
currency: "119-84"
last_updated: "2026-04-17"
format_version: "1.1.0"
generator: "[email protected]"
source_credit: "(Aug. 16, 1954, ch. 736, 68A Stat. 713; Pub. L. 85–859, title II, § 202, Sept. 2, 1958, 72 Stat. 1422; Pub. L. 94–455, title XIX, § 1906(b)(13)(A), Oct. 4, 1976, 90 Stat. 1834; Pub. L. 105–33, title IX, § 9302(h)(2)(A), Aug. 5, 1997, 111 Stat. 674; Pub. L. 111–3, title VII, § 702(a)(2)(A), Feb. 4, 2009, 123 Stat. 108.)"
---


# § 5721. Inventories

Every manufacturer or importer of tobacco products, processed tobacco, or cigarette papers and tubes, and every export warehouse proprietor, shall make a true and accurate inventory at the time of commencing business, at the time of concluding business, and at such other times, in such manner and form, and to include such items, as the Secretary shall by regulation prescribe. Such inventories shall be subject to verification by any internal revenue officer.

---

**Source Credit**: (Aug. 16, 1954, ch. 736, 68A Stat. 713; Pub. L. 85–859, title II, § 202, Sept. 2, 1958, 72 Stat. 1422; Pub. L. 94–455, title XIX, § 1906(b)(13)(A), Oct. 4, 1976, 90 Stat. 1834; Pub. L. 105–33, title IX, § 9302(h)(2)(A), Aug. 5, 1997, 111 Stat. 674; Pub. L. 111–3, title VII, § 702(a)(2)(A), Feb. 4, 2009, 123 Stat. 108.)

## Editorial Notes

### Amendments

2009— inserted “, processed tobacco,” after “tobacco products”.

1997— inserted “or importer” after “manufacturer”.

1976— struck out “or his delegate” after “Secretary”.

1958— substituted “manufacturer of tobacco products or cigarette papers and tubes” for “manufacturer of articles” and “internal revenue officer” for “revenue officer”, and inserted provisions to include export warehouse proprietors.

## Statutory Notes and Related Subsidiaries

### Effective Date of 2009 Amendment

Amendment by  effective , see , set out as a note under .

### Effective Date of 1997 Amendment

Amendment by  applicable to articles removed, as defined in , after , with transition rule, see , set out as a note under .

### Effective Date of 1958 Amendment

Amendment by  effective , see , set out as an Effective Date note under .