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August 28, 2009VAT RULING NO. 012-09Recycling Corporation of the Philippines, Inc.1 Cherry StreetSan Juan, Taytay, Rizal Attention: Mr. Manuel N. LimPresidentGentlemen :This refers to your letter dated October 9, 2008, requesting that your corporation, Recycling Corporation of the Philippines, Inc., be exempted from the payment of value added tax imposed by Title IV of the 1997 National Internal Revenue Code (Tax Code). Based on the SEC registration papers you have attached to your request letter, your company is a domestic corporation, whose primary purpose is to engage in the manufacture, processing, production, smelting, refining and or alloying and in the trading, marketing or general merchandising, at wholesale or retail of iron ores, silica, lead, zinc, copper, antimony, tin and all kinds of ores, etc. Said company is registered with the Securities and Exchange Commission on November 14, 1995 under SEC Reg. No. AS095-001385. cAHITSIn reply, please be informed that a close perusal of your activities as have been authorized and registered with the SEC show that the same are undertakings which do not fall under...