26 USC 5114 - Drawback

U.S Code last checked for updates: May 18, 2024

§ 5114.

Drawback

(a)

Rate of drawback

(b)

Claims

(c)

Allowance of drawback even where certain requirements not met

(1)

In general

(2)

Penalty

(A)

In general

(B)

Penalty may not exceed amount of claim

(3)

Penalty treated as tax

(Added Pub. L. 85–859, title II, § 201, Sept. 2, 1958, 72 Stat. 1346, § 5134; amended Pub. L. 90–615, § 2(a), Oct. 21, 1968, 82 Stat. 1210; Pub. L. 94–455, title XIX, § 1906(b)(13)(A), Oct. 4, 1976, 90 Stat. 1834; Pub. L. 98–369, div. A, title IV, § 452, July 18, 1984, 98 Stat. 819; Pub. L. 103–465, title I, § 136(b), Dec. 8, 1994, 108 Stat. 4841; Pub. L. 104–188, title I, § 1704(t)(12), Aug. 20, 1996, 110 Stat. 1888; renumbered § 5114, Pub. L. 109–59, title XI, § 11125(b)(3)(A), Aug. 10, 2005, 119 Stat. 1953.)

cite as: 26 USC 5114