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JurisprudenceG.R. No. 126634 -

G.R. No. 126634 - TRANSGLOBE INTERNATIONAL, INC., VS. COURT OF APPEALS AND COMMISSIONER OF CUSTOMS.D E C I S I O N - Supreme Court E-Library

Cited Laws

RA 581RA 298RA 640RA 394RA 519RA 905RA 379
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TL;DR — Ruling

WHEREFORE, the petition is GRANTED . The Decision of respondent Court of Appeals of 28 June 1996 sustaining the denial of the redemption of the forfeited shipment and the Resolution of 3 September 1996 denying reconsideration are SET ASIDE. The Decision of the Court of Tax Appeals of 27 June 1995 ordering respondent Commissioner of Customs to allow petitioner Transglobe International, Inc., to redeem the forfeited shipment upon payment of its domestic market value amounting to P1,300,132.

Decision

Ruling

WHEREFORE, the petition is GRANTED . The Decision of respondent Court of Appeals of 28 June 1996 sustaining the denial of the redemption of the forfeited shipment and the Resolution of 3 September 1996 denying reconsideration are SET ASIDE. The Decision of the Court of Tax Appeals of 27 June 1995 ordering respondent Commissioner of Customs to allow petitioner Transglobe International, Inc., to redeem the forfeited shipment upon payment of its domestic market value amounting to P1,300,132.04 is REINSTATED. SO ORDERED.