Page:United States Statutes at Large Volume 68A.djvu/594

 554

INTERNAL REVENUE CODE OF 1954

cancellation, and destruction of stamps relating to tobacco and snuff, as far as applicable, shall apply to stamps provided for by paragraph (1) of subsection (a). SEC. 4713. MANUFACTURERS. (a) DEFINITION.—Every person who prepares opium suitable for smoking purposes from crude gum opium, or from any preparation thereof, or from the residue of smoked or partially smoked opium, commonly known as yen shee, or from any mixture of the above, or any of them, shall be regarded as a manufacturer of smoking opium within the meaning of this subpart. (b) BOND.—Every manufacturer of opium suitable for smoking purposes shall file with the official in charge of the internal revenue district in which his manufactory is located such bonds as the Secretary or his delegate may by regulation require. The bond required of such manufacturer shall be in a penal sum of not less than $100,000; and the sum of said bond may be increased from time to time and additional sureties required, at the discretion of the Secretary or his delegate. No person shall engage in such manufacture who has not given the bond required by the Secretary or his delegate. (c) CITIZENSHIP.—No person shall engage in the manufacture of opium suitable for smoking purposes who is not a citizen of the United States. (d) SIGNS AND FACTORY NUMBER.—Every manufacturer of opium suitable for smoking purposes shall put up such signs and affix such number to his factory as the Secretary or his delegate may by regulation require. SEC. 4714. FORFEITURE. All opium prepared for smoking, whenever found within the United States without the stamps required by this subpart, shall be forfeited and destroyed. _.,..,, SEC. 4715. CROSS REFERENCES. For penalties and other general and administrative provisions applicable to this subpart, see sections 4731 to 4736, inclusive; sections 4771 to 4776, inclusive; and subtitle F.

Subpart C—Occupational Tax Sec. Sec. Sec. Sec.

4721. 4722. 4723. 4724.

Imposition of tax. .. Registration. i. •. • • Possession by person not registered. Unlawful acts in case of failure to register and pay

Sec. 4725. Other laws applicable. Sec. 4726. Cross references.

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SEC. 4721. IMPOSITION OF TAX.

On or before July 1 of each year every person who imports, manufactures, produces, compounds, sells, deals in, dispenses, or gives away narcotic drugs shall pay the special taxes hereinafter provided. Every person upon first engaging in any of such activities shall immediately pay the proportionate part of the tax for the period ending on the following June 30. (1) IMPORTERS,

MANUFACTURERS,

OR PRODUCERS.—Importers,

manufacturers, producers, or compounders, lawfully entitled to im§ 4712(b)

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