Amendment to Section 4 of Revenue Regulations No. V-7

August 2, 1962 REVENUE REGULATIONS NO. 04-62 SUBJECT : Amendment to Section 4 of Revenue Regulations No. V-7 TO : All Internal Revenue Officers and others concerned Pursuant to the provisions of section 338, in relation to section 4, of the National Internal Revenue Code, the following regulations amending section 4 of Revenue Regulations No. V-7, otherwise known as the Cigarette Paper Regulations, relating to sale or disposition of cigarette paper, are hereby promulgated and shall be known as Regulations No. 4-62 . SECTION 1. Section 4 of Revenue Regulations No. V-7 is hereby amended to read as follows: "Section 4. Authority to buy for use, sell or dispose of cigarette paper . Only duly registered cigarette manufacturers are authorized to buy cigarette paper from a permittee for use in their factories, but before effecting a sale, it shall be obligatory upon the seller of the cigarette paper to secure a written authority from the Commissioner of Internal Revenue, accompanied by a written confirmation of the buyer, duly signed by him or his duly authorized representative. The request for such authority shall specifically state the name and address of the buyer, and the number, brand and color of the bobbins or rolls and length of each in meters, which information shall likewise appear in the written authority issued by the Commissioner of Internal Revenue. Duly registered cigarette manufacturers may be authorized to sell a part, or all, of their cigarette papers procured above to other duly registered cigarette manufacturers, provided the conditions set forth above shall be complied with and, in both cases, an internal revenue officer authorized to represent the Commissioner of Internal Revenue is present at the time of the actual delivery of the cigarette paper from the vendor to the vendee. It shall be the duty of the internal revenue officer present during the actual delivery of the said cigarette paper to submit a written report to the Commissioner of Internal Revenue within twenty-four (24) hours from the actual receipt by the vendee of the said article, certifying to the effect that the authority granted to both the vendor and vendee has been duly complied with. Failure on the part of the vendor to secure the above authority from the Commissioner of Internal Revenue shall be sufficient cause for the cancellation of his permit or authority granted under section 11 of this regulations, without prejudice to any appropriate action under section 10 hereof. SECTION 2. This regulations shall take effect upon promulgation in the Official Gazette. aisadc JOSE B. LINGAD Acting Commissioner of Internal Revenue APPROVED: FERNANDO E. V. SISON Acting Secretary of Finance ATTACHMENT May 24, 1962 The Honorable The Acting Secretary of Finance M a n i l a S i r : I have the honor to forward herewith for approval proposed Revenue Regulations No. 4-62 amending Section 4 of Revenue Regulations No. V-7, otherwise known as the Cigarette Paper Regulations. The original provisions of Section 4 of Revenue Regulations No. V-7 consist solely of the first paragraph of the proposed amendatory regulations. The amendments consist, therefore, of the 2nd, 3rd and 4th paragraphs thereof. Principally, the amendment requires that deliveries of cigarette paper in bobbins between vendors and vendees should be made in the presence of an internal revenue officer and the latter required to submit a report thereof. This proposed amendment is the offshoot of a particular case wherein the buyer of the cigarette papers denied having received the same. The proposed amendment will, therefor, do away with recurrence of a similar case. cdll Very truly yours, JOSE B. LINGAD Commissioner of Internal Revenue August 6, 1962 The Director Bureau of Printing M a n i l a S i r : I have the honor to enclose herewith Revenue Regulations No. 4-62 dated May 24, 1962, with the request that said Regulations be published in the Official Gazette. cd Payment will be made on your bill upon its receipt by this Office. Very truly yours, JOSE B. LINGAD Acting Commissioner of Internal Revenue