Gasoline; special rules for gasoline blendstocks., 26 CFR 48.4081-4

Summary

Overview. This section provides rules exempting from tax certain removals, entries, and sales of gasoline blendstocks. Generally, under prescribed conditions, tax is not imposed on gasoline blendstocks that are not used to produce finished gasoline or that are received at an approved terminal or refinery.

Nonbulk removals and entries of gasoline blendstocks not used to produce gasoline —

Removals and entries not in connection with sales. Tax is not imposed under § 48.4081-2(b), § 48.4081-3(b)(1)(ii), or § 48.4081-3(c)(1)(ii) on the removal or entry of gasoline blendstocks not in connection with a sale if —

The person otherwise liable for tax under § 48.4081-2(c)(1) (the position holder), § 48.4081-3(b)(3) (the refiner), or § 48.4081-3(c)(2) (the enterer) is a taxable fuel registrant; and

Such person does not use the gasoline blendstocks to produce finished gasoline.

Removals and entries in connection with sales. Tax is not imposed under § 48.4081-2(b), § ...