BIR Ruling

April 28, 1970 2nd Indorsement Respectfully returned to the Honorable, the Secretary of Finance, Manila Senate Bill No. 342 entitled: "An Act To Further Amend Sections One Hundred Twenty Eight and One Hundred Sixty Four of Commonwealth Act Numbered Four Hundred Sixty Six, as amended, otherwise known as the National Internal Revenue Code." The proposed amendment to Section 128 of the Tax Code is simply the elimination of the phrase "or bonded warehouse". Considering that the proposal is in consonance with the present provisions of Section 164 of the same Code, this Office interposes no objection to this particular amendment. cdta However, with regard to the proposed amendment to Section 164 of the Tax Code, it is believed that the same is not necessary. Apparently, the proponent of the proposed amendment to Section 164 is not aware of recent amendment to said section, which by virtue of recent amendments now reads as follows: "Sec. 164. Denaturing within premises . For purposes of this title, the process of denaturing alcohol shall be effected only within the distillery premises where the alcohol to be denatured is produced in accordance with formulas duly approved by the Bureau of Internal Revenue and only in the presence of duly designated representatives of said bureau." (As amended by Sec. 12, Republic Act No. 1608; and Sec. 3, Republic Act. No. 5449). cd MISAEL P. VERA Commissioner of Internal Revenue