85 STAT. ]
PUBLIC LAW 92-178-DEC. 10, 1971
(3) TECHNICAL AMENDMENTS.—
Stat. (A) Section 4221(c) (relating to relief of manufacturer 72 USC 41282. 26 221. from liability in certain cases) is amended by striking out "section 4063(b)," and inserting in lieu thereof "section 4063 (a)(6) or (7), 4063(b),". Ante, p, 530. (B) Section 4222(d) (relating to registration in the case of certain exemptions) is amended by striking out "sections 4063(b)," and inserting in lieu thereof "sections 4063(a)(6) and (7), 4063(b),". (C) Section 6416(b)(2) (relating to specified uses and y/statTi'ssf ^' resales in case of which tax payments are considered overpayments) is amended— (i) by striking out "described in section 4221(e)(5)." in subparagraph (R) and inserting in lieu thereof "described in section 4063(a)(6) or4221(e)(5); or"; and (ii) by adding at the end thereof the following new subparagraph: " (S) in the case of a box, container, receptacle, bin, or other similar article taxable under section 4061(a), sold to any person for use as described in section 4063(a)(7)."
(b) FLOOR STOCKS REFUNDS.—
(1) IN GENERAL.—Where, before the day after the date of the enactment of this Act, any tax-repealed article (as defined in subsection (e)) has been sold by the manufacturer, producer, or importer and on such day is held by a dealer and has not been used and is intended for sale, there shall be credited or refunded (without interest) to the manufacturer, producer, or importer an amount equal to the tax paid by such manufacturer, producer, or importer on his sale of the article, if— (A) claim for such credit or refund is filed with the Secretary of the Treasury or his delegate before the first day of the 10th calendar month beginning after the day after the date of the enactment of this Act based upon a request submitted to the manufacturer, producer, or importer before the first day of the 7th calendar month beginning after the day after the date of the enactment of this Act by the dealer who held the article in respect of which the credit or refund is claimed; and (B) on or before the first day of such 10th calendar month reimbursement has been made to the dealer by the manufacturer, producer, or importer in an amount equal to the tax paid on the article or written consent has been obtained from the dealer to allowance of the credit or refund. (2)
LIMITATION ON ELIGIBILITY FOR CREDIT OR REFUND.—No
manufacturer, producer, or importer shall be entitled to credit or refund under paragraph (1) unless he has in his possession such evidence of the inventories with respect to which the credit or refund is claimed as may be required by regulations prescribed by the Secretary of the Treasury or his delegate under this subsection. (3) OTHER LAWS APPLICABLE.—All provisions of law, including
penalties, applicable with respect to the taxes imposed by section 4061(a) of the Internal Revenue Code of 1954 shall, insofar as ^"'e*?• S30. applicable and not inconsistent with paragraphs (1) and (2) of this subsection, apply in respect of the credits and refunds provided for in paragraph (1) to the same extent as if the credits or refunds constituted overpayments of the tax.
75-432 O - 72 - 36
531
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