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Resins Incorporated vs. Auditor General Of The Philippines, Et Al.

RESINS INCORPORATED, petitioner, vs. AUDITOR GENERAL OF THE PHILIPPINES and THE CENTRAL BANK OF THE PHILIPPINES, respondents.

G.R. No. L-17888 | 1968-10-29

D E C I S I O N 


FERNANDO, J.: 

Petitioner here, as did petitioner in Casco Philippine Chemical Co., Inc. v. Gimenez, 1 would seek a refund 2 from respondent Central Bank on the claim that it was exempt from the margin fee under Republic Act No. 2609 for the importation of urea and formaldehyde, as separate units, used for the production of synthetic glue, of which it was a manufacturer. Since the specific language of the Act speaks of "urea formaldehyde", 3 and petitioner admittedly did import urea and formaldehyde separately, its plea could be granted only if we could construe the above provision of law to read "urea and...