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Visayan Cebu Terminal Co., Inc. vs. Commissioner Of Internal Revenue 121 Phil. 337

VISAYAN CEBU TERMINAL CO., INC., petitioner-appellant, vs. COMMISSIONER OF INTERNAL REVENUE, respondent-appellee.

G.R. Nos. L-19530 & L-19444 | 1965-02-27

D E C I S I O N 


PAREDES, J.: 

Pursuant to a Management Agreement entered into by and between the Bureau of customs and the Visayan Cebu Terminal Co., Inc., on June 24, 1957, after a public bidding, the latter as Contractor, was appointed the sole manager of the Arrastre Service at the Port of Cebu, covering import cargoes, including transit import cargoes. The salient features of the Management Agreement, pertinent to the case under consideration, are: 

"This agreement, made and entered into this 24th day of June, 1957, in the City of Manila, by and between the Bureau of Customs, in the exercise of the powers conferred upon it...