Transitional rule.

§ 40.61a Transitional rule. Any person who: (a) On August 5, 1997, was engaged in business as a manufacturer of roll-your-own tobacco, and (b) Before January 1, 2000, submits an application, as provided in this part, to engage in such business, may, continue to engage in such business pending final action on such application. Pending such final action, all provisions of chapter 52 of the Internal Revenue Code of 1986 shall apply to such applicant in the same manner and to the same extent as if such applicant were a holder of a permit to manufacture roll-your-own tobacco under such chapter 52. [T.D. ATF–424, 64 FR 71931, Dec. 22, 1999]