news2022-03-10

TTB and Consignment Sales – Is There a Disconnect Between Policy Development and Business Reality?

Last Friday, the Alcohol and Tobacco Tax and Trade Bureau (TTB), U.S. Treasury Department, introduced more confusion in its five years of aggressive unfair trade practice enforcement around the country. TTB issued Industry Circular 2022-1, Payment Terms Under Consignment Sales Provision, under the guise of providing guidance and clarification. The press release glowingly described the industry circular “As part of our continuing effort to ensure a level playing field and provide clarity to the alcohol beverage industry, TTB has…provide(d) additional guidance regarding payment terms under the consignment sales provisions.”

by Robert M. Tobiassen · source ↗

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