@Nkm171964 , thank you for bringing this excise tax angle to my attention -- I was not aware of this. So while I am studying this in more detail -- look at all the relevant tax code sections and Rev. Procs ( will take a bit of time since I know nothing about excise tax ), please see this page from the IRS : ---> Exemption from Section 4371 excise tax | Internal Revenue Service.
I will come back on rest of your comments in a few--
Again thank you for helping me here on expanding my knowledge band.
pk
