Taxability of Imported "Umbrella Handles, Umbrella Tips, Umbrella Caps and Umbrella Bands"
BIR Ruling No. 286-60 • Bureau of Internal Revenue (BIR) Issuances • Rulings (Numbered) • Jul 7, 1960
Full text
July 7, 1960 BIR RULING NO. 286-60 Saldana & Co., Inc. San Juan, Rizal Gentlemen : I have the honor to acknowledge receipts of your letter dated June 24, 1960 requesting information as to the taxability of imported "umbrella handles, umbrella tips, umbrella caps and umbrella bands", samples of which are enclosed therewith. In reply, I have the honor to inform you that, if as represented in your letter, you are a holder of an importer and manufacturer privilege tax receipts and that the aforesaid articles will be used in the manufacture of finished umbrellas, the above enumerated imported articles are subject only to the 7% advance sales tax, said tax to be computed on the total landed cost thereof plus 25% mark up, pursuant to the provision of section 183(b) in relation to section 186, both of the National Internal Revenue Code. Very truly yours, (SGD.) MISAEL P. VERA Deputy Commissioner of Internal Revenue
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