[Code of Federal Regulations]
[Title 27, Volume 1]
[Revised as of April 1, 2007]
From the U.S. Government Printing Office via GPO Access
[CITE: 27CFR26.30]

[Page 730-731]
 
            TITLE 27--ALCOHOL, TOBACCO PRODUCTS AND FIREARMS
 
 CHAPTER I--ALCOHOL AND TOBACCO TAX AND TRADE BUREAU, DEPARTMENT OF THE 
                                TREASURY
 
PART 26_LIQUORS AND ARTICLES FROM PUERTO RICO AND THE VIRGIN ISLANDS--Table of 
 
  Subpart Ca_Rum Imported Into the United States From Areas Other Than 
                   Puerto Rico and the Virgin Islands
 
Sec.  26.30  Excise taxes.


    Distilled spirits excise taxes, less the estimated amounts necessary 
for payment of refunds and drawbacks, collected on all rum imported into 
the United States (including rum from possessions other than Puerto Rico 
and the Virgin Islands), will be deposited

[[Page 731]]

into the Treasuries of Puerto Rico and the Virgin Islands according to 
the formula described in Sec.  26.31. The amount deposited into the 
Treasuries of Puerto Rico and the Virgin Islands shall be the lesser of 
$10.50, or the rate imposed by 26 U.S.C. 5001(a)(1) (including 
adjustments to the effective tax rate under 26 U.S.C. 5010), on each 
proof gallon of rum imported into the United States.

(Aug. 16, 1954, Chapter 736, 68A Stat. 907, as amended (26 U.S.C. 7652))

[T.D. ATF-203, 50 FR 15888, Apr. 23, 1985. Redesignated and amended by 
T.D. ATF-459, 66 FR 38550, July 25, 2001]