BIR Ruling No. 062-64

September 29, 1964 BIR RULING NO. 062-64 Mr. Jose L. Paredero 1-B Guijo Street Project 3, Quezon City S i r : With reference to your letter dated May 18, 1964, I have the honor to inform you that a person who brought into the Philippines a car from the United States for his personal use on which the corresponding compensating tax has been paid but thereafter sells the same within one (1) year from the date of the release thereof from customs' custody is not liable to the advance sales tax imposed by Section 183(b), in relation to Section 184, both of the Tax Code, provided that the person concerned is not regularly engaged in the business of buying and selling imported cars and that the car was actually used by him prior to the sale thereof. This revokes all previous rulings to the contrary. Very truly yours, (SGD.) BENJAMIN N. TABIOS Acting Commissioner of Internal Revenue