Back

Sy vs. Central bannk of the Phil.

GONZALO SY, doing business under the name and style of GONZALO SY TRADING, petitioner-appellant, vs. CENTRAL BANK OF THE PHILIPPINES, respondent-appellee.

G.R. No. L-41480 | 1976-04-30

D E C I S I O N

MARTIN, J:

This is an appeal from the decision of the Court of First Instance of Manila in its Civil Case No. 81051, which was certified to Us by the Court of Appeals on August 28, 1975, raising the question of whether or not petitioner-appellant's Special Import Permit granted by the Central Bank of the Philippines authorizing it to import fresh fruits from Japan on a "no-dollar" basis has already expired when it made the importation's under litigation.

The petitioner-appellant is a trading company engaged in the importation of fresh fruits like oranges, grapes, apples and lemons from the different parts of the world...