Exemption of the Importation of Books from VAT

January 29, 1988 BIR RULING NO. 013-88 103 (f) 003-88 013-88 Most Reverend : In connection with your importation of three (3) Skids (STC: 100 CTNS) Books 409-10 Liturgy of the Hours Set (Breviaries) which arrived in the Philippines on October 27, 1987, please be informed that the law in force at the time of its withdrawal or removal from Custom's custody shall apply to the above importation. Accordingly, pursuant to Section 103(f) in relation to Section 101 both of the Tax Code as amended by E.O. No. 273 which took effect on January 1, 1988, importation of books like the breviaries in your case is exempt from the value-added tax. This serves as authority for the release from Custom's custody of the aforesaid importation of books (Liturgy of the Hours) covered by Bill of Lading No. NYCO 41227 of the S/S "LEXA MAERSK" and Catholic Book Publishing Corporation Invoice No. 49967 dated September 23, 1987 without payment of the value-added tax. Very truly yours, (SGD.) BIENVENIDO A. TAN, JR. Commissioner