the nearest multiple of 1 cent. (2) Imported covered items (A) In general Except as provided in subparagraph (B), the amount of the tax imposed under paragraph (2) of subsection (a) on any imported covered item shall be an amount equal the product of— (i) the weight of such covered item (expressed in pounds), multiplied by (ii) 20 cents. (B) Authority to prescribe alternate rate With respect to any imported covered item for which the importer demonstrates to the satisfaction of the Secretary that such item is not entirely comprised of taxable virgin plastic resin, the Secretary may prescribe, in lieu of the rate of tax specified under subparagraph (A), an alternative rate of tax with respect to such item for purposes of subsection (a)(2). (c) Applicable entity (1) In general For purposes of this section, the term applicable entity means any manufacturer, producer, or importer of taxable virgin plastic resin. (2) Exemption (A) In general The term applicable entity shall not include any manufacturer, producer, or importer of taxable virgin plastic resin which, with respect to any taxable year— (i) (I) in the case of a manufacturer or producer, for the taxable year preceding such taxable year, manufactured or produced not greater than 10 tons of taxable virgin plastic resin, or (II) in the case of an importer, for the taxable year preceding such taxable year, imported not greater than 10 tons of taxable virgin plastic resin, and (ii) meets the gross receipts test of section 448(c) for such taxable year. (B) Aggregation rule For purposes of this paragraph, all persons treated as a single employer under subsection (a) or (b) of section 52 or subsection (m) or (o) of section 414 shall be treated as a single manufacturer, producer, or importer. (C) Administration The Secretary shall prescribe such regulations or other guidance as may be necessary to administer this paragraph, and may require information reporting from any manufacturer, producer, or importer seeking application of subparagraph (A). (d) Exportation (1)