BIR Ruling
BIR Ruling • Bureau of Internal Revenue (BIR) Issuances • Rulings (Unnumbered) • Jun 7, 1977
Full text
June 7, 1977 The President & General Manager Veterans Customs Brokerage, Inc. 433 Atlanta cor. 17th & 18th Streets Port Area, Manila S i r : This refers to your letter dated April 29, 1977 requesting in effect that the importation of your client, CFC Corporation of refrigeration machinery parts for Trane open type reciprocating compressor under B/L No. SPOF-335 be released from the customs upon payment of the 7% compensating tax. In reply, I have the honor to inform you that as it has been verified that you are a manufacturer of coffee; and that the above-described articles will be used to replace worn out parts of the Trane Compressor presently installed in your Coffee Plant, which is used in the processing of the coffee products manufactured by you, said articles are subject to the compensating tax at the rate of 7%, pursuant to Section 190 in relation to Section 186, both of the Tax Code. Very truly yours, EFREN I. PLANA Acting Commissioner of Internal Revenue TAN-P4519-F2828-A-8
Ask what this means for your situation
The assistant quotes the passage it relies on and links the source, so you can check every figure it gives you.