Liberty Aviation Corp. v. Court of Appeals

FIRST DIVISION [G.R. No. 93856. December 3, 1990.] LIBERTY AVIATION CORPORATION , petitioner , vs . COURT OF APPEALS, ET AL. , respondents . NOTICE Gentlemen: Quoted hereunder, for your information, is a resolution of the First Division of this Court dated December 3, 1990 : After considering the petition, the comment thereon and the reply thereto, the Court finds that the respondent court committed no reversible error in affirming the decision of the Court of Tax Appeals refusing to discharge the re-export bond posted by the petitioner and holding that the exemption certificate issued by the Ministry of Finance did not cover the aircraft in question. The petitioner's "constructive re-exportation theory" is also rejected as contrary to public policy and conducive to tax evasion. ACCORDINGLY, the petition is DENIED. Very truly yours, VIRGINIA ANCHETA-SORIANO Clerk of Court