[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: 26CFR48.6416(b)(3)-1]

[Page 210]
 
                       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 O--Refunds and Other Administrative Provisions of Special 
            Application to Retailers and Manufacturers Taxes
 
Sec. 48.6416(b)(3)-1  Tax-paid articles used for further manufacture and causing overpayments of tax.

    In the case of any payment of tax under chapter 32 that is 
determined to be an overpayment under section 6416(b)(3) and 
Sec. 48.6416(b)(3)-2 by reason of the sale of an article (other than 
coal taxable under section 4121), directly or indirectly, by the 
manufacturer of the article to a subsequent manufacturer who uses the 
article in further manufacture of a second article or who sells the 
article with, or as a part of, the second article manufactured or 
produced by the subsequent manufacturer, the subsequent manufacturer may 
file claim for refund of the overpayment or may claim credit for the 
overpayment on any return of tax under this subpart subsequently filed. 
No interest shall be paid on any credit or refund allowed under this 
section. For provisions relating to the evidence required in support of 
a claim for credit or refund, see Sec. 301.6402-2 of this chapter 
(Regulations on Procedure and Administration) and Secs. 48.6416(a)-3 and 
48.6416(b)(3)-3. For provisions authorizing the taking of a credit in 
lieu of filing a claim for refund, see section 6416(d) and 
Sec. 48.6416(f)-1.

[T.D. 8043, 50 FR 32030, Aug. 8, 1985]