BIR Ruling
BIR Ruling • Bureau of Internal Revenue (BIR) Issuances • Rulings (Unnumbered) • Jul 20, 1970
Full text
July 20, 1970 Ever Electrical Assembly Plant Bo. Malanday, Marikina Rizal Gentlemen : This refers to your letter dated June 18, 1970 requesting information as to the rate of advance sales tax applicable to your importation of relief valves per SS "Kristin Bakke" and covered by export invoice No. 21237 and Bill of Lading No. LA-3-M. In reply, I have the honor to inform you that it appearing in the literature of the relief valve that the same is attached to a water storage tank to control temperature and pressure, the same is considered as a part and accessory of a water heater. Such being the case, the same is subject to the 40% advance sales tax based on the landed cost thereof plus 50% mark-up pursuant to Section 183(b) in relation to Section 185(i), both of the Tax Code, as amended by Republic Act No. 6110. cdti Very truly yours, MISAEL P. VERA Commissioner of Internal Revenue
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