Page:United States Statutes at Large Volume 68A.djvu/584

 544

INTERNAL REVENUE CODE OF 1954

nated, sulphated, hydrogenated, or otherwise processed, 4}^ cents per pound; (2) HEMPSEED.—Hempseed, 1.24 cents per pound; (3) PERILLA SEED.—Perilla seed, 1.38 cents per pound; (4) K A P O K AND RAPESEED.—Kapok seed and rapeseed, 2 cents per pound; (5) SESAME SEED.—Sesame seed, 1.18 cents per pound. SEC. 4572. EXEMPTION FOR CERTAIN USES OP RAPESEED OIL.

The tax imposed under section 4571(1) shall not apply to rapeseed on imported to be used in the manufacture of rubber substitutes or lubricating oil, and the Secretary or his delegate shall prescribe methods and regulations to carry out this section. PART III—MANUFACTURES AND COMPOUNDS Sec. 4581. Imposition of tax. Sec. 4582. Exemptions. SEC. 4581. IMPOSITION OF TAX.

In addition to any other tax or duty imposed by law, there is hereby imposed upon the following articles imported into the United States, unless treaty provisions of the United States otherwise provide, a tax at the rates set forth, to be paid by the importer— Any article, merchandise, or combination (except oils specified in section 4511), 10 percent or more of the quantity by weight of which consists of, or is derived directly or indirectly from, one or more of the products specified in sections 4561 and 4571, or of the oils, fatty acids, or salts specified in section 4511, a tax at the rate or rates per pound equal to that proportion of the rate or rates prescribed in sections 4561 and 4571 or section 4511 in respect of such product or products which the quantity by weight of the imported article, merchandise, or combination, consisting of or derived from such product or products, bears to the total weight of the imported article, merchandise, or combination; SEC. 4582. EXEMPTIONS.

(a) CERTAIN NATURAL OILS.—There shall not be taxable under section 4581 any article, merchandise, or combination (other than an oil, fat, or grease, and other than products resulting from processing seeds without full commercial extraction of the oil content), by reason of the presence therein of an oil, fat, or grease which is a natural component of such article, merchandise, or combination and has never had a separate existence as an oil, fat, or grease. (b) CERTAIN COCONUT O I L. — The taxes imposed by this subchapter shall not apply to any article, merchandise, or combination, by reason of the presence therein of any coconut oil produced in Guam or American Samoa, or any direct or indirect derivative of such oil. (c)

GLYCERIN, STEARINE P I T C H AND CERTAIN COMPONENTS OF

WASTES.—No tax shall be imposed under this subchapter on the importation of glycerin or stearine pitch or any article by reason of any component of such article derived directly or indirectly from a waste not named in sections 4561, 4571, or 4581.

§4571(1)

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