New Jersey Administrative Code
Title 18 - TREASURY - TAXATION
Chapter 3 - ALCOHOLIC BEVERAGE TAX ACT- STATE LICENSEES
Subchapter 13 - SPECIAL RULES FOR PLENARY RETAIL TRANSIT LICENSEES TO WHOM THE TAX HAS BEEN PASSED
Section 18:3-13.16 - Physical inventories
Universal Citation: NJ Admin Code 18:3-13.16
Current through Register Vol. 56, No. 18, September 16, 2024
(a) Physical inventories are to be taken on the last day of each reporting period even though a perpetual inventory record is maintained. All tally sheets and recapitulations are to be preserved as part of the permanent records. Such inventory records are to state:
1. The date when taken;
2. The name of the person or persons who took such
inventory;
3. The size of
containers;
4. The number of containers
per package;
5. The number of cases,
barrels or other units of each size package; and
6. The number of wine gallons or decimal parts
thereof contained in each item.
(b) Physical inventories are to include all the alcoholic beverages on the licensed premises or stored in Federal-tax-paid section of New Jersey licensed public warehouses.
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