Amendment to Section 4 of Revenue Regulations No. V-50 as Amended by Revenue Regulations No. V-59 Requiring the Display of Virginia Leaf Tobacco Samples of Different Standard Grades in the Warehouses of All Wholesale (L-3) Leaf Tobacco Dealers

January 15, 1959 REVENUE REGULATIONS NO. V-63 SUBJECT : Amendment to Section 4 of Revenue Regulations No. V-50 as Amended by Revenue Regulations No. V-59 Requiring the Display of Virginia Leaf Tobacco Samples of Different Standard Grades in the Warehouses of All Wholesale (L-3) Leaf Tobacco Dealers TO : All Internal Revenue Officers and Others Concerned Pursuant to the provision of Section 338, in relation to Section 4 (b) of Commonwealth Act No. 466, otherwise known as the National Internal Revenue Code, the following regulations amending Section 4 of Revenue Regulations No. V-59 are hereby promulgated and shall be known as Revenue Regulations No. V-63. SECTION 1. Section 4 of Revenue Regulations No. V-50 as amended by Revenue Regulations No. V-59 is hereby further amended to read as follows: Section 4. Limitation on the business of holders of L-3F, L-3R and L-4 permits. Holders of L-3F permits (FACOMAS) may purchase or receive flue-cured or sun-dried tobacco from bonafide tobacco planters only or from holders of L-4 permits, if the latter is a member of such FACOMAS, which flue-cured or sun-dried tobacco may be sold, or transferred only in favor of holders of L-3R permits; holders of L-3R permits may purchase or receive only flue-cured or sun-dried tobacco from holders of L-3F or L-4 permit, which flue-cured or sun-dried tobacco may be sold or transferred to cigarette manufacturers or any L-3 dealer; holders of L-4 permits may purchase or receive green leaf tobacco of their own production, which green leaf tobacco may be sold or transferred only to holders of L-3R permits after curing. All warehouses and/or buying stations of the FACOMAS and other wholesale leaf tobacco dealers engaged in buying locally-grown Virginia leaf tobacco should display conspicuously in their establishments the different grades of Virginia leaf tobacco to serve as standards in purchasing leaf tobacco from the planters. These samples shall be subject to the approval by the Bureau of Internal Revenue Tobacco Inspector assigned in the locality, and shall be kept in air-tight containers visible to the public and should be changed every fifteen (15) days. All leaf tobacco brought to a warehouse of a buyer by a tobacco planter shall be compared to the standards displayed in the warehouse. After such comparison, the grade of the leaf tobacco brought by the planter shall be determined immediately by the buyer and seller, and in case of disagreement between them, the matter shall be submitted to the tobacco inspector assigned in the district whose decision shall be final. At the end of the buying season the old samples should be turned over to the Bureau of Internal Revenue Tobacco Inspector assigned in the locality for safekeeping. For purposes of this section, wholesale leaf tobacco dealers (L-3, L-3F and L-3R) should submit together with the monthly transcript sheets as required in Regulations No. 17 of the Department of Finance, a certified statement showing the following: names and addresses of sellers; date of each transaction or sale; and the quantity in kilos of leaf tobacco purchased. This statement shall be accomplished in triplicate, the original to be attached to the monthly transcript sheet, one copy to be forwarded to the Deputy Provincial Treasurer and one copy to be retained by the wholesale leaf tobacco dealer concerned. TcADCI SECTION 2. Date of Effectivity. These regulations shall take effect upon its promulgation in the Official Gazette. JAIME HERNANDEZ Secretary of Finance RECOMMENDED BY: MELECIO R. DOMINGO Acting Commissioner of Internal Revenue