BIR Ruling

March 16, 1977 Pellicer Manufacturing Corporation 718 Quirino Avenue Paraaque, Rizal Attention: Mr . Luis R . Pellicer, Jr . President Gentlemen : This refers to your letter dated December 28, 1976 requesting that Pellicer Manufacturing Corporation, patent owner and manufacturer of the trade brands SANTAN and VERBENA Medicated Pomades be formally placed on our record as the firm-recipient of BIR Ruling No. 66-033 subjecting medicated pomades to the 7% sales tax under Section 186 of the Tax Code in place of its previous corporate name of LUPEL INCORPORATED. It is stated in your letter that the corporate life of Lupel Inc. was shortened to October 31, 1971; that in its place, Pellicer Manufacturing Corporation was organized to take over the entire liabilities and assets of its predecessor, Lupel Inc.; that the principal family controlling stockholders and management officials of Pellicer Manufacturing Corporation are substantially the same as its former organization, Lupel Inc. In reply, I have the honor to inform you that inasmuch as the pomade products, namely: Santan and Verbena of Lupel, Inc., your predecessor were considered by this Office to be medicated and, therefore, subject only to the 7% sales tax under Section 186 of the tax Code, the same pomade products manufactured by that firm remain subject to the 7% sales tax. cdti Very truly yours, EFREN I. PLANA Acting Commissioner of Internal Revenue TAN-1456-040-3