BIR Ruling

March 5, 1968 Oesco Inc. P.O. Box 1390 Manila Attention: Mr . P . G . Sitson Office Manager Gentlemen : This is with reference to your letter dated February 15, 1968. It appears that the Peoples Bank & Trust Co., San Fernando Branch, San Fernando, Pampanga is buying from you one Hasler Franking Machine Model F-88 for documentary stamp; that the said machine is to be used by your buyer is San Fernando, Pampanga, hence your request for a permission to have the date plate of the machine imprint: San Fernando, Pampanga Philippines In reply thereto, please be informed that your request is hereby granted, provided that your buyer should first comply with the provisions of Section 210 of the Documentary Stamp Tax Regulations which is hereunder quoted for your ready reference. "Section 210 . Permit to use machines for the manufacture or printing of documentary stamps . No person, company, association, or corporation doing business in the Philippine Island shall be permitted to use the Pitney-Bowes Postage Meter and Machine, or the like, for manufacture and printing of documentary stamps to be affixed to documents or papers subject to the tax established in section 1449 of the Administrative Code, as amended, without first securing the necessary permit thereof, from the Collector of Internal Revenue: Provided, That the granting and issuance of such permit shall be subject to the following conditions: (1) That the Collector of Internal Revenue shall in every case be notified in writing of any contract or agreement of lease of any meter or machine to be used for the manufacture of documentary stamps, by the lessor or owner of the meter or machine, as well as the name of the business address of the lessee. (2) That the meter or machine sought to be leased or rented as well as the key therefor, shall be consigned to the Collector of Internal Revenue, Manila, and such meter or machine shall be set looked and sealed in the presence of the Collector of Internal Revenue, or his duly authorized representative, and of the Insular Auditor, or the duly authorized representative of the latter. aisadc Very truly yours, (SGD.) MISAEL P. VERA Commissioner of Internal Revenue