Rate of Advance Sales Tax Payable on the Importation of P.I. Manufacturing Co., Inc.

September 23, 1960 BIR RULING NO. 420-60 The Eastern Brokerage Co., Inc. P. O. Box 81, Manila Gentlemen : Reference is made to your letter of the 26th instant, requesting a ruling on the rate of advance sales tax payable on the importation of your client, the P.I. Manufacturing Co., Inc., consisting of six (6) cases of brass valves or lavatory bubblers with built-in automatic stream control and 1-" I.P. tail piece. With your letter you submitted a sample of said importation, as well as a catalogue showing the use for which the imported articles are destined. In answer thereto, I have the honor to inform you that, it appearing that the aforesaid articles are parts of drinking fountains and not of any of the articles mentioned in section 185 of the Tax Code, particularly paragraph (f) thereof, the same are subject to the advance sales tax at the rate of 7% only. This serves as authority for the Commissioner of Customs, Manila, to effect the release of the importation in question upon prepayment of 7% advance sales tax. prcd Very truly yours, (SGD.) MELECIO R. DOMINGO Commissioner of Internal Revenue