Imported Stainless Steel Sheets Used Exclusively as Raw Materials in the Manufacture of the Essential Articles is Subject to 10% Advance Sales Tax
BIR Ruling No. 243-87 • Bureau of Internal Revenue (BIR) Issuances • Rulings (Numbered) • Aug 18, 1987
Full text
August 18, 1987 BIR RULING NO. 243-87 162 (c) 163 (2) (k) 000-00 243-87 Gentlemen : This refers to your letter dated August 10, 1987 requesting a ruling that your importation of 15 crates stainless steel sheets , contained in Bill of Lading No. K-1-M dated August 2, 1987 issued by the Everett Orient Lines, be subject to 10% advance sales tax based on your certification that the same shall be used as raw materials in the manufacture of kitchen sink, basin and the like. In reply, I have the honor to inform you that basic sanitary and plumbing fixtures like kitchen sink, basin and like-articles are considered essential articles. Accordingly, based on your certification that the aforesaid imported stainless steel sheets shall be used exclusively as raw materials in the manufacture of the said essential articles, the same is subject to 10% advance sales tax based on the total value used by the Bureau of Customs in determining tariff and customs duties including customs duties and other charges pursuant to Section 162 (c) in relation to Section 163 (2)(k) both of the Tax Code as amended by Executive Order No. 36 which took effect August 1, 1986. Very truly yours, (SGD.) BIENVENIDO A. TAN, JR. Commissioner
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