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Lim Hoa Ting Vs. Central Bank Of The Philippines 104 Phil 573

LIM HOA TING, plaintiff-appellee, vs. CENTRAL BANK OF THE PHILIPPINES, defendant-appellant.

G.R. No. L-10666 | 1958-09-24

D E C I S I O N


MONTEMAYOR, J.:

The facts of the present case are not in dispute. In fact, the decision of the lower court was rendered on the pleadings, after defendant Central Bank of the Philippines had made certain admissions and answers to written interrogatories filed by the plaintiff. Consequently, the appeal by defendant Central Bank of the Philippines comes direct to us.

As an importer, plaintiff-appellee Lim Hoa Ting paid the defendant Bank the amount of P650.26 and P1,526.23 on November 11, 1954 and April 5, 1955, respectively, or a total of P2,176.49, representing the 17 per cent exchange tax on the sale of foreign...