Computation of Specific Tax Imposed under Sec. 140 of the Tax Code

January 6, 1958 BIR RULING NO. 006-58 Miss Pacita Ramirez 168 Comercio Street Cebu City M a d a m : In answer to the query contained in your letter dated November 14, 1957, I have the honor to inform you that the specific tax imposed under Section 140 of the Tax Code, as amended by Republic Act No. 1608, is based and computed on the quantity of the manufactured firecrackers. Consequently, in qeighing the same for the purpose of computing the tax due thereon, all of the materials that go into the manufacture thereof have to be included with the exception of the handles or props, in the case of rocket fireworks. Very truly yours, (SGD.) MELECIO R. DOMINGO Deputy Collector of Internal Revenue