Volume 78
Public Law 88–342
To prevent double taxation In the case of certain tobacco products exported and returned unchanged to the United States for delivery to a manufacturer’s bonded factory.
Approved June 30, 1964
Statutory text
AN ACT
To prevent double taxation In the case of certain tobacco products exported and returned unchanged to the United States for delivery to a manufacturer’s bonded factory.
Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,
That
head note 2 to subpart A of part 1 of schedule 8 of title I of the Tariff Act of 1930 (Tariff Schedules of the United States; 28 F.R., part II, Aug. 17, 1963) is amended by striking out “and” at the end of paragraph (a), by «lettering paragraph (b) as paragraph (c), and by inserting after paragraph (a) the following new paragraph:
“(b) tobacco products and cigarette papers and tubes classifiable under such item may be released from customs custody, without payment of that part of the duty attributable to the internal-revenue tax, for return to internal-revenue bond as provided by section 5704(e) of the Internal Revenue Code of 1954; and”.
Section 5704 of the Internal Revenue Code of 1954 (relating to exemption from tobacco fax) is amended by adding at the end thereof the following new subsection:
“(e) Tobacco Products and Cigarette Papers and Tubes Exported and Returned.—
Tobacco products and cigarette papers and tubes
classifiable under item 804.00 of title I of the Tariff Act of 1930 (relating to duty on certain articles previously «ported and returned) may be released from customs custody, without payment of that part of the duty attributable to the internal revenue tax for delivery to a manufacturer of tobacco products or cigarette papers and tubes, in accordance with such regulations and under such bond as the Secretary or his delegate shall prescribe. Upon such release such products, papers, and tubes shall be subject to this chapter as if they had not been exported or otherwise removed from internal-revenue bond.”
Sec. 2.
The amendments made by the first section of this Act shall apply with respect to articles entered, or withdrawn from warehouse, for consumption after the date of the enactment of this Act.
Approved June 30, 1964.