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Internal Revenue Code, § 7268. Possession With Intent To Sell In Fraud Of Law Or To Evade Tax

Every person who shall have in his custody or possession any goods, wares, merchandise, articles, or objects on which taxes are imposed by law, for the purpose of selling the same in fraud of the internal revenue laws, or with design to avoid payment of the taxes imposed thereon, shall be liable to a penalty of $500 or not less than double the amount of taxes fraudulently attempted to be evaded.
(Aug. 16, 1954, ch. 736, 68A Stat. 865.)
Background Notes
Cross References
Authorization for action to recover penalty, see section 7401 of this title.
Jurisdiction of district court of the United States of action for penalty, see section 1355 of Title 28, Judiciary and Judicial Procedure.
Penalty for attempt to evade tax, see section 7201 of this title.