Importation of Non-woven Nylon Tire Cord Used in Making of Bicycle Rubber-Tread Tires Subject to 10% Advance Sales Tax
BIR Ruling No. 201-85 • Bureau of Internal Revenue (BIR) Issuances • Rulings (Numbered) • Nov 12, 1985
Full text
November 12, 1985 BIR RULING NO. 201-85 199-a 000-00 201-85 Gentlemen : In reply to your letter dated October 24, 1985, please be informed that your importation of non-woven Nylon Tire Cord [sample attached] used by your corporation in the manufacture of bicycle rubber-tread tires is subject to the 10% advance sales tax based on the landed cost thereof plus 25% mark-up imposed by Section 199(a), in relation to Section 193(b) both of the Tax Code, as amended by Executive Order No. 883. Very truly yours, (SGD.) RUBEN B. ANCHETA Acting Commissioner
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