Rate of Compensating Tax on Importation of a Set of Negative Dryer and a Set of Vacuum Pump for Negative Dryer
BIR Ruling No. 107-85 • Bureau of Internal Revenue (BIR) Issuances • Rulings (Numbered) • Jul 3, 1985
Full text
July 3, 1985 BIR RULING NO. 107-85 199 (a) 000-00 107-85 Gentlemen : This refers to your letter dated May 15, 1985 requesting information on the applicable rate of compensating tax on your importation of one unit complete set of negative dryer and spare parts and one complete set of vacuum pump for negative dryer S/S Yi Kang V. 17, B/L No. KM-8 and KM-7, respectively. It is presented that this negative dryer is an equipment used solely and exclusively to remove the water content or moisture of the negative battery plates by means of heat and vacuum provided by this equipment. These negative plates are solely and exclusively used as a basis and major component in the assembly of lead-acid automotive batteries. In reply, please be informed that based on your representation and the evidence submitted, your said importation is subject to the 10% compensating tax prescribed by Section 199(a) in relation to Section 204 of the Tax Code, as amended. aisadc Very truly yours, (SGD.) RUBEN B. ANCHETA Acting Commissioner
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