Amendment to Section 5(c) of Revenue Regulations No. V-39, as Amended by Revenue Regulations No. V-41

March 13, 1956 REVENUE REGULATIONS NO. V-46 SUBJECT : Amendment to Section 5(c) of Revenue Regulations No. V-39, as Amended by Revenue Regulations No. V-41 TO : All Internal Revenue Officers and Others Concerned Pursuant to the provisions of Section 338, in relation to Section 4 (j) of Commonwealth Act No. 466, otherwise known as the National Internal Revenue Code, the following regulations amending 5 (c) of Revenue Regulations No. V-39, otherwise known as "The Tobacco Products Regulations" are hereby promulgated and shall be known as Revenue Regulations No. V-46. SECTION 1. Section 5 (c) of Revenue Regulations No. 39, as amended by Revenue Regulations No. V-41 is hereby further amended to read as follows: Section 5(c). Cancellation of internal revenue strip stamps affixed to manufactured products of tobacco . The cancellation of strip stamps shall be as follows: (1) On cigarettes : Internal revenue strip stamps of all kinds and denominations affixed to packages of cigarettes shall be cancelled by means of a rubber stamp or any cancelling machine approved by the Collector of Internal Revenue which shall leave a legible impression in ink of a quality likewise approved by the Collector of Internal Revenue showing the schedule, paragraph and assessment number of the manufacturer. Illustration: A-5-454 In lieu of the method just stated, the internal revenue stamp may also be cancelled by means of a perforating machine. The figures and letters of the cancellation thus prescribed shall be clearly and sharply outlined and suitably spaced for legibility and distinctness; and in cancelling stamps, especially those of small dimensions, the perforation must not be so large as to render it impossible to determine the genuineness, denomination, or the rate of the tax of stamps cancelled. STHDAc Packages of native cigarettes (cajetillas) duly affixed with internal revenue strip stamps should be wrapped in bundles or rolls of 100, 200 and 750's. All bundles shall be marked with the word "TAXPAID" with the initials of the factory manager and store-keeper. The marking may be done by means of a rubber stamp or by any similar device. (2) On cigars, chewing and smoking tobacco : Immediately after the affixture of internal revenue stamps of all kinds and denominations to the boxes, bundles and packages containing cigars, smoking and chewing tobacco, said stamps shall be cancelled by means of a rubber stamp or any cancelling machine approved by the Collector of Internal Revenue which shall leave on the stamp a legible impression in ink of a quality likewise to be approved by the Collector of Internal Revenue showing the schedule, paragraph and assessment number of the manufacturer and six distinct parallel wave lines extending at least 2 centimeters on each side of the stamp cancelled. In lieu of the method just stated, the internal revenue stamps may also be cancelled by a perforating machine. Immediately prior to the affixture of the stamps to the boxes, bundles, or packages containing cigars, smoking or chewing tobacco, there shall be printed thereon by perforation in one line running lengthwise, the schedule, paragraph and assessment number of the factory. Illustration: A-4-454 SECTION 2. Date of Effectivity. These regulations shall take effect upon promulgation in the Official Gazette. (SGD.) JAIME HERNANDEZ Secretary of Finance RECOMMENDED BY: (SGD.) SILVERIO BLAQUERA Collector of Internal Revenue