BIR Ruling No. 450-61
BIR Ruling No. 450-61 • Bureau of Internal Revenue (BIR) Issuances • Rulings (Numbered) • Dec 26, 1961
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December 26, 1961 BIR RULING NO. 450-61 In reply to your letter . . . , I have the honor to inform you that domestic denatured alcohol of not less than 180 degrees proof (90% absolute alcohol) used in refining gum copal but does not form part of the finished product as an ingredient thereof, is considered used in industry and therefore, exempt from the specific tax pursuant to Section 128 of the Tax Code. However, rectified alcohol, even if used for such propose, remains subject to the specific tax. LibLex
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