BIR Ruling

September 18, 1969 Ysmael Steel Manufacturing P.O. Box 325, Manila Attention: Mr . Guillermo Victoria Chief, Brokerage Group Gentlemen : This refers to your letter dated September 11, 1969, requesting information as to the rate of mark-up applicable to your importations of parts and accessories of refrigerators, air conditioners, freezers and beverage coolers which manufacture. In reply, I have the honor to inform you that as your firm had already been ascertained, after investigation to qualify as manufacturer of "integrated manufactured products" and "non-integrated manufactured products", your importations of parts and accessories for use in your integrated manufactured products are subject to the 7% advance sales tax based on the landed cost thereof plus 25% mark-up pursuant to Section 183 (b) in relation to Section 185-A both of the Tax Code; and your importations of parts and accessories for use in the manufacture of non-integrated manufactured products are subject to the 15% advance sales tax based on the landed cost thereof plus 50% mark-up pursuant to Section 183(b) in relation to Section 185-A both of the Tax Code. Very truly yours, (SGD.) MISAEL P. VERA Commissioner of Internal Revenue