United States v. Los Angeles Soap Co.

MATHEWS, Circuit Judge.

Section 602% of the Revenue Act of 1934, 26 U.S.C.A. Int.Rev.Acts, page 778, provided:

“(a) There is hereby imposed upon the first domestic processing of coconut oil * * * a tax of 3 cents per pound, to be paid by the processor. There is hereby imposed (in addition to the tax imposed by the preceding sentence) a tax of 2 cents per pound, to be paid by the processor, upon the first domestic processing of cocpnut oil * * * except that the tax imposed by this sentence shall not apply when it is established, in accordance with regulations prescribed by the Commissioner with…