Computation of the Total Landed Cost of Imported Articles
BIR Ruling No. 231-59 • Bureau of Internal Revenue (BIR) Issuances • Rulings (Numbered) • Apr 29, 1959
Full text
April 29, 1959 BIR RULING NO. 231-59 Angel Jose Transportation, Inc. 3rd Floor, Guison Bldg. M a n i l a Gentlemen : In reply to your letter dated April 21, 1959 requesting the opinion of this Office as to whether or not the entire custom duty should be included in computing the total landed cost of imported articles although only 10% thereof was actually paid by a grantee of tax exemption under Republic Act 901, I have the honor to inform you that Circular Letter No. 3160 of the Department of Finance which specifically provides that the entire custom duty should be included in computing the total landed cost of the imported article, should be followed. cdtech Very truly yours, (SGD.) JOSE ARAAS Commissioner of Internal Revenue
Ask what this means for your situation
The assistant quotes the passage it relies on and links the source, so you can check every figure it gives you.