Rev. Rul. 67-193

Revenue Ruling 63-62, C.B. 1963-1, 250, as modified by Revenue Ruling 63-230, C.B. 1963-2, 539, and supplemented by Revenue Ruling 64-228, C.B. 1964-2, 437, sets forth lists of foreign countries which have been found by the Secretary of Commerce to allow or not allow substantially reciprocal privileges in respect of aircraft registered in the United States, for purposes of the special rule provided by section 4221(e)(1) of the Internal Revenue Code of 1954. That special rule relates to excise tax exemptions with respect to articles sold for use as supplies for civil aircraft which are registered in a foreign country and employed in foreign trade or trade between the United States and any of its possessions. The list of countries which had been found not to allow substantially reciprocal privileges includes Iceland and the Union of Soviet Socialist Republics.

The Secretary of Treasury has been advised by the Secretary of Commerce that he has found that Iceland and the Union of Soviet Socialist Republics allow substantially reciprocal privileges in respect of aircraft registered in the United States. With respect to Iceland, however, such reciprocal privileges are limited to aircraft fuels and lubricants sold on or after June 1, 1967. Therefore, the list of countries which have been found to allow substantially reciprocal privileges should include `Iceland (aircraft fuels and lubricants only, beginning June 1, 1967)' and `Union of Soviet Socialist Republics.'

Revenue Ruling 63-62 is hereby modified accordingly.

¹ Also released as Technical Information Release 909, dated May 29, 1967.