Importation of Plastic Webbing Used in the Manufacture of Underwear Briefs Subject to 10% Advanced Sales Tax
BIR Ruling No. 098-85 • Bureau of Internal Revenue (BIR) Issuances • Rulings (Numbered) • Jun 25, 1985
Full text
June 25, 1985 BIR RULING NO. 098-85 199 (a) 000-00 098-85 Gentlemen : In reply to your letter dated November 27, 1984, please be informed that your importation of "Narrow Plastic Webbing in One Inch Width" to be used in the manufacture of underwear briefs is subject to the 10% advanced sales tax based on the landed cost thereof, plus 25% mark-up pursuant to Section 199 (a) in relation to Section 193(b), both of the Tax Code, as amended by Executive Order No. 983. Very truly yours, (SGD.) RUBEN B. ANCHETA Acting Commissioner
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