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1) Luzon Stevedoring Corporation imported engine parts and equipment for repairing its tugboats and paid compensating tax under protest, arguing tugboats qualify as "cargo vessels" for tax exemption purposes. 2) Both the CIR and CTA denied the tax refund claim, finding tugboats are designed for towing, not carrying goods or passengers. 3) The Supreme Court affirmed, holding tax exemptions must be strictly construed against the taxpayer and Luzon failed to meet the requirements that exempted articles be us

Author

temporiari

Language

EN