BIR Ruling No. 092-63

December 4, 1963 BIR RULING NO. 092-63 Messrs. Stewart, Cunanan & Co. Certified Public Accountants P. O. Box 2288, Manila Gentlemen : In answer to your letter dated August 12, 1963, I have the honor to inform you that cottage industries within the purview of Republic Act No. 3470 are during the period of exemption tax-exempt industries and their products come within the purview of tax-free product, mentioned in Section 186-A of the Tax Code. Therefore, the cost of cottage products used in the manufacture of other articles is deductible in computing the sales tax due, on the finished articles pursuant to the aforesaid section of said Code. cdt Products manufactured by cooperatives under R.A. No. 2023 are during the period of exemption of such cooperatives also tax-exempt products, and, therefore, the cost of such products used in the manufacture of other articles is also deductible under the same section of the aforesaid Code. Very truly yours, (SGD.) RAMON T. OBEN Acting Commissioner of Internal Revenue The above ruling was duly signed by the Acting Commissioner of Internal Revenue on December 4, 1963. cdll (SGD.) AMBROSIO LINA Revenue Operations Head (Legal)