VAT Ruling No. 093-90

April 27, 1990 VAT RULING NO. 093-90 103 (u)-00-000-093-90 Tradeways Customs Brokerage 232-A Myer's Building Port Area, Metro Manila Attention: Mr . Zigfredo A . Azupardo General Manager S i r s : This refers to your letter dated April 23, 1990 requesting, in behalf of your client, US Metal Industries Inc., exemption from the payment of VAT on its importation of 2 units generator (brand new), described as follows: 100 KVA and 200 KVA, Perkins Model T 6.354 c 2006 TGI, respectively, valued at C & F Manila US $ 37,600.00 (per B/L No. 302-1-23286). In reply, please be informed that on the basis of your client's BOI registration (No. MK-90-0045), its importation of capital equipment is exempt from taxes and duties pursuant to Article 39(c) of Executive Order 226 (Omnibus Investment Code) as certified by the Board of Investments under Certificate of Authority No. 10046 (dated January 30, 1990). Since this transaction is exempt under Special law, your client's importation of the abovecited articles is therefore exempt from the VAT pursuant to Section 103(u) of the Tax Code, as amended. aisadc Very truly yours, JOSE U. ONG Commissioner of Internal Revenue