CTA Case No. 2487 (Decision)

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'C - CT N ._ 24 7 1 of all rein xchange rec ipt t h offici 1 arit.y Commi sioner f r of 2. oo . u. .. . doll r . nt rnal -. v nu v � oy 1 I t r c Lin � o � L 26806 . J ly 30, 1970, 34 e-�c1 9 . ) ;;;) . cti n 2 of Cir- cul-r o . 22 of the ntr 1 nk, dat M y 21 . 1 S3 1, rovid , inter. _!_!: re f t:r n - a re uire C.ircular bj ct o or n a c ntr 1 u( ) T n, or 1 r ct to1 d belonging to hilippine s s ts situ or bt PUCh ' ets r h.ld r .sid .:m , hilip in B nks or banki g through. in or in titutions ; 'X �� (c) n ction by h!ch in- rante cur , ckno �1 dges a or v s ~curi y or c r~sident either in P ilippi e currency; '~d) '\ ct by which residen or ere t th cCCOUnt of non-r� i in ny curr ncy r th ccount of a re 1dent in fo- r ign curre cy; XX XX . ( ) An oth r tr n actio "' involvin in- .� t rnati n l fin nci l 1m l i ti.on II s lon s th Central nk 0 tho Phil ppin bj Ct � all tr n action in gold n :for i x- c ng t lic~n i accor c l.th t e provi- ion o i n 74 of ublic ct O o 26 � t c ntr 1 n 1 in r pect of 11 a le~ of for i xch n9 by h.... aid ank and i tfi gent b nks, was

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CI o. 2 87 CT - 10 - proc s f hich . e to b p ied i financin th urch s broa 11 ui m t , , chinery a d c or! of s. A vane u d r id c dit r m nt r to re- 1 y p ti on r in ourte n ( 4) in t llm nt � co oino fro reb 31, 1974 . c t, in ur nee a frei t ~CIF)of shim nt co- v~r � try o � 6477- 3 ( "rot-et N � llOl) n r.a993- 3 (Prot .st. No . 111 ) r p id ro r~d t t in fro th oyndic te of ank in th nit d otat s . (P . 69, eTA r cord . ) � to th v-red 'Y Import �ntry tos . 5 26 - 60 .(Proto t o. l 6) , �os s-6o (P test o . lOS?) ,, 52207- 60 (Pro.. t t � 1102) . 1 7 - 60 (.Pr t . t No . 1103), '3951� 60 (Pr t� t o . l l 6) , 4438 ...Go {Prote t No . 1111) , 46 1�0-60 (Pr test o. lll.2) . 3 45-60 ( rotest o . 1115) . 408 - 60 ( rot t o . llb ) , 15380-61 ( rotest o . 1156) �n 1224 -61 {.rot st 09 11 a> . th p Y� t."nt. or the ftt f rticl involv w r . d ttrou b th e itt�nc of � 1 n :xcb ng pure a e in th Phili ,:>in n r .mit d to th ('J 1 r bro� f p ior to or t the ti of import 1on � ( � o, r cor ) / ith r sp ct to ran t on& os . l nd 2, it :Lght b to B y th in lin with th ordin ry our dh r nc to hie is r su d� in t a b nc of roof o t con ary --- u on p n grant th U. � Ollar loans of peti .- tin r y h e xport-tro ort n n of .wa.hington <~ I��" 'H~~ Cr it o t 1022-. - -n lv 2- o) nd he y ic te of L1 ') !""} 1 /.,., I

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