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Dev't Bank of the Phil. Vs. Court of Appeals etal.

DEVELOPMENT BANK OF THE PHILIPPINES, petitioner, vs. THE COURT OF APPEALS and THE COMMISSIONER OF CUSTOMS, respondents.

G.R. No. 86625 | 1989-12-22

R E S O L U T I O N


NARVASA, J.:

The Development Bank of the Philippines imported IBM computer equipment from the United States, and in connection therewith paid to the Bureau of Customs duties, compensating taxes and import processing fees in the aggregate sum of P5,562.00. It thereafter asked for a refund of the amount paid, invoking Section 4(6) of Executive Order No. 1087 (eff., Jan. 20, 1986). The Customs Commissioner refused to grant the refund, maintaining that the customs duties, taxes and fees had been correctly imposed and collected. 1

The DBP appealed to the Court of Tax Appeals, which on July 31, 1987 adjudicated the...