Procedure in Processing Applications for Release from Customs Custody of Imported Raw Materials for the Manufacture of Articles Subject to Specific Tax, Pursuant to Presidential Decree No. 909 Amending Section 183(b) of the National Internal Revenue Code, as Amended

November 29, 1976 REVENUE MEMORANDUM ORDER NO. 03-77 SUBJECT : Procedure in Processing Applications for Release from Customs Custody of Imported Raw Materials for the Manufacture of Articles Subject to Specific Tax, Pursuant to Presidential Decree No. 909 Amending Section 183(b) of the National Internal Revenue Code, as Amended TO : The Revenue Service Chief (Specific Tax), Chiefs of Manufactured Tobacco Tax Division, Alcohol Tax Division, and Gasoline and Miscellaneous Taxes Division, and Others Concerned In order to effectively implement the provisions of Presidential Decree No. 909 amending Section 183(b) of the National Internal Revenue Code, as amended, and achieve a uniform procedure in processing applications for release from customs custody of imported raw materials for the manufacture of articles subject to specific tax, the following guidelines are hereby issued for the strict adherence to by all concerned. All imported raw materials included in the lists prepared by the National Economic and Development Authority (NEDA) and furnished this Office with a letter, dated June 15, 1976, may be automatically exempted from the advance sales tax imposed under Section 183(b) of the Tax Code, as amended. Accordingly, the release from customs custody of importations of such raw materials included in the NEDA lists, and those which NEDA may subsequently include in their list or issue a corresponding certification thereon, shall be authorized without the prepayment of the advance sales tax imposed under Section 183(b). Consequently, all importations of raw materials not included in the NEDA list shall be allowed to be released from customs custody only upon prepayment to the customs authorities of the advance sales tax due thereon as a condition precedent to the release. For the guidance of all concerned, enclosed herewith and to form part of this Revenue Memorandum Order are copies of the NEDA letter, dated June 15, 1976, and the lists prepared by that Agency. All previous orders or instructions inconsistent herewith are hereby revoked, amended or modified accordingly. This Order shall take effect immediately. EFREN I. PLANA Acting Commissioner of Internal Revenue TAN-1456-040-3