[Code of Federal Regulations]
[Title 15, Volume 1]
[Revised as of January 1, 2002]
From the U.S. Government Printing Office via GPO Access
[CITE: 15CFR25.44]

[Page 253]
 
                  TITLE 15--COMMERCE AND FOREIGN TRADE
 
PART 25--PROGRAM--Table of Contents
 
Sec. 25.44  Right to administrative offset.

    The amount of any penalty or assessment which has become final, or 
for which a judgment has been entered under Secs. 25.42 and 25.43, or 
any amount agreed upon in a compromise or settlement under Sec. 25.46, 
may be collected by administrative offset under 31 U.S.C. 3716, except 
that an administrative offset may not be made under this subsection 
against a refund of an overpayment of Federal taxes, then or later owing 
by the United States to the respondent.

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