CODIFICATION OF INTERNAL REVENUE LAWS SEC 2477. FIRST DOMESTIC PROCESSING DEFINED. For the purposes of this chapter the term "first domestic process- ing" means the first use in the United States, in the manufacture or production of an article intended for sale, of the article with respect to which the tax is imposed, but does not include the use of palm oil in the manufacture of tin plate or terne plate, or any subsequent use of palm oil residue resultig from the manufacture of tin plate or terne plate. SEC. 2478. CONTRACTS PRIOR TO JANUARY 26, 1934. If (1) any person has, prior to January 26, 1934, made a bona fide contract for the sale on or after May 10, 1934, of any article wholly or in chief value of an article with respect to which a tax is imposed by this chapter or of any article with respect to which a tax is imposed by this section, and if (2) such contract does not permit the addition to the amount to be paid thereunder of the whole of such tax, then (unless the contract expressly prohibits such addition) the vendee shall pay so much of the tax as is not permitted to be added to the contract price. Taxes payable by the vendee shall be paid to the vendor at the time the sale is consummated and shall be re- turned and paid to the United States by the vendor in the same manner as other taxes under this chapter. In case of failure or refusal by the vendee to pay such taxes to the vendor, the vendor shall report the facts to the Commissioner, who shall cause collection of such taxes to be made from the vendee. SEC. 2479. OTHER LAWS APPLICABLE. All provisions of law (including penalties) applicable in respect of taxes imposed by section 2700, shall insofar as applicable and not inconsistent with this chapter, be applicable in respect of the taxes imposed by this chapter. SEC. 2480. COVERING OF COLLECTIONS INTO THE TREASURY. All collections except as provided in section 2470 shall, notwith- standing any other provisions of law, be covered into the general fund of the Treasury of the United States. SEC. 2481. EFFECTIVE DATE OF CHAPTER. This chapter shall take effect on the first day of that calendar month occurring next after the enactment of this title. SEC. 2482. PUBLICITY OF RETURNS. For provisions with respect to publicity of returns under this chap- ter, see subsection (a) (2) of section 55. 266
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