Importation of Raw Materials in the Production of Pencils Subject to 20% Advance Sales Tax
BIR Ruling No. 046-86 • Bureau of Internal Revenue (BIR) Issuances • Rulings (Numbered) • Apr 22, 1986
Full text
April 22, 1986 BIR RULING NO. 046-86 165 036-80 046-86 Gentlemen : In reply to your letter dated March 31, 1986, please be informed that your importation of cedar pencil slats, rubber plugs (pencil eraser), pencil leads and metal ferrules which are used as raw materials in the production of pencils are subject to 20% advance sales tax based on the total value used by the Bureau of Customs in determining tariff and customs duties pursuant to Section 162(c) in relation to Section 165(A)(2) of the Tax Code. cdt Very truly yours, (SGD.) BIENVENIDO A. TAN, JR. Commissioner
Ask what this means for your situation
The assistant quotes the passage it relies on and links the source, so you can check every figure it gives you.