BIR Ruling

June 23, 1975 The Collector of Customs South Harbor Bureau of Customs Manila S i r : This refers to your letter dated June 5, 1975 requesting clarification as to whether or not our ruling contained in our letter to Mr. Antonio Isip, Jr., customs broker for Chrysler Philippines Corporation, dated April 28, 1975 (not June 15, 1974), holding that the importation of Chrysler Philippines Corporation, a duly registered car assembler under the Progressive Car Manufacturing Program of the Board of Investments, of electric cigar lighter, is subject to the 7% advance sales tax with a 25% mark-up, also applies to similar importations by other car assemblers duly registered under the PCMP. In reply, I have the honor to inform you that under Section 184-A(B) of the Tax Code, "parts and accessories of automobiles imported as completed knocked down parts by assemblers registered under the Progressive Car Manufacturing Program of the Board of Investments, or as replacements as well as locally manufactured parts and accessories for the assembly of automobiles shall be subject to tax under Section one hundred and eighty-six". Consequently, our aforesaid ruling is applicable to importations of the other car assemblers registered under the Progressive Car Manufacturing Program the Board of Investments. Very truly yours, (SGD.) MISAEL P. VERA Commissioner of Internal Revenue TAN 1601-593-5