An VIFSC shall be exempt from the tax imposed under Title 33, section 42, Virgin Islands Code, on non-Virgin Islands export property imported into the United States Virgin Islands for reexport by the VIFSC in the ordinary course of its trade or business.
Exemption of VIFSCs from excise taxes
13 V.I.C. § 775 — under Virgin Islands Foreign Sales Corporation.
13 V.I.C. § 775