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Lu Do & Lu Ym Corporation Vs. Central Bank Of The Phil.

LU DO & LU YM CORPORATION, doing business under the trade name of Philippine Corn Products Company, plaintiff and appellant, vs. CENTRAL BANK OF THE PHILIPPINES, defendant and appellee.

G.R. No. L-13033 | 1960-05-31

D E C I S I O N


BARRERA, J.:

These two cases, one (G. R. No. L-13033) coming from the Court of First Instance of Manila, and the other (G.R. No. L-13701), from the Court of Tax Appeals, have, by agreement and request of the parties, been jointly submitted for deliberation and decision of this Court as they involve the same transaction (importation of empty cotton bags) and require the interpretation of the same law (Republic Act 35, as amended by Republic Act 901). The pertinent facts in both cases are not disputed.
Lu Do & Lu Ym Corporation, doing business under the trade name of Philippine Corn Products, Inc., is a domestic...