31652

(a) In order to achieve due oversight of the exemptions granted by this part, the Secretary is hereby empowered to collect the excise tax, prior to the recognition of the exemption, except in respect to:(1) The exemption granted to a manufacturing plant when the latter acquires raw material, equipment, and machinery directly from abroad.(2) The exemption granted to a manufacturing plant when the latter acquires raw material, equipment, and machinery deposited in bonded warehouses belonging to importers.(3) The exemption granted to importers on goods introduced into Puerto Rico and deposited in bonded warehouses with the purpose of selling the goods abroad.(4) The exemption granted to nonprofit institutions under the provisions of § 31664 of this title; and(5) The exemption granted in § 31659 of this title.(b) Likewise, excise taxes paid to the public treasury may be refunded or credited if the exempt person shows to the satisfaction of the Secretary that he/she is entitled to enjoy one or more of the exemptions provided in this chapter. In such cases, the refund or credit shall be limited to:(1) The exempt person when the latter has paid the tax directly.(2) The exempt person with

or more of the exemptions provided in this chapter. In such cases, the refund or credit shall be limited to:(1) The exempt person when the latter has paid the tax directly.(2) The exempt person with the previous consent of the person who paid the tax.(3) The person who, after paying the tax, has not transferred it, in whole or in part, in the selling price charged to the exempt person. History —Jan. 31, 2011, No. 1, § 3030.02, retroactive to Jan. 1, 2011.