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Collector Of Internal Revenue Vs. American Rubber Company, Et Al. 117 Phil. 879

COLLECTOR OF INTERNAL REVENUE, petitioner, vs. AMERICAN RUBBER COMPANY, and the COURT OF TAX APPEALS, respondents.

G.R. No. L-10963 | 1963-04-30

D E C I S I O N


PAREDES, J.:

The American Rubber Co. owns a tract of land with the approximate area of 800 hectares, planted to rubber trees in Latuan, Isabela, City of Basilan (Exh. 7). Rubber trees were planted and cultivated on said plantation for the purpose of producing latex, which in turn is processed into rubber products in the following forms: (a) Preserved Latex (Exh. J), (b) Pale crepe No. 1 Exh. H), (c) Ribbed smoke sheet No. 1 (Exh. G), (d) Ribbed smoked sheet No. 2 (Exh. O), (e) Flat bark rubber (Exh. E), (f) 2X Brown crepe (Exh. M), (g) 3X Brown crepe (Exh. N) and (h) Pale crepe No. 2 and "Campo". The company sells these...