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Export drawback Form: What You Should Know
For the purpose of determining Drawback on excise taxes, the Internal Revenue Service and the Internal Revenue Code, and the regulations in (3) The amount of the drawback will be: a, 100 for those persons or entities which are U.S. residents, and nonresident aliens who are U.S. residents or permanent residents, who sell their beer directly to a foreign corporation or other foreign entity and who receive no less than 10 percent of the gross revenue earned by such foreign corporation or Other foreign entity from the sale of such beer; or b, 10 percent of such gross revenue for such persons or entities who have less than 10 percent of gross revenue earned by such foreign corporation or Other foreign entity from the sale of such beer (including those foreign corporations and other foreign entities which are a part of or controlled by such foreign corporation or Other foreign entity); c, the amount of drawback to be used for any year shall be: (a) for the taxable year of each person or entity for which drawback is given to the Internal Revenue Service, (i) the amount of drawback provided for in clause (2) of this subsection if the tax incurred during such taxable year on such merchandise was derived by such person and was not exempt by reason of section 4(a)(1) and § 1081 or as provided in the preceding paragraph(3), multiplied by (ii) the amount of any tax due to the Internal Revenue Service as a result of the determination of whether such merchandise meets the minimum quality standards specified in the prior paragraph(4), multiplied by (iii) the amount of drawback to be used for such taxable year multiplied by 10 percent of the gross proceeds realized by such person from the sale of such merchandise, or if this determination is made by the Internal Revenue Service after the end of the taxable year of such person or entity, by 10 percent of the gross proceeds realized by such person or entity from the sale of such merchandise, if such person or entity is a brewer, and if this determination is made by the Internal Revenue Service after the end of the taxable year of the brewer; or (b) for the taxable year of each U.S.
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