S.C. Code Regs. § § 13-1102

Current through Register Vol. 48, No. 11, November 22, 2024

Section 13-1102 - Quarterly Certifications and Escrow Deposits

A. As authorized by South Carolina Code Section 11-48-50 and in order to promote compliance with South Carolina Code Section 11-47-10, et seq., all escrow deposits shall be made on a quarterly basis.

B. Quarterly escrow deposits shall be made no later than 30 days after the end of each calendar quarter in which sales are made.

C. Each failure to make a full, timely quarterly deposit shall constitute a separate violation of the South Carolina Code Sections 11-47-10, et seq. and 11-48-10, et seq.

D. The Attorney General's Office shall review the amount deposited by each nonparticipating manufacturer for each calendar quarter, and shall invoice each nonparticipating manufacturer for which it concludes that an additional deposit was owed.

E. An importer shall be jointly and severally liable for all escrow deposits due from a nonparticipating manufacturer with respect to nonparticipating manufacturer cigarettes that it imports.

S.C. Code Regs. § 13-1102

Added by State Register Volume 38, Issue No. 6, eff 6/27/2014.