USE BY MANUFACTURER OR IMPORTER CONSIDERED SALE.

SEC. 118. USE BY MANUFACTURER OR IMPORTER CONSIDERED SALE. Section 4218 (use by manufacturer or importer considered sale) is amended to read as follows: “SEC. 4218. USE BY MANUFACTURER OR IMPORTER CONSIDERED SALE. “(a) General Rule.—If any person manufactures, produces, or imports an article (other than an article specified in subsection (b) or (c)) and uses it (otherwise than as material in the manufacture or production of, or as a component part of, another article taxable under this chapter to be manufactured or produced by him), then he shall be liable for tax under this chapter in the same manner as if such article were sold by him. “(b) Tires, Tubes, and Automobile Receiving Sets.—If any person manufactures, produces, or imports a tire or inner tube taxable under section 4071, or an automobile radio or television receiving set taxable under section 4141, and sells it on or in connection with the sale of any article, or uses it, then he shall be liable for tax under this chapter in the same manner as if such article were sold by him. 72 Stat. 1282 “(c) Automobile Parts, Radio Components, Camera Lenses, Etc.—If any person manufactures, produces, or imports a part or accessory taxable under section 4061 (b), a radio or television component taxable under section 4141, or a camera lens taxable under section 4171, and uses it (otherwise than as material in the manufacture or production of, or as a component part of, any other article to be manufactured or produced by him), then he shall be liable for tax under this chapter in the same manner as if such article were sold by him. “(d) Computation of Tax.—Except as provided in section 4223 (b), in any case in which a person is made liable for tax by the preceding provisions of this section, the tax (if based on the price for which the article is sold) shall be computed on the price at which such or similar articles are sold, in the ordinary course of trade, by manufacturers, producers, or importers, thereof, as determined by the Secretary or his delegate.”