BIR Ruling

June 5, 1973 The General Manager P. I. Electric Supply Co., Inc. 683-684 Rizal Avenue Manila S i r : This refers to your letters dated May 16 and 31, 1973 requesting confirmation of our ruling dated January 10, 1973, that the time relay devices (Subminy Timer Type STP-YM, STP Subminy Timer Surface and various types of Fuji Timer) covered by Entries Nos. 29799, 28859 and 29017 are subject to the 7% advance sales tax. In reply, I have the honor to inform you that it being represented that the abovementioned shipments are contrivances used essentially in the operation of machineries and other mechanical devices; and it appearing in the brochure submitted that the imported articles are time relay devices of the type covered by our ruling dated January 10, 1973, the same are subject to the 7% advance sales tax based on the landed cost thereof, plus 25% mark-up pursuant to Section 183(b) in relation to Section 186, both of the Tax Code. This letter may serve as authority to the Commissioner of Customs to release your importation of the abovementioned time relay devices. Very truly yours, (SGD.) MISAEL P. VERA Commissioner of Internal Revenue