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Ang-Angco vs. Castillo 9 SCRA 619 or 118 Phil 1468

ISIDRO C. ANG-ANGCO, petitioner, vs. HON. NATALIO P. CASTILLO, ET AL., respondents.

G.R. No. L-17169 | 1963-11-30

D E C I S I O N 

BAUTISTA ANGELO, J.: 

On October 8, 1956, the Pepsi-Cola Far East Trade Development Co., Inc. wrote a letter to the Secretary of Commerce and Industry requesting for special permit to withdraw certain commodities from the customshouse which were imported without any dollar allocation or remittance of foreign exchange. Said commodities consisted of 1,188 units of pepsi-cola concentrates which were not covered by any Central Bank release certificate. On the same date, the company addressed an identical request to the Secretary of Finance who was also the Chairman of the Monetary Board of the Central Bank. Senator...