BIR Ruling No. 092-82
BIR Ruling No. 092-82 • Bureau of Internal Revenue (BIR) Issuances • Rulings (Numbered) • Mar 30, 1982
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March 30, 1982 BIR RULING NO. 092-82 199-a 000-00 092-82 (GAD) Guimaras Agricultural Development, Inc. Suite 200 Sarmiento Building Ayala Avenue, Makati, Metro Manila Attention: Mr . Ramon C . Barredo Executive Director Gentlemen : This refers to your letter dated March 10, 1982 requesting information as to the rate of tax applicable on your importation of machinery described as follows: "ONE COMPLETE SET BRAND NEW CASSAVA FLOUR GRINDING WASHING DRYING AND REFINING EQUIPMENT." It is represented that the aforesaid shipment which is covered by Bill of Lading No. KE-9 will be used by you in the manufacture of cassava based starch/flour for export and/or local use; that over 1,000 hectares of land has been planted in the island of Guimaras, Iloilo for the purpose of supplying the raw material requirement of the said plant which you intend to operate immediately after proper installation. cdtech In reply, please be informed that your importation of the abovementioned machinery which will be used by you in the manufacture of cassava based starch/flour is subject only to 10% compensating tax, pursuant to Section 204 of the Tax Code of 1977, as amended. However, if said imported machinery will be sold, bartered or exchanged, the same shall be subject to the advance sales tax. Very truly yours, RUBEN B. ANCHETA Acting Commissioner
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