Importation of Aguinaldo Brothers & Co., Inc. of Surplus Equipment and Goods
BIR Ruling No. 199-60 • Bureau of Internal Revenue (BIR) Issuances • Rulings (Numbered) • May 18, 1960
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May 18, 1960 BIR RULING NO. 199-60 Mr. Angel M. Vecino Attorney-at-Law R-208 Martinez Bldg. Dasmarias, Manila S i r : In reply to your letter dated May 17, 1960, I have the honor to inform you that the importation of your client, the Aguinaldo Brothers & Co., Inc. of surplus equipment and goods, which are not for sale but for the use of that company and its sister companies, now pending release at the port of Davao City, is subject to the compensating and not sales tax. This is in consonance with B.I.R. Ruling No. 51, series of 1960. Very truly yours, (SGD.) MELECIO R. DOMINGO Commissioner of Internal Revenue
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