Shipment in Favor of the General Textiles, Inc. of One (1) Case of Spare
BIR Ruling No. 390-60 • Bureau of Internal Revenue (BIR) Issuances • Rulings (Numbered) • Sep 13, 1960
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September 13, 1960 BIR RULING NO. 390-60 1st Indorsement Returned to the Revenue Operations Executive (Assessment), the papers bearing on the query of the General textiles, Inc. If, as represented, the shipment in favor of the General Textiles, Inc. of ONE (1) case of spare is not intended for resale or barter but to be used to replace worn-out parts of the sucker sizing machine in its integrated textile mills, the said shipment is subject to the 7% compensating tax pursuant to section 190 in relation to section 186, both of the National Internal Revenue Code. LLjur (SGD.) MELECIO R. DOMINGO Commissioner of Internal Revenue
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