Common use of INTERNAL REVENUE Clause in Contracts

INTERNAL REVENUE. CODE (a) Buyer is a manufacturer or producer of articles enumerated in chapter 32 of the Internal Revenue Code and holds Certificate of Registry number 38-750265A issued by the District Director of Internal Revenue at Detroit, Michigan. We certify that the item(s) specified on the face of this order are intended for use in the manufacture of, or as a component part of, or as a service part for an article manufactured by them. (b) It is understood for all purposes of chapter 32 of the Internal Revenue Code that Buyer shall be considered the Manufacturer of these items and will be responsible for payment of tax on resale or use for any taxable purpose. (c) We further state that we are aware of the penalties for fraudulent use of this certificate; namely revocation of the privilege of making future tax free purchases, a fine up to $10,000 or imprisonment for up to 5 years (or both), together with cost of prosecution.

Appears in 7 contracts

Samples: Purchase Order Agreement, Purchase Order Agreement, Purchase Order Agreement

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