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Chevron Philippines, Inc. vs. Commissioner of the Bureau of Customs

CHEVRON PHILIPPINES, INC., Petitioner, versus COMMISSIONER OF THE BUREAU OF CUSTOMS, Respondent.

G.R. No. 178759 | 2008-08-11

D E C I S I O N

CORONA, J.:

This is a petition for review on certiorari[1] of the decision[2] and resolution[3] of the Court of Tax Appeals (CTA) en banc dated March 1, 2007 and July 5, 2007, respectively, in CTA EB Nos. 121 and 122 which reversed the decision of the CTA First Division dated April 5, 2005 in CTA Case No. 6358.

Petitioner Chevron Philippines, Inc.[4] is engaged in the business of importing, distributing and marketing of petroleum products in the Philippines. In 1996, the importations subject of this case arrived and were covered by eight bills of lading, summarized as follows:

ARRIVAL

PRODUCT DATE VESSEL


66,229,960 liters Ex MT
...