[Code of Federal Regulations]
[Title 26, Volume 16]
[Revised as of April 1, 2004]
From the U.S. Government Printing Office via GPO Access
[CITE: 26CFR48.6416(b)(2)-1]

[Page 196]
 
                       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)(2)-1  Certain exportations, uses, sales, or resales 
causing overpayments of tax.

    In the case of any payment of tax under section 4041 (a)(1) or 
(a)(2) (diesel fuel and special fuels tax) or under chapter 32 
(manufacturers tax) that is determined to be an overpayment by reason of 
certain exportations, uses, sales, or resales described in section 
6416(b)(2) and Sec. 48.6416(b)(2)-2, the person who paid the tax may 
file a claim for refund of the overpayment or, in the case of 
overpayments under chapter 32, may claim credit for the overpayment on 
any return of tax under this subpart which the person subsequently 
files. However, under the circumstances described in section 6416(c) and 
Sec. 48.6416(e)-1, the overpayments under chapter 32 may be refunded to 
an exporter or shipper. 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 under this 
section, see Sec. 301.6402-2 of this chapter (Regulations on Procedure 
and Administration) and Sec. Sec. 48.6416(b)(2)-3 and 48.6416(b)(2)-4. 
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 32026, Aug. 8, 1985, as amended by T.D. 8879, 65 FR 
17160, Mar. 31, 2000]