§ 31.193 - Persons returning liquors for credit, refund, or exchange.

No retail dealer in liquors or beer, or other person, shall be deemed to be a wholesale dealer in liquors or a wholesale dealer in beer, as defined in this part, by reason of his bona fide return of distilled spirits, wines, or beer, as the case may be, to the dealer from whom purchased (or to the successor of such vendor's business or line of merchandise) for credit, refund, or exchange, and the giving of such credit, refund or exchange shall not be deemed to be a purchase within the meaning of 26 U.S.C. 5117 of § 31.211 of this part. Except in the case of wholesale dealers in liquors required to keep records of their transactions under §§ 31.225 and 31.226, or retail dealers required to keep records under § 31.234, persons returning liquors as provided herein are not required to keep records or submit reports of such transactions.