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PHILIPPINE ASSOCIATED SMELTING AND REFINING CORPORATION vsTHE HONORARLE COMMISSIONER OF INTERNAL REVENUE

PHILIPPINE ASSOCIATED SMELTING AND REFINING CORPORATION, Petitioner vs THE HONORARLE COMMISSIONER OF INTERNAL REVENUE, Respondent

CTA CASE NO. 4709 | 1995-02-13

REPUBLIC OF THE PHILIPPINES
COURT OF TAX APPEALS
QUEZON CITY



DECISION


This is a suit brought by the petitioner for the refund of an aggregate amount of P57,211.,166.78 representing the ad valorem and specific taxes alleged to have been paid on the petroleum products it purchased from Petrophil Philippines and Caltex Philippines Inc. covering the period November 1985 to December 31, 1990.

Petitioner, Philippine Associated Smelting and Refining Corporation (PASAR), is a domestic corporation engaged in the business of sme]ting and refining copper concentrates for the production and export of copper cathodes and related by-products. It is...