BIR Ruling

August 15, 1968 Dole Philippines, Inc. P.O. Box 4455 Manila Gentlemen : This is with reference to your letter dated July 17, 1968 requesting information as to the correct rate of compensating tax due on the imported King Zero Ice Builder, FMC Continuous Pressure Cooker and FMC Continuous Open Spray Cooler which are all used in your industrial operations. In reply, I have the honor to inform you that the ice builder and open spray cooler fall within the purview of Sections 185-A(b) of the Tax Code and the pressure cooker falls within the purview of Section 185(i) of the same Code, hence, they are subject to 30% compensating tax based and computed on the total landed cost thereof pursuant to Section 190, in relation to Sections 185-A(b) and 185(i), all of the Tax Code. Very truly yours, (SGD.) MISAEL P. VERA Commissioner of Internal Revenue