BIR Ruling No. 192-61
BIR Ruling No. 192-61 • Bureau of Internal Revenue (BIR) Issuances • Rulings (Numbered) • May 10, 1961
Full text
May 10, 1961 BIR RULING NO. 192-61 Mr. I. Que Lina Allied Metals Company 547 Misericordia St. Manila S i r : With reference to your letter dated April 22, 1961, I have the honor to inform you that the cost of locally purchased scrap metals worn out lead cable, battery lead and engraving zinc pates which have been previously subjected to advance sales tax when originally imported in the Philippines and used in the manufacture of lead products is deductible, for purposes of sales tax, from gross selling price of the articles manufactured therefrom. LexLib Very truly yours, (SGD.) MISAEL P. VERA Deputy Commissioner of Internal Revenue
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