BIR Ruling No. 065-64
BIR Ruling No. 065-64 • Bureau of Internal Revenue (BIR) Issuances • Rulings (Numbered) • Nov 3, 1964
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November 3, 1964 BIR RULING NO. 065-64 Business Horizons, Inc. 66 P. Florentino Street Quezon City Gentlemen : Reference is made to your letter dated October 30, 1964, requesting that your shipment of spray can sets and valves to be resold as spray paints and spray deodorant-disinfectant be subject to the 7% advance sales tax computed on the total landed cost thereof plus 25% mark-up. cdta In reply thereto, please be informed that the said imported spray can sets and valves for use as containers of spray paints and spray deodorant-disinfectant are subject to the 7% advance sales tax based on the total landed cost thereof plus 25% mark-up, pursuant to Section 183(b), in relation to Section 186, both of the Tax Code. This serves as authority for the Commissioner of Customs in effecting the release of the aforesaid imported articles upon payment of the rate of tax stated above. cdti Very truly yours, (SGD.) BENJAMIN N. TABIOS Acting Commissioner of Internal Revenue
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