Public Law 46–1

That where spirits are withdrawn front distillery warehouses for exportation according to law, it shall be lawful, under such rules and regulations and limitation as shall be prescribed by the Commissioner of Internal Revenue, with the approval of the Secretary of His Treasury, for an allowance to be made for

Allowance for loss, leakage, or casualty when withdrawn for exportation.

leakage or loss by an unavoidable accident, and without any fraud or negligence of the distiller, owner, exporter, earner, or their agents or employees, occurring during transportation from a distillery warehouse to the port of export; nor shall any assessment be collected for such loss or leakage where the same has not been paid on distilled spirits exported since the first day of May, eighteen hundred and seventy-eight.

Sec. 2.

That where the spirits provided for in the preceding section

Tax not Io be remitted to extent of excessive insurance.

are covered by a valid claim of insurance in excess of the market value thereof, exclusive of the tax, the tax upon such spirits shall not be remitted to the extent of such excessive insurance