BC Customs Memorandum Order No. 11-96 (1996)

(NAR) VOL. 7 NO. 2 / APRIL-JUNE 1996

[ BC CUSTOMS MEMORANDUM ORDER NO. 11- 96, April 16, 1996 ]

RATE OF INTERNAL REVENUE DOCUMENTARY STAMPS EFFECTIVE JANUARY, 1996

Pursuant to Sections 187, 188 & 189 of the National Internal Revenue Code, as amended by Section 11, 12 and 13 of Republic Act 7660, respectively, the documentary stamps required for the following commonly issued by or submitted supporting papers to the Bureau of Customs effective January, 1996 shall be as follows: NIRC Effective January Documents Prior to Jan./1996 Section '96 187 Indemnity Bonds P0.10 on each four P0.30 on each four (Customs surety bonds) pesos or a fraction pesos or a fraction thereof of the premium thereof the charged premium charged 188 Certificates or P10.00 P15.00 documents issued as described in Sec. 188, NIRC Including Import Entry & Internal Revenue Declaration (IEIR), in addition to P250.00 as required in CAO 9-92), Import Entry Declaration (IED), etc. 189 Warehouse Receipts for P10.00 for every P15.00 for every property with a value warehouse receipt warehouse receipt exceeding two hundred pesos held in storage in a public/ private warehouse or yard for any other person other than the proprietor of the warehouse or yard Attached is the detail of Revenue Memorandum Circular No. 2-96 dated January 4, 1996. All concerned shall be guided accordingly. Adopted: 16 April 1996For the Commissioner:

(SGD.) LICERIO C. EVANGELISTA Deputy Commissioner