Taxes and customs duties.
Section 31
SEC. 31. Taxes and customs duties.—During the first five-year period following the granting of any lease, the permittee and/or lessee may import, free of customs and tariff duties, compensating tax, and such other taxes that may be imposed on importation, such equipment, machineries, instruments, accessories and spare parts, chemicals and supplies as may be certified by the Director of Mines to be essential to the operations of the permittee and/or lessee. These equipment, machineries, instruments, accessories and spare parts, chemicals and supplies, when no longer needed in the operation of the permittee and/or lessee, may be exported or returned to the point of origin without being subject to any export tax: Provided, That when such equipment, machineries, instruments, accessories and spare parts, chemicals and supplies are subsequently sold to any person not qualified under this law, the same shall be subject to tax. No exemption shall be allowed on goods imported by the permittee and/or lessee for his personal use or that of any other; nor for sale or for purposes other than for the exploration, for production and utilization of geothermal energy, natural gas and methane gas, and after any goods on which exemption has been allowed to be thus used or disposed of the permittee and/or lessee is obliged to make a report to that effect and to pay such duty or duties as due thereon.