Guidelines on Release of Tax-exempt Importations
Revenue Memorandum Circular No. 18-74 • Bureau of Internal Revenue (BIR) Issuances • Revenue Memorandum Circulars • Mar 11, 1974
Full text
March 11, 1974 REVENUE MEMORANDUM CIRCULAR NO. 18-74 TO: All Internal Revenue Officials, Employees and others concerned For the information and proper guidance of all those concerned, there is quoted hereunder Department Memorandum Circular No. 11-74 of the Honorable, the Secretary of Finance dated February 22, 1974, which is self-explanatory: "DEPARTMENT MEMORANDUM CIRCULAR NO. 11-74 "MEMORANDUM TO: The Commissioner of Customs The Commissioner of Internal Revenue All Concerned "1.Effective immediately, all documents for release of tax-exempt importations shall be signed by the Undersecretary of Finance or by the Chief, Finance Revenue Service, Department of Finance, "By Authority of the Secretary." "2.Copies of all tax-exemption documents signed by the Chief, Finance Revenue Service, pursuant to the above authority, shall be furnished daily to the Undersecretary of Finance (Fiscal Affairs) for his review and appropriate action. "3.Non-routinary tax free importations, as well as borderline cases and cases of first impression shall continue to be referred to the Undersecretary of Finance for his action. "(SGD.) CESAR VIRATA "Secretary" MISAEL P. VERA Commissioner of Internal Revenue TAN-1601-593-5
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