[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)(3)-1]

[Page 201-202]
 
                       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 Sec. Sec. 48.6416(a)-3 and 
48.6416(b)(3)-3. For provisions authorizing the taking of a credit in 
lieu of

[[Page 202]]

filing a claim for refund, see section 6416(d) and Sec. 48.6416(f)-1.

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