BIR Ruling

June 30, 1977 The President Ricsan Development Corporation Km. 11, Sasa, Davao City S i r : This refers to your letter dated June 28, 1977 requesting exemption from the payment of internal revenue taxes on your importation of refrigeration equipment to be used in your tuna venture. The papers show that on January 6, 1977, the Board of Investments issued in your favor Certificate of Authority CE-1 No. 0755 authorizing that firm to import tax and duty-free the following articles: 2 Sets Refrigeration Equipment for freezing Tuna, 87,100 BTUH 30F box temperature and 90F ambient air temperature, 230/3/60, complete with spare parts and accessories "Kramer" Model C36L52-TV1200; 2 Sets Refrigeration Equipment for storage of frozen Tuna, 38,600 BTUH 30F box temperature and 95F ambient air temperature, with control spare parts and accessories, "Kramer" Model C15L52-TV550; 1 Unit Diesel Electric Set, 50 KW 1800 RPM, 0.8 P.F., 60-HRTZ, 3-0, 240-480 AV, "Caterpillar" Model 3304 with accessories. In pursuance of the foregoing authority, that firm imported the 4 units Kramer refrigeration system complete with standard accessories and components. In reply, please be informed that inasmuch as the aforesaid articles were imported in accordance with the authority issued by the Board of Investment on a tax-free basis, the same are exempt from the payment of the compensating tax. This letter will serve as authority for the Collector of Customs, Davao City in releasing the aforesaid articles without the pre-payment of the compensating tax due thereon. Very truly yours, EFREN I. PLANA Acting Commissioner of Internal Revenue TAN-P4519-F2828-A-8