Annual Gross Volume of Sales | Midpage

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Code of Federal Regulations

ECFRd1a89737d43c293

Annual Gross Volume of Sales

794.119Dependence of exemption on sales volume of the enterprise.794.120Meaning of “annual gross volume of sales.”794.121Exclusion of excise taxes.794.122Ascertainment of “annual” gross sales volume.794.123Method of computing annual volume of sales.794.124Computations on a fiscal year basis.794.125Grace period of 1 month for compliance.794.126Computations for a new business.