Contract Postal Units

Contract postal units (CPUs) that submit a daily PS Form 1412 to a host Post Office must increase the value of each Forever Stamp booklet in their inventory as follows:

• Count each Forever Stamp booklet to be revalued.
• Multiply the number of Forever Stamp booklets on hand to be revalued by the difference between origi­nal price and new revalued price.
• Record the computations for all Forever Stamp booklets revalued on a PS Form 17.
• Enter the calculated amount in AIC 844, Stock Increase — Revaluation on PS Form 1412.
• Submit PS Form 17 and the CPU’s PS Form 1412 to the host Post Office or the Contracting Officer’s Representative (COR).

Note: CPUs with Contract Access Retail System (CARS) do not need to revalue the Forever Stamp quantities in their inventory. CARS will automatically change the price, and the CPU will sell the stamp for the new price on May 12th.