Prescribing the Use of Revised Official Register Book (ORB) on Oil Manufacturing Operations and the Transcript Sheet (BIR Forms 261 and 261-T)

August 29, 1989 REVENUE MEMORANDUM ORDER NO. 41-89 SUBJECT : Prescribing the Use of Revised Official Register Book (ORB) on Oil Manufacturing Operations and the Transcript Sheet (BIR Forms 261 and 261-T) TO : All Internal Revenue Officers and Others Concerned I. Objectives: This Order is issued: A. To improve and simplify reporting system on excise tax collection from oil manufacturing operations acd B. To adhere to the Bureau's Cost Reduction Program by consolidating several forms and minimizing printing expenses; C. To update and streamline procedures for increased excise tax collection. II. Guidelines: 1. The following forms are hereby abolished with the revision of Official Register Book (BIR Form 261) and the Transcript Sheet on Oil Manufacturing Operations (as renumbered BIR Form 261-T): a. BIR Form 2.62 - Official Register Book - Production Account b. BIR Form 2.62-A - Transcript Sheet of the above ORB c. BIR Form 2.63 - Official Register Book - Sales Account acd d. BIR Form 2.63-A - Transcript Sheet of the above ORB e. BIR Form 2.64 - Official Register Book - Book Account f. BIR Form 2.64-A - Transcript Sheet of the above ORB g. BIR Form 2.65 - Official Register Book - Export Account h. BIR Form 2.65-A - Transcript Sheet of the above ORB i. BIR Form 2.66 - Official Register Book - Resume Account j. BIR Form 2.66-A - Transcript Sheet of the above ORB 2. The Transcript Sheet shall be prepared in 2 copies: a. Original - Oil & Miscellaneous Taxes Division b. Duplicate - file copy (Oil Company) 3. The policies and procedures in the issuance and compliance on the revised BIR Forms shall be in accordance with Sections 152, 153 and 157 to 160 of the National Internal Revenue Code and Sections 41 to 48 of Revenue Regulations 13-77 dated October 10, 1977. cd i III. Effectivity: This Order shall take effect immediately. (SGD.) JOSE U. ONG Commissioner of Internal Revenue TAN: 0522-C1831-A-9