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CA 466 Section 154

Storage of goods in internal-revenue bonded warehouse.

Section 154

SEC. 154. Storage of goods in internal-revenue bonded warehouse. — An internal-revenue bonded warehouse may be maintained in any. port of entry for the storing of imported or manufactured goods which are subject to a specific tax. The taxes on such goods shall be payable only upon removal from such warehouse, and a reasonable charge shall be made for their storage therein. The Collector of Internal Revenue may, in his discretion, exact a bond to secure the payment of the tax on any goods so stored.

Read the full instrument → · Open the chapter this section belongs to: CHAPTER I Articles Subject to Specific Tax →

Compiled from an official source version. Later amendments or repeals may not be reflected; the official text prevails. · Read the official text ↗

Source: Supreme Court E-Library, Republic of the Philippines. Philippine laws are public documents (works of the government).

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