Limitation of Tax Exemption Granted to Industrial Textiles Manufacturing Company
BIR Ruling No. 093-58 • Bureau of Internal Revenue (BIR) Issuances • Rulings (Numbered) • Feb 13, 1958
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February 13, 1958 BIR RULING NO. 093-58 Tax Service of the Philippines Floor Three, MRS Building Manila Gentlemen : In reply to your letter dated February 7, 1958, I have the honor to inform you that the 215 bags British Gum (Dextrine) imported by your client, the Industrial Textiles Manufacturing Company of the Philippines, Inc., which are not for sale but for use exclusively by the latter in connection with its manufacture of jute bags are subject only to the compensating tax prescribed by Section 190 of the Tax Code. Attention is invited to the fact that the certificate of tax exemption issued by the Secretary of Finance, pursuant to Republic Act No. 901, limits your client's importation of raw materials to raw jute fibers, kenaf fibers and sack sewing twines only. Such being the case, your client's importation of other raw materials is subject to tax. cdti Very truly yours, (SGD.) MELECIO R. DOMINGO Deputy Commissioner of Internal Revenue
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