[Code of Federal Regulations]
[Title 26, Volume 15]
[Revised as of April 1, 2001]
From the U.S. Government Printing Office via GPO Access
[CITE: 26CFR48.4216(f)-1]

[Page 170]
 
                       TITLE 26--INTERNAL REVENUE
 
                  CHAPTER I--INTERNAL REVENUE SERVICE,
                       DEPARTMENT OF THE TREASURY
                               (Continued)
 
PART 48--MANUFACTURERS AND RETAILERS EXCISE TAXES--Table of Contents
 
     Subpart M--Special Provisions Applicable to Manufacturers Taxes
 
Sec. 48.4216(f)-1  Value of used components excluded from price of certain trucks.

    For purposes of the tax imposed by section 4061(a)(1) (relating to 
trucks, buses, etc.), in determining the price for which an article is 
sold, the value of any previously used component of such article shall 
be excluded from the price if the person furnishing the component is the 
first user of the finished article. For example, where a manufacturer 
builds a truck for a customer who intends to use, rather than resell the 
truck, incorporating used parts furnished by the customer, the value of 
the previously used parts shall not be included in the price for which 
the truck is considered sold by the manufacturer.

[T.D. 7536, 43 FR 13521, Mar. 31, 1978]