Rev. Rul. 68-510

Automobiles were sold by the manufacturer for the express intention of being exported. They were, in fact, exported before any other use. Held, the automobiles are not subject to the manufacturers excise tax imposed by section 4061(a)(2) of the Internal Revenue Code of 1954, by reason of the provisions of section 4221(a)(2) of the Code. The tax applies, however, where an automobile is sold by the manufacturer to a foreign visitor in the United States to be used by him in this country, even though it is known at the time of sale that he will subsequently export the automobile.

S.T. 432, C.B. II-2, 313 (1923), is hereby superseded since the provisions thereof are restated under current law in this Revenue Ruling.

¹ Prepared pursuant to Rev. Proc. 67-6, C.B. 1967-1, 576.