Reg. § 48.6420-5 Applicable laws.
(a) Penalties, excessive claims, etc All provisions of law, including penalties, applicable in respect of the tax imposed by section shall, to the extent applicable and consistent with section , apply in respect of the payments provided for in section to the same extent as if these payments were refunds of overpayments of the tax imposed on the sale of gasoline under section . For special rules applicable to the assessment and collection of amounts constituting excessive payments under section , see section and the regulations thereunder. For the civil penalty assessable in the case of excessive claims under section , see section and the regulations thereunder. For the treatment as an overpayment of an amount allowable as an excessive credit under section with respect to amounts payable under section , see section .
(b) Examination of books and witnesses For the purpose of ascertaining
(1) the correctness of any claim made under section or
(2) the correctness of any credit or payment made in respect of the claim, the Commissioner shall have the same authority granted by paragraphs (1), (2), and
(3) of section , relating to examination of books and witnesses, as if the person claiming credit or payment under section were the person liable for tax.
(c) Fractional part of a dollar Section provides that section , relating to fractional parts of a dollar, shall not apply with respect to the allowance of any amount as a credit or payment under section . Accordingly, credits or payments authorized by section shall be made in the exact amount to which the claimant is entitled and shall not be rounded to the nearest whole dollar amount.
[T.D. 8043, 50 FR 32038, Aug. 8, 1985]