BENGUET CORPORATION v. COMMISSIONER OF INTERNAL REVENUE

REPUBLIC OF THE PH ILI PP INES COURT OF TAX A PEALS QUEZON C TV BENGUET CORPORATION, Pet i tioner, versus - C. T.A. CASE NO. 5532 COMM I SS : ONE R OF I NTERNAL REVENUE, Respondent . X- - - - - - - - - - DECISID ~his is a Petition for Review seeking fot� the tJs-&nre of tax credit certif:cates in ':;!1c ~�mount:: of P2,2.8,832.41 and P20~658,606.21 or an ag regate amJ~nt of 023,877, 438.62, represent~ng the alleged ex~es . npt�.w1- .l. VAT payments for the t~ird and Pet� t i onet� is a domestic corporation principal:y Ln~~ged in the mining bLsine�s. :t the Bureau of Internal Reven~e <BIR) as a Value-Added -ax <VAT) taxpayer wit~ VAT R~g:stration N0. 't , L~k wise , on May 1'388, it obtained from the BIR an approv.il of �t~ ~p~"ication ror zero-raL2 on its s.::.les of purs~ant to Section : 00 ( :=:) (A) of the -2-. x ~or the third quarter ended Se0te~ber 30, ::.'3'35, VA r-:~e�~ i�~: ion~.~t' .�-:i .ed i t s ~eturn w~th th~ 3IR on Octo~er

DEC I SION C.T.A. CASE NO. 5532 2 20 , 1995 reflectin~ �.::~ t o t a l V1~~tT out pt,t t E\X uf P5 5 182,424.50 and a tot a.~ 'JA~- J.np:.tt ta.x of the P1 9, 275~ 004. '~0, resulting in excess Input taxes in .::1.m ou.nt of P14 , 093,579.90 <Exhibit computed Dut put tax of Goods 19, :='7s. oo4. t+o Less: Input t.3x Do mestic Purchases +";.1 E, ') 1gs 1 .:t'" L,. ~ �� .:?:; FJll+ , \)':33 -: 57:".Ja ';;�)(~ Exces �"' ,-:;, n d S e �r' "' i c e s Importation goods 3 , C:8<) , 63C>Q 27 Input Ta;< In the same manner ~ for the 4th quarter ended Petitioner filed with the BIR its VAT r�et Ut'n Dn .Januar��y 1996 reflecting a total Input Ta x o f P22, 108~ 19 3.14 CExh. D-l). However' said Excess Input Tax of P22, 108, 193.14 was reduced to P�0,658, 605.21 upon the filing of its amended VAT return <Exhibit D) , com p uted as follows~ Out put Ta:< L ess: Input Tax Domestic Purchases of Goods <J.ncl S E:TV ices P 19 , ', .37, 753. 05 Importation of Goods 4,454,491.73 23, 892.244.79 E ;<: c: (;~ s s I n p u �t T a :-< P20., 658 , COS. 21 Accordingly, Petitioner filed with the One-Stop Shop Inter-Agency Tax Credit and Duty Drawback Center of the Department of Finance <DOF) separate applications for VAT tax credits <Exh. E and F) of its excess input taxes paid

DEC I SION C. T.A. CASE NO. 5532 3 in the amounts of P14,455,504.32 (Exh. E -1) anc~ P20,658,606.21 <Exh. F-ll, respectively. Both applications for VAT tax credits were not acted upon by the DOF within the sixty (60) day period counting from the date of their filing as mandated by Section 106 (e) o�r= the la:-< Code. Thus .1 on -..�une 18, 1'337~ Pet it�' on�?r' filed the instant Petition for Review to forestall the running of the prescriptive period for tax refunds or c:Tedits. In answer to the petition, Respondent raised the following Special and Affirmative Defenses: 3. Taxes paid and collected are deemed to have been made in accordance with law and pertinent existing BIR regulations; L~. C l a i ms f o t"' tax credit/refund are construed strictly against the claimants the�r'eof <::1.5 the~� at'e in t'12 nz.l.tUl'C! of exemption from payment of tax. Hence, it is i ncttmbent upon herein Petitioner to prove that it :i.�; entitled thereto. ~5ll La.stly, f.:'etitionet�� must prove that of it has complied with the Section 230 of the Tax Code. Upon the recommendation of the Tax Revenue Group of the Department of Finance, herein Respondent issued a tax credit certificate in the amount of granting a portion of Petiticner't claim which per~a1ns to the thir~d qual�~ter~ ended Septembe~' 30, 1':3':35. (Exhibit Th:i.s amount tJeing c:.-la.::.ml0d to P3,21B,B32.40) for the said period. Thus~ t h e Peti-;-;ion(~t'

DECISION - 4- C.T.A. CASE NO. 5532 c ."I. a1�m :i.n pr'ayed for�� thG remaining balance of the amount of Respondent 1 on the other' hand, posits that Petitioner is not entitled to the refund sought, �::;ince it failed to submit photocopies of export documents , and invoices or receipts evidencing the sale of the goods. Furthermore , Respondent avers that Petitioner failed to show proof that it has not applied its VAT input taxes to any tax l iabilities the s ucc c~ ed in g per' i oc'. (Rt"2spondent' s !Y!('i'!lW~ docl-<et p. 91) The sole issue to be resolved in the case at bat' 1 s whether or not Petitioner is entitled to a tax credit in amount of P23,877,438.62 representing it 5 excess input tax payments for the third and quarters of calendar year ended 1995. Quoted hereunder are the following pro v isions of the an d 1. 0 6 ( b ) f' r-� o m which Petitioner basi~ally anchors its claim, to wit: "S e ct i on 100. Val ue-added t ax on sale ot= g o ods at~ pt~opert i es . C:~.) Rc:::-de and bi-:!st� oF tax. There shall be levied, assessed and collected on every sale, barter or exchange of goods or properties~ a value-added tax equivalent to 10~ of the gross selling price or gross value in money of the goods or properties sold.1 bar'ter'ed or' <-:~xcha.nged , such tax to be paid by the sel l e r or transferor. X X X

DECISION C.T.A. CASE NO. 5532 - 5- (2) The following sa1es by VAT-registered persons shall be subjected to 0~: Lxpor�t r:.�dl f.J5. �-- )( ',I, )(. I! "Section 106 ~ Refunds or tax credit s of cr,editable input tax. - (c:d {.-lny '.JAi--�-r�c�gi�:;t,:2: Pd person , whose sales are zero-rated or y e f f e c t i v <'? 1 z e r' o --�rat e d may , w i t h i n t wo u:: ) years after the close of the t a xable quarter when the sad?S weT'2 m.:::.de, ao p lv for the i~:;suance of a. t .:n< cr�edit C(?r'tificate or� Y'E:.o=t~nd of creditable inout tax due or palo attributable to such salPs, except transitional input tax, to the extent that such input tax has not been applied against o utput tax ; Pro v ided, however, that in case of zero-rated sales undet� Section 1(l') (a) <~=::l (A) (i) ~ (ii) and (b) and section lO;=: (b) (l) ,::md u::l, the acceptable foreign currency exchange proceeds thereof had been duly accounted for in accordance with the regulations of the Bangko Serrtt-�al n~1 Pi 1 :i.pi.na5;" X X II (b) c:ap.ital goods.. A vnT ..�-�r�eoist('?l�'ed p erson ma y a p plv for the issuance of o tax credit certifica te or refund of in p ut taxes oaid on ca p ital g ood5 i moorted or locallv p urchased , to the extent that such in p ut taxes ha v e not been a pp lied aoainst out p ut taxe~. The application may be made only within two (2) years after the close of the taxable quar ter wh~:~n the impcn�tat :i.on ot� pw~cha�:;e wa~:; mad0~ .. " (Underscoring supplied ) In sum, these aforequoted pt� o v is ions a. to a i~por~ations are zero-rated to apply for the issuance of of :i. t s f~><C{::Ss input �~ ~:3. X p.:::~yment s. Thus, the following basic must be satisfied in order for refunds or tax input tax may be granted:

DECISION C.T. A. CASE NO. 5532 - 6- 1. That there be a sale of goods; 2. That the sale was made by a VAT-registered That the sale qualifies as export sale as d e f i n e d b .,, l a \-I :; 4. That the application of a tax credit or refund be made within two (2) years from the filing of the VAT quarterly return; That the fore1gn {~ xc~i-fctn g e p r�' o c e e d s of said exp o rt sales are pr~o pet�' l y accounted for' ::.n accordance with the regulations of the BSP; a~d That the input taxes have not been a.pplied against output taxes. A thorough and careful exam. 1. na+v- 1. on of all the documentary evidence presented by the Petitioner reveal that it substantially complied with all the fcwegoing thus, this Court is inclined to with the ratiocination raised by Respondent why the r''2 fund should be denied. and prescription has not yet set in the case at bar' since the Petition for Review was filed within the two-year period as prescribed under Section 230 in relation to Sections & ( !:J) 110 of the Tax Code. It cou.lci be recalled that Petitioner filed its quarterly VAT returns for the third anci fourth quarters of 1995 on October 20~ 1':395 and Januat'Y ;:::;::~, 1996, t'espectively CExh. C and D--1). The application for tax credit/refund of the VAT pai~ for the third and f ourth quarters were filed on September 4 1 1336 and November 6, . 8_. F�-1) in tht~ 1~ ::.-- .1.

DECISION C. T.A. CASE NO. 5532 - 7- and the Petition for Rev i e~<~ on Ju.n~::� 18~ 1997. Clearly, the claim for refund was filed well within the two-year mandatory period prescribed by law. As t�egar�ds the issue that Petitioner failed to show ~roof that it has n~t applied its VAT-input taxes to any t-E:l.X liabilities for the succeeding period, We answer in the negativE'. it ~s clear that Petitioner did not intend to apply and 1n~ut taxes to its output t a li 1 i. ,:J. b i. l i t i. P ~:~ for the succeeding quarter (Exh .. C e.. D>. On tht:: contrary, Petitioner really intended to seek the refund of all the exc?ss input VAT as evidenced by the blank spdce under box 20 of the VAT return as well as the filing of the instant action for refund. It should likewise be noted that Petitioner en~2ged . . t~e servic2s of an independent accounting firm to ' ll<::'.nCI.L e the period covered in the VAT claim. This Cocwt finds its report adequate. and the supporting documents such as summary of export sales remittances (E:-<hs. 0) and bank remittance advices <Exhs. 1-{�-1 . ' 0-1 to 0-35, l.nClU.SJ. _ve., disclc�;e �that the inward remittances of the currency ~roceeds cf Petit:i.onet�'s ~;ales of P524,954,512.40 for thE 3rd quarter and P429,954,236.3S for the fourth quarter of 1995 were accounted f C) t' in

DECISION C.T.A. CASE NO. 5532 - 8- -9.ccor'danc:e i'l:i.th tl1t:.� r"ult::)~'� D.nd �r'E:gul..:3.tions. of the Eanr~11-<o It wa s likewise 2ertified by SGV and Co. that Petiticner"s summary of Input the of :!.995 amounting to ~19,276,004.40 and P23,892,244.79, P, P-1 to P-186, Q, Q-1 to Q-104 inclusive) were properly supported by documents such as VAT invoices and officia.l receipts, in the case of local purchases and import entry declarations and customs official receipts, in the case SC!'J .:�:\nd Co. thE� .::..mount 0.;:: P698,489. 14 for the following reason as contained in their~ ~-~epot~t (Exhibit R, p. 2�-�3) FINDINGS 3t�d Quat�t et� 4th Quatter Tot a: 1. Input taxes on local pm�chases P103,357.99 P133,241.59 P2351599.68 of goods and services without supporting documents 87,594.13 46,219.70 133,813.83 2. Input taxes on locai purchases 40,600.15 t,040. 49 41,540.54 of goods and services supported 92,694.38 65,474.87 158, 159.25 only by photocopies of the Slppliet'S invoices and/ot' ORs 726.17 - NIL - 725. 17 ...7 Input taxes on local pun~hases cf goods and set�vices with suppot't:ng doc'Jients othet' than invoice and/or DRs 4. Input taxes claimed on putchases of goods and set�vices suppotted by non-VAT invoices and/ot' DRs ,,t:; Input taxes claimed or putchases of goods and services supported by invoices and/or ORs with typewritten hand wtitten TIN V

DECISION C.T.A. CASE NO. 5532 9- 6. Input taxe~ c:uitml on purchases 82,832.45 44,707. 12 127,539.57 of goods and services suppo:-ted ~407,805.27 P290,683.87 P698,489. 14 by invoices and/or DRs ~ssued not in the na;e of the co;pany T 0 T P. l Mot'eovet', pe�r'U',:;a l cl OCUIT! ("flC �:;: submitted such as Petitioner's Summary of Input Taxes the ~Jarters of 1995, suppl i e~��' s invoices/official receipts, declaL:ttions dnd POC dff.Lcial additional amount of ?1,269~848.17 for the third quarter of 1995 and P1,889,302.28 for the 4th quarter of 1995 should be disallowed. Verification of the invoices and receipts submitted some inherent defects that caused the disallowance of the amount claimed. The total amount of P743, 186.41 for the third quarter of 1995 and the total amount of ?1,200,007.51 for the fourth quarter of 1995 were disallowed because the invoice and official in the TIN number which is clearly not in accot'dance with the requirement specif:i\-,d in Revenue Memorandum Circular No. 63-91, thus: "Sect :i o-:~ 5 ( 3) ( b} � A 1:!. receipts/invoices to be printed subsequently shall contain t~e TIN, with the letter(s) "V" (fot' VAT r' e IJ i s t e r' e d ) a r' " N IJ " ( f o r' n o n - \/ (.:n t' e g i s t c~ r�� e d ) placed after the last digit of the TIN. This shall facilitate the determination of wh~ther the taxpayer' is VAT t'egisteJ""'ed or' not."

DECISION C.T.A. CASE NO. 5532 - 10 - Non-compliance with )'r ~nt .;.n~J the afor'eq�.� oted provis~0n is detr~mental '�:ht~ cl...:�.it:l i~\ d c: �-� l.: to the TIN number creates a ser'ious doubt as to ',l C '("C\C' it y ~�. nc:f tr'u.thfulne�js ; n�.�o:i.c�::!S ,0.nd s u !::> mi '; t e d . S i n c e the ~nvoices/receipts ~ere issued after 1991, Revenue Memorandum Circular No. 63-91 is applicable (see BIR Ruling UN-323-9-6-95). Th �.�� t'e �.:; t of th~- d~lount c-,:\imed f �1 t � �r' e f u n d v..; 2 ~' e :ikewi~e disa:lowed ~or the fo::~wi~g reasons~ ::;~ c' Q '-k"H !; e r' 0 f 199':5 a~ !.995 1. I.1vo.l::e and 01-~ ,.,..,"' � ss._wd under a different company name p;~~75, SOB. 9.3 Amount is unsuppor~ed b~ ;:::8, 339. '+8 P657, 203. ;:::o pertinent documents -~ The reported amGunt in �...}. the income is overstated 193.58 Th.: invoi,_.f~ 01 the r'eceipt !~ prirt2d wi~hout BIR p e r' mi t t o p t' i n t ( :i. n v i o ~- a-- tior of Sect:on 239 of the ]~50. 00 .,... The invoice or the ~eceipt has no TIN n u. mb ~~.- pt' ~- n :~ e c on it (in violation of S('ction 5(3) (a) o�f Rev. Memo. Circular No. 63-91) 126,953.58 6. The invoice or receipt is 95,215. l9 3;:::, 091. 57 without VAT number (in violation o~ Sect~on 108 of the Tax Code)

DECISION C.T.A. CASE NO. 5532 - 11 - H1~nce �) claim for refund o~ al:owable �nput VA7 tax credit in the ~~educed .:1.mount: of Pl9, S57, 87'.. S! computed a"' follov.s ~ Excess Input -ak Cred~ts c:aiaed b} etiticn er per VAT r�eturn: !JH, :)93,579. 9, 3rd quarter-1995 <Exh. Cl 20, 656, 60�. 21 4th quat�ter-1395 (Exh. Dl ?34, 752, :at..:~ !...ess: - ax Credit Certlfi:ate issuec by DOF (Eiih. Gl P1 :,235167!. 91 698,t89. 14 Disallowances ~er SGI.' repcrt (Exh. Rl 3,159, 150.45 r:ldd' ~. disallcwances fo und by th~ Court 3rd quarter-1995 (Ar.ne~ Al P1 126'31848.17 15,094,31!.50 4th quartet�-1995 (Annex BJ 1,889,302.28 P1'3,657,874. 6! Allowable Input Tax Ct�eC:it WHEREFORE.; u r (;. 1 :. Jv ' lt. for~ t e vi _w l .:) i�.er eby GRANTED, <Jnd l=(espande;}i is ORDERED t,o REFU D o\� �:a ISSUE a -Lc~>< c,-cc!. t in the �~educed amo._mt of P19,657,874.61 input \.!AT paymt?nt~> f,:n� the tr ~.)� c and fourth quarters of calendar year ended !995. SO ORDERED. /) ~ /, ~ /.- �, /I'W' //" I �->�OC>~co RAMON 0. DE VE R 1"\ � I I J '", Wr:. Cat'-!CU f~ . I I I I I I ~

DEC_SION C.T.A. CASE NO. 5532 - 12 - CE R~ I F I CnT J 0 N hereby certify that this decision was reached ~~ f 1:; e r d u c: c o n ~ : t ;_ t at i o n �.3. mo n g t h e 1;; e mb :? r' ~=� o f t h e C o '..n- t o f ~ax Ap~eal~ in accordance with Sec~iun 1:, Artic:2 V:II, of t~e Co 1stit~tion. s. .} !='t� e s i C i n 1�.. -~1 f:.1 r~�

ANNEXA BENGUET CORPORATION vs. CIR CTA CASE 5532 SCHEDU LE OF COURT'S DISALLOWANC ES ON CLAIM ED EXCESS INPUT TAXES- 3rd quarter - 1995 Supplier Acct. No. Reference Invoice Input Tax Reason for Disallowance Amount Claimed Invoice and/or OR w/ handwritten "V" in TIN# Guzman Printing Press 0251 0304 8 ,500 .00 772 .73 Invoice and/or OR w/ handwritten "V" in TIN# Omengan Cons!. & Dev. Corp . 0251 0621 1,602 ,517.77 145,683.43 Invoice and/or OR w/ handwritten "V" in TIN# Omengan Cons!. & Dev. Corp . 0251 0622 1,062 ,803.66 Invoice and/or OR w/ handwritten "V" in TIN# Omengan Cons!. & Dev. Corp . 0251 0625 96 ,618.51 Invoice and/or OR w/ handwritten "V" in TIN# Omengan Cons!. & Dev. Corp. 0251 0626 908 ,863.47 82 ,623.95 Invoice and/or OR w/ handwritten "V" in TIN# Omengan Cons!. & Dev. Corp. 0251 0617 945 ,756 .98 85 ,977.91 Invoice and/or OR w/ handwritten "V" in TIN# Omengan Cons!. & Dev. Corp. 0251 0618 1,290 ,660 .97 117 ,332 .82 Invoice and/or OR w/ handwritten "V" in TIN# Omengan Cons!. & Dev. Corp. 0251 0619 Invoice and/or OR w/ handwritten "V" in TIN# Omengan Cons!. & Dev. Corp. 0251 0620 30 ,549.32 2 ,777 .21 Invoice and/or OR w/ handwritten "V" in TIN# New Baguio Johnny Auto Supp 0252 6207 1,282,059 .89 116 ,550 .90 Invoice and/or OR w/ handwritten "V" in TIN# New Baguio Johnny Auto Supp 0252 6241 1,035 ,227.46 Invoice and/or OR w/ handwritten "V" in TIN# New Baguio Johnny Auto Supp 0252 6256 94,111 .59 Invoice and/or OR w/ handwritten "V" in TIN# New Baguio Johnny Auto Supp 0252 6289 105 .00 9.55 Invoice and/or OR w/ handwritten "V" in TIN# New Baguio Johnny Auto Supp 0252 6379 1,560 .00 Invoice and/or OR w/ handwritten "V" in TIN# New Baguio Johnny Auto Supp 0252 6380 1,560 .00 141 .82 Invoice and/or OR w/ handwritten "V" in TIN# New Baguio Johnny Auto Supp 0252 6438 141 .82 Invoice and/or OR w/ handwritten "V" in TIN# New Baguio Johnny Auto Supp 0252 6450 156 .00 Invoice and/or OR w/ handwritten "V" in TIN# New Baguio Johnny Auto Supp 0252 6451 380.00 14.18 750.00 34 .55 340.00 68 .18 2 ,700.00 30 .91 560.00 245.45 50.91 8,175,050.52 743,186.41 Olongapo Gas Corporation 1705 1634 3 ,700 .00 336.36 Invoice and/or OR issued under a diff co nam Olongapo Gas Corporation 1705 1613 1,850.00 168.18 Invoice and/or OR issued under a diff co nam Olongapo Gas Corporation 1705 1612 8 ,800 .00 800 .00 Invoice and/or OR issued under a diff co nam Olongapo Gas Corporation 1705 1633 11 ,000.00 1,000 .00 Invoice and/or OR issued under a diff co nam Philgerma Mfg ., Inc. 1705 663 34 ,170 .00 3,106.36 Invoice and/or OR issued under a diff co nam Philgerma Mfg. , Inc. 1705 662 85 ,600 .00 7,781.82 Invoice and/or OR issued under a diff co nam Philgerma Mfg. , Inc. 1705 665 37 ,110.00 3,373.64 Invoice and/or OR issued under a diff co nam Philgerma Mfg ., Inc. 1705 666 16,440.00 1,494.55 Invoice and/or OR issued under a diff co nam Mories Enterprises 1705 1025 5,460 .00 496 .36 Invoice and/or OR issued under a diff co nam Mories Enterprises 1705 1020 153,106.80 13 ,918.80 Invoice and/or OR issued under a diff co nam Mories Enterprises 1705 0946 1,425 .00 129.55 Invoice and/or OR issued under a diff co nam Mories Enterprises 1705 0948 8 ,795 .50 799 .59 Invoice and/or OR issued under a diff co nam Mories Enterprises 1705 1010 34 ,527 .00 3,138.82 Invoice and/or OR issued under a diff co nam Mories Enterprises 1705 1035 Invoice and/or OR issued under a diff co nam Mories Enterprises 1705 1006 240 .00 21 .82 Invoice and/or OR issued under a diff co nam Mories Enterprises 1705 1039 142 ,415 .20 12 ,946 .84 Invoice and/or OR issued under a diff co nam Mories Enterprises 1705 0950 Invoice and/or OR issued under a diff co nam Mories Enterprises 1705 1023 20 ,176 .00 1,834 .18 Invoice and/or OR issued under a diff co nam Mories Enterprises 1705 1017 1,260 .00 114.55 Invoice and/or OR issued under a diff co nam Mories Enterprises 1705 1027 Invoice and/or OR issued under a diff co nam Mories Enterprises 1705 0944 147,932.40 13,448.40 Invoice and/or OR issued under a diff co nam Mories Enterprises 1705 1029 36 ,036 .00 3 ,276 .00 Invoice and/or OR issued under a diff co nam Mories Enterprises 1705 1034 17,850 .00 1,622 .73 Invoice and/or OR issued under a diff co nam Mories Enterprises 1705 1041 695 .00 63 .18 Invoice and/or OR issued under a diff co nam Mories Enterprises 1705 1014 29 ,758 .50 2 ,705 .32 Invoice and/or OR issued under a diff co nam Mories Enterprises 1705 1047 5,200 .00 472 .73 Invoice and/or OR issued under a diff co nam Mories Enterprises 1705 0949 32 ,202.10 2,927.46 Invoice and/or OR issued under a diff co nam Mories Enterprises 1705 1049 62 ,244.00 5,658 .55 Invoice and/or OR issued under a diff co nam Mories Enterprises 1705 1004 42 ,134.40 3,830.40 Invoice and/or OR issued under a diff co nam Mories Enterprises 1705 1052 340 .00 30 .91 Invoice and/or OR issued under a diff co nam Mories Enterprises 1705 1003 9,542 .36 Invoice and/or OR issued under a diff co nam Mories Enterprises 1705 1054 104 ,966.00 5,956 .36 Invoice and/or OR issued under a diff co nam Mories Enterprises 1705 1018 65 ,520.00 58 . 18 Invoice and/or OR issued under a diff co nam Mories Enterprises 1705 1056 640 .00 5 ,787 .60 Invoice and/or OR issued under a diff co nam Mories Enterprises 1705 1021 63,663 .60 Invoice and/or OR issued under a diff co nam Mories Enterprises 1705 1060 13,022 .80 Invoice and/or OR issued under a diff co nam Mories Enterprises 1705 1059 143 ,250 .80 13 ,596 .80 Invoice and/or OR issued under a diff co nam Mories Enterprises 1705 1058 149 ,564 .80 Invoice and/or OR issued under a diff co nam Mories Enterprises 1705 1019 1,662 .73 Invoice and/or OR issued under a diff co nam Mories Enterprises 1705 1015 18 ,290 .00 13 ,100.69 Invoice and/or OR issued under a diff co nam 144 ,107.60 2409 265.00 15.27 168 .00 487 .27 5 ,360 .00 13 ,414 .80 147,562 .80 12,945 .93 142,405.20 1 of 3

ANNEXA BENGUET CORPORATION vs . CIR CTA CASE 5532 SCHEDULE OF COURT'S DISALLOWANCES ON CLAIMED EXCESS INPUT TAXES- 3rd quarter -1995 Supplier Acct. No. Reference Invoice Input Tax Reason for Disallowance Amount Claimed Invoice and/or OR issued under a diff co nam Maries Enterprises 1705 1030 312 .00 28 .36 Invoice and/or OR issued under a diff co nam Maries Enterprises 1705 0945 6 ,300 .00 572 .73 Invoice and/or OR issued under a diff co nam Maries Enterprises 1705 1026 57 ,204 .00 5 ,200 .36 Invoice and/or OR issued under a diff co nam Maries Enterprises 1705 1033 4,840 .00 440 .00 Invoice and/or OR issued under a diff co nam Maries Enterprises 1705 1031 72 ,700.00 6,609 .09 Invoice and/or OR issued under a diff co nam Maries Enterprises 1705 1046 106,271 .60 9,661 .05 Invoice and/or OR issued under a diff co nam Maries Enterprises 1705 1051 8,775.00 797.73 Invoice and/or OR issued under a diff co nam Maries Enterprises 1705 1055 130,388 .80 11 ,853 .53 Invoice and/or OR issued under a diff co nam Maries Enterprises 1705 0943 3,344.00 304 .00 Invoice and/or OR issued under a diff co nam Maries Enterprises 1705 1007 145 ,115.60 13,192.33 Invoice and/or OR issued under a diff co nam Maries Enterprises 1705 1008 25 ,116.00 2,283 .27 Invoice and/or OR issued under a diff co nam Maries Enterprises 1705 1028 93 ,228.00 8,475 .27 Invoice and/or OR issued under a diff co nam Maries Enterprises 1705 1013 69 ,360.00 6 ,305.45 Invoice and/or OR issued under a diff co nam Maries Enterprises 1705 1048 43 ,070.00 3,915.45 Invoice and/or OR issued under a diff co nam Maries Enterprises 1705 1036 Invoice and/or OR issued under a diff co nam Maries Enterprises 1705 1057 320 .00 29 .09 Invoice and/or OR issued under a diff co nam Maries Enterprises 1705 1012 4 ,835 .00 439 .55 Invoice and/or OR issued under a diff co nam Maries Enterprises 1705 1005 142 ,298.40 12 ,936 .22 Invoice and/or OR issued under a diff co nam Maries Enterprises 1705 1024 10,123.50 920.32 Invoice and/or OR issued under a diff co nam Maries Enterprises 1705 0947 48 ,628.50 4,420.77 Invoice and/or OR issued under a diff co nam Maries Enterprises 1705 1053 Invoice and/or OR issued under a diff co nam Maries Enterprises 1705 1016 861 .00 78 .27 Invoice and/or OR issued under a diff co nam Maries Enterprises 1705 1038 8 ,850 .00 804 .55 Invoice and/or OR issued under a diff co nam Maries Enterprises 1705 1011 92 ,633.10 8,421.19 Invoice and/or OR issued under a diff co nam Top Ace Bobokllrisan 39008 500 .00 45.45 no supporting document 30 ,192 .00 2,744.73 no supporting document no supporting document 200 .00 18.18 no supporting document no supporting document 3,031,698.20 275,608.93 no supporting document no supporting document Unic Hardware 1702 10186 3 ,080 .00 280 .00 no supporting document Skyland Brokerage 0261 18863 1,181 .18 107.38 no supporting document Collector of Customs SFLU 0263 F-071 -95 5 ,753 .00 523 .00 Collector of Customs SFLU 0263 AF-093 -95 80 ,630 .00 7 ,330 .00 Collector of Customs SFLU 0263 AF-096-95 194 ,480 .00 17,680.00 Northlander Gen . Mercantile 0645 75292 Top Ace Motor Works , Inc. 0645 3402 850 .00 77.27 Victoria Supermart 0645 11513 560 .00 50 .91 Gy Industrial Mills 1702 39007 330 .10 30 .01 24,870 .00 2 ,260 .91 311 ,734.28 28 ,339.48 International Container, Inc. 0450 1045617 1,042 .08 94 .73 reported amount is overstated International Container, Inc. 0450 1045618 1,042 .08 94 .73 reported amount is overstated International Container, Inc. 0450 1101696 reported amount is overstated 45 .21 4.11 2,129 .37 193.58 Cuervo Appraisers 1701 17885 3,850 .00 350 .00 Invoice and/or OR w/o BIR permit to print 3,850 .00 350.00 Buntak Mines, Inc. 1705 58 258 ,173.14 23,470.29 Invoice and/or OR w/o TIN# Buntak Mines, Inc. 1705 57 252 ,376.30 22 ,943.30 Invoice and/or OR w/o TIN# Buntak Mines, Inc. 1705 56 244,232 .29 22 ,202 .94 Invoice and/or OR w/o TIN# Mose Angala , Ent. , Inc. 1705 0480 204 ,558.80 18,596 .25 Invoice and/or OR w/o TIN# Mose Angala , Ent. , Inc. 1705 0478 202 ,610.33 18 ,419 . 12 Invoice and/or OR w/o TIN# Mose Angala , Ent. , Inc. 1705 0477 234 ,538 .55 21 ,321 .69 Invoice and/or OR w/o TIN# 1,396,489.41 126,953 .58 2 of 3

A NN E X A BENGUET CORPORATION vs. CIR CTA CASE 5532 SCHEDULE OF COURT'S DISALLOWANCES ON CLAIMED EXCESS INPUT TAXES - 3rd quarter -1995 Supplier Acct. No. Reference Invoice Input Tax Reason for Disallowance Amount Cla i med SPGSI 1705 4 111 ,544.87 10,140.44 Invoice and/or OR without VAT Number SPGSI 1705 53 118,981 .20 10,816.47 Invoice and/or OR without VAT Number SPGSI 1705 61 128 ,646 .90 11 ,695.17 Invoice and/or OR without VAT Number SPGSI 1705 54 128 ,646 .90 11 ,695.17 Invoice and/or OR without VAT Number SPGSI 1705 60 137,223 .36 12 ,474 .85 Invoice and/or OR without VAT Number SPGSI 1705 62 128,646 .90 11 ,695 .17 Invoice and/or OR without VAT Number VAC-CAP Marketing 1705 992 Invoice and/or OR without VAT Number RVT Merchandising 0349 09949 14,000 .00 1,272 .73 Invoice and/or OR without VAT Number Pilipinas Shell Petroleum 0452 13319 688.00 62 .55 Non-VAT Invoice Pilipinas Shell Petroleum 0452 13555 Non-VAT Invoice Jubilee Pub. House , Inc. 0632 084 67 ,509.00 6 , 137 .18 Invoice and/or OR without VAT Number Manila Pest Control 0642 1763 84 ,345 .00 7,667 .73 Invoice and/or OR without VAT Number Pines Royal Enterprises 0645 10746 Invoice and/or OR without VAT Number Pines Royal Enterprises 0645 10745 7,356 .00 668 .73 Invoice and/or OR without VAT Number Pines Royal Enterprises 0645 10744 2,260 .00 205.45 Invoice and/or OR without VAT Number Pines Royal Enterprises 0645 10779 8,695 .00 790.45 Invoice and/or OR without VAT Number Pines Royal Enterprises 0645 10786 1,360 .00 123.64 Invoice and/or OR without VAT Number Pines Royal Enterprises 0645 10812 1,700 .00 154.55 Invoice and/or OR without VAT Number Pines Royal Enterprises 0645 10851 Invoice and/or OR without VAT Number Pines Royal Enterprises 0645 10782 390 .00 35.45 Invoice and/or OR without VAT Number Pines Royal Enterprises 0645 10824 2,040 .00 185.45 Invoice and/or OR without VAT Number Pines Royal Enterprises 06 45 10733 13,690 .00 1,244 .55 Invoice and/or OR without VAT Number Pines Royal Enterprises 0645 10667 1,600.00 145.45 Invoice and/or OR without VAT Number Pines Royal Enterprises 0645 10599 Invoice and/or OR without VAT Number Pines Royal Enterprises 0645 10649 945 .00 85 .91 Invoice and/or OR without VAT Number Pines Royal Enterprises 0645 10514 600 .00 54 .55 Invoice and/or OR without VAT Number Pines Royal Enterprises 0645 10650 28,305 .00 2,573 .18 Invoice and/or OR without VAT Number Pines Royal Enterprises 0645 10674 18 ,500.00 1,681 .82 Invoice and/or OR without VAT Number Pines Royal Enterprises 0645 10676 1,600 .00 145.45 Invoice and/or OR without VAT Number 455 .00 41 .36 GRAN D TOTAL: 130 .00 11 .82 520 .00 47 .27 18,500 .00 1,681 .82 18 ,500.00 1,681 .82 1,047 ,378.13 95 ,216 .19 13,968,329.91 1,269,848.17 3 of 3

ANN EX B BENGUET CORPORATION vs. CIR CTA CASE 5532 SCHEDULE OF COURT'S DISALLOWANCES ON CLAIMED EXCESS INPUT TAXES � 4th quarter � 1995 Supplier Acct. No. Reference Invoice Input Tax Reason for Disallowance Amount Claimed Omengan Const. & Dev. Corp . 0251 0631 832,592 .09 7 5,690 .19 Invoice and/or OR w/ handwritten "V" in TIN# Omengan Const. & Dev. Corp . 0251 0632 184 ,397.47 16,763.41 Invoice and/or OR w/ handwritten "V" in TIN# Omengan Const. & Dev. Corp . 0251 0634 2,303 ,093 .18 209 ,372 .11 Invoice and/or OR w/ handwritten "V" in TIN# Omengan Canst. & Dev. Corp. 0251 0635 Invoice and/or OR w/ handwritten "V" in TIN# Omengan Canst. & Dev. Corp. 0251 0636 93 ,631.01 8,511.91 Invoice and/or OR w/ handwritten "V" in TIN# Omengan Canst. & Dev. Corp. 0251 0637 3 ,414 ,056 .56 310 ,368.78 Invoice and/or OR w/ handwritten "V" in TIN# Omengan Canst. & Dev. Corp. 0251 0638 1,498 ,299 .85 136 ,209.08 Invoice and/or OR w/ handwritten "V" in TIN# Omengan Canst. & Devt. Corp . 0251 0627 3 ,154 ,277 .23 286 ,752.48 Invoice and/or OR w/ handwritten "V" in TIN# Omengan Canst. & Devt. Corp . 0251 0628 Invoice and/or OR w/ handwritten "V" in TIN# Omengan Canst. & Devt. Corp . 0251 0629 42 ,150.58 3,831 .87 Invoice and/or OR w/ handwritten "V" in TIN# Omengan Canst. & Devt. Corp . 0251 0630 1' 106,792.26 100,617.48 Invoice and/or OR w/ handwritten "V" in TIN# New Baguio Johnny Auto Supp 0252 6578 Invoice and/or OR w/ handwritten "V" in TIN# New Baguio Johnny Auto Supp 0252 6614 8 ,513 .7 7 773.98 Invoice and/or OR w/ handwritten "V" in TI N# New Baguio Johnny Auto Supp 0252 6629 539 ,893 .66 49 ,081.24 Invoice and/or OR w/ handwritten "V" in TIN# New Baguio Johnny Auto Supp 0252 6749 Invoice and/or OR w/ handwritten "V" in TIN# New Baguio Johnny Auto Supp 0252 6765 360 .00 32 .73 Invoice and/or OR w/ handwritten "V" in TIN# New Bagu io Johnny Auto Supp 0252 6783 75.00 6.82 Invoice and/or OR w/ handwritten "V" in TIN# New Baguio Johnny A uto Supp 0252 6727 Invoice and/or OR w/ handwritten "V" in TIN# New Baguio Johnny Auto Supp 0252 6851 110 .00 10.00 Invoice and/or OR w/ handwritten "V" in TIN# New Baguio Johnny Auto Supp 0252 6850 405 .00 36 .82 Invoice and/or OR w/ handwritten "V" in TIN# New Baguio Johnny Auto Supp 0252 6933 2,660 .00 241 .82 Invoice and/or OR w/ handwritten "V" in TIN# New Baguio Johnny A uto Supp 0252 6772 270 .00 24 .55 Invoice and/or OR w/ handwritten "V" in TIN# New Baguio Johnny A uto Supp 0252 7024 150 .00 13.64 Invoice and/or OR w/ handwritten "V" in TIN# New Baguio Johnny Auto Supp 0252 7117 165 .00 15.00 Invoice and/or OR w/ handwritten "V" in TIN# New Baguio Johnny Auto Supp 0252 7118 100 .00 Invoice and/or OR w/ handwritten "V" in TIN# New Baguio Johnny Auto Supp 0252 7164 7,400 .00 9.09 Invoice and/or OR w/ handwritten "V" in TIN# New Baguio Johnny Auto Supp 0252 7165 2,950 .00 672 .73 Invoice and/or OR w/ handwritten "V" in TIN# Pines Royal Enterprises 0252 10879 270 .00 268 .18 Invoice and/or OR w/ handwritten "V" in TIN# Pines Royal Enterprises 0252 10957 150 .00 Invoice and/or OR w/ handwritten "V" in TIN# Pines Royal Enterprises 0252 10765 590 .00 24 .55 Invoice and/or OR w/ handwritten "V" in TIN# 1,950.00 13.64 2 ,320.00 53 .64 1,320 .00 177.27 1,010.00 210 .91 130.00 120.00 91 .82 11 .82 13,200,082.66 1,200,007.51 Glennwood Commercial 1702 16395 238 ,000 .00 21 ,636.36 no supporting document Glennwood Commercial 1702 16398 18,487 .00 1,680 .64 no supporting document Pilipinas Shell Petroleum 1702 50230 34 ,151 .15 3 ,104 .65 no supporting document Pilipinas Shell Petroleum 1702 50234 8,909.23 809.93 no supporting document Pilipinas Shell Petroleum 1702 50235 28 ,799.32 2 ,618.12 no supporting document Pilipinas Shell Petroleum 1702 50237 22 ,499.40 2 ,045.40 no supporting document Pilipinas Shell Petroleum 1702 50260 14,972 .54 1,361 .14 no supporting document Pilipinas Shell Petroleum 1702 50397 5,989.02 54 4 .46 no supporting document Pilipinas Shell Petroleum 1702 50432 43 ,198.98 3,927 .18 no supporting document System City 1702 33 ,000.00 3,000 .00 no supporting document Trackstar Enterprise 1702 052 2,850.00 259 .09 no supporting document VF Industrial Sales 1702 2491 8,611 .10 782 .83 no supporting document Aldril Pharmaceutical , Inc. 1705 138083 38 ,314 .30 3,483 .12 no supporting document Ald ril Pharmaceutical , Inc. 1705 1571 39,612 .50 3,601 .14 no su pporting document Buntak Mines, Inc. 1705 1576 no supporting document Buntak Mines, Inc. 1705 247,323.56 22 ,483 .96 no supporting document Buntak Mines, Inc. 1705 59 325 ,918.41 29 ,628 .95 no supporting document Central Luzon Zexel Service Ctr. 1705 61 304 ,302.71 27 ,663 .88 no supporting document Central Luzon Zexel Service Ctr. 1705 60 no supporting document Central Luzon Zexel Service Ctr. 1705 499 1,390 .00 126.36 no supporting document Central Luzon Zexel Service Ctr. 1705 468 6,990 .00 635.45 no supporting document Central Luzon Zexel Service Ctr. 1705 339 no supporting document Central Luzon Zexel Service Ctr. 1705 320 420 .00 38 . 18 no supporting document Central Luzon Zexel Service Ctr. 1705 340 420.00 38 . 18 no supporting document Central Luzon Zexel Service Ctr. 1705 321 420 .00 38 . 18 no supporting document Central Luzon Zexel Service Ctr. 1705 471 420 .00 38 .18 no supporting document Central Luzon Zexel Service Ctr. 1705 497 930 .00 84 .55 no supporting document Central Luzon Zexel Service Ctr. 1705 469 3,435 .00 312 .27 no supporting document Citi Motors, Inc. 1705 498 390.00 35.45 no supporting document 470 860.00 78 . 18 208195 6,945 .00 631 .36 206 .55 18.78 1 of 4

ANNEX B BENGU ET CORPORATION vs. CIR CTA CAS E 5532 SCHEDULE OF COURT'S DISALLOWANCES ON CLAIMED EXCESS INPUT TAXES- 4th quarter -1995 Supplier Acct. No. Reference Invoice Input Tax Reason for Disallowance Amount Claimed Citi Motors , Inc. 1705 302975 905 .30 82 .30 no supporting document Citi Motors, Inc. 1705 157276 698 .75 63 .52 no supporting document Canst. Elect'l & Fishing Supply 1705 73887 no supporting document Dagupan Air Product 1705 23721 70 .00 6.36 no supporting document Dagupan Air Product 1705 23852 9 ,750 .00 886 .36 no supporting document Dy Auto Supply & Hardware 1705 36396 8 ,200 .00 745.45 no supporting document Dy Auto Supply & Hardware 1705 37412 no supporting document Dy Auto Supply & Hardware 1705 36393 535 .70 48 .70 no supporting document Dy Auto Supply & Hardware 1705 36395 1,400.00 127.27 no supporting document Dy Auto Supply & Hardware 1705 36394 no supporting document Dy Auto Supply & Hardware 1705 36400 721.00 65 .55 no supporting document Dy Auto Supply & Hardware 1705 36392 1,080 .00 98 .18 no supporting document Dy Auto Supply & Hardware 1705 36391 2 ,330.00 211 .82 no supporting document Dy Auto Supply & Hardware 1705 36403 1,320 .00 120 .00 no supporting document Dy Auto Supply & Hardware 1705 37225 1,000 .80 90 .98 no supporting document Dy Auto Supply & Hardware 1705 36389 1' 147.50 104 .32 no supporting document Dy Auto Supply & Hardware 1705 37655 14.55 no supporting document Farmacia Castillo & Gift Shop 1705 160.00 656 .18 no supporting document Farmacia Castillo & Gift Shop 1705 6802 7,218 .00 774 .96 no supporting document Farmacia Castillo & Gift Shop 1705 6801 8,524 .60 140 .00 no supporting document Farmacia Castillo & Gift Shop 1705 6821 1,540 .00 no supporting document Farmacia Castillo & Gift Shop 1705 6808 8.18 no supporting document Farmacia Castillo & Gift Shop 1705 6820 90.00 61 .14 no supporting document Farmacia Castillo & Gift Shop 1705 6819 672.50 65 .50 no supporting document Farmacia Castillo & Gift Shop 1705 6809 720 .50 35.45 no supporting document Farmacia Esperanza 1705 6805 390 .00 58 .18 no supporting document Felson Auto Supply 1705 3309 640.00 40.00 no supporting document Flormas Marketing 1705 11563 440 .00 48 .36 no supporting document Flormas Marketing 1705 4078 532 .00 39.45 no supporting document Frenzel's Hardware & Const Supp 1705 4061 434 .00 84 .91 no supporting document Frenzel's Hardware & Const Supp 1705 36665 934 .00 131 .82 no supporting document Frenzel's Hardware & Const Supp 1705 36803 1,450 .00 544.00 no supporting document FSN Commercial Ent. 1705 36802 5,984 .00 3 ,364.55 no supporting document Geometric Construction Supply 1705 446 37 ,010 .00 36 .36 no supporting document Geometric Construction Supply 1705 2521 400 .00 40 .91 no supporting document Geometric Construction Supply 1705 2513 450 .00 350 .00 no supporting document Geometric Construction Supply 1705 2515 3,850 .00 70 .91 no supporting document Geometric Construction Supply 1705 2510 780 .00 7 ,240 .91 no supporting document Geometric Construction Supply 1705 25111 79 ,650 .00 6 ,956 .82 no supporting document Geometric Construction Supply 1705 2516 76 ,525 .00 7 ,734.09 no supporting document Geometric Construction Supply 1705 2522 85 ,075 .00 8 ,550.98 no supporting document Geometric Construction Supply 1705 1431 94 ,060 .80 6,661 .36 no supporting document Geometric Construction Supply 1705 1432 73 ,275 .00 7 ,390 .91 no supporting document Geometric Construction Supply 1705 2523 81 ,300.00 7 ,070.45 no supporting document Geometric Construction Supply 1705 2512 77,775 .00 331 .27 no supporting document Geometric Construction Supply 1705 2509 3,644 .00 1,468 .50 no supporting document Geometric Construction Supply 1705 1426 16 ,153 .50 7,602 .27 no supporting document Geometric Construction Supply 1705 2514 83 ,625 .00 7 ,127 .27 no supporting document Geometric Construction Supply 1705 2507 78,400 .00 8,032 .58 no supporting document Geometric Construction Supply 1705 1433 88 ,358.40 414 .55 no supporting document Geometric Construction Supply 1705 1430 4 ,560 .00 7,384 .09 no supporting document Geometric Construction Supply 1705 1429 8 ,796.42 no supporting document Geometric Construction Supply 1705 2519 81225 1,155.45 no supporting document Geometric Construction Supply 1705 2517 96 ,760.60 40 .27 no supporting document Mac-Ber Auto Supply 1705 2520 12 ,710.00 35 .24 no supporting document Mainline Auto Supply 1705 17696 7 ,495.45 no supporting document Mercury Drug Corporation 1705 761889 443.00 7 ,636 .36 no supporting document Mercury Drug Corporation 1705 423580 387 .60 7,211 .36 no supporting document Mercury Drug Corporation 1705 423573 82,450 .00 no supporting document Mercury Drug Corporation 1705 424531 84,000 .00 9.73 no supporting document Mercury Drug Corporation 1705 424646 79 ,325 .00 190.91 no supporting document Mercury Drug Corporation 1705 421492 107.00 no supporting document 421339 2,100.00 12.52 137.75 26 .95 296.45 10.34 113 .75 5.68 62 .50 23 .18 255 .00 11 .23 123.50 2 of 4

ANNEX B BENGUET CORPORATION vs. CIR CTA CASE 5532 SCHEDULE OF COURT'S DISALLOWANC ES ON CLAIMED EXCESS INPUT TAXES- 4th quarter- 1995 Supplier Acct. No. Reference Invoice In put Tax Reason for Disallowance Amount Claimed Mercury Drug Corporation Mercury Drug Corporation 1705 628433 64.60 5.87 no supporting document Maries Enterprises 1705 423610 105.10 9.55 no supporting document Maries Enterprises 1705 24 ,860.00 2,260.00 no supporting document Maries Enterprises 1705 1123 138 ,060 .00 12 ,550 .91 no supporting document Maries Enterprises 1705 1121 59 ,472 .00 5,406 .55 no supporting document Maries Enterprises 1705 1128 144 ,596 .00 13,145.09 no supporting document Maries Enterprises 1705 1134 145,860 .00 13 ,260 .00 no supporting document Maries Enterprises 1705 1130 745 .00 67 .73 no supporting document Maries Enterprises 1705 1050 138 ,692.40 12,608 .40 no supporting document Maries Enterprises 1705 1140 61 ' 152.00 5,559 .27 no supporting document Maries Enterprises 1705 1135 81 ,312.00 7,392 .00 no supporting document Maries Enterprises 1705 1137 126.00 11.45 no supporting document Maries Enterprises 1705 1099 114 ,478.00 10,407 .09 no supporting document Maries Enterprises 1705 1129 213 ,421 .00 19 ,401.91 no supporting document Maries Enterprises 1705 1105 78 ,000.00 7,090 .91 no supporting document Maries Enterprises 1705 1131 121 ,965.60 11 ,087.78 no supporting document Maries Enterprises 1705 1120 15 ,576 .00 1,416 .00 no supporting document Maries Enterprises 1705 1119 3,140.00 285.45 no supporting document Maries Enterprises 1705 1089 135 ,830 .00 12 ,348 .18 no supporting document Maries Enterprises 1705 1122 55 ,410 .00 5,037 .27 no supporting document Maries Enterprises 1705 1091 54 ,600 .00 4 ,963 .64 no supporting document Maries Enterprises 1705 1125 2 ,650 .00 240.91 no supporting document Maries Enterprises 1705 1090 5,152.00 468 .36 no supporting document Maries Enterprises 1705 1098 38 ,500 .00 3 ,500 .00 no supporting document Maries Enterprises 1705 1113 41 ,460.00 3 ,769 .09 no supporting document Maries Enterprises 1705 1138 24,640 .00 2 ,240 .00 no supporting document Maries Enterprises 1705 1124 5,664 .00 514 .91 no supporting document Maries Enterprises 1705 1118 143,743 .60 13 ,067 .60 no supporting document Maries Enterprises 1705 1142 28 ,080 .00 2 ,552 .73 no supporting document Maries Enterprises 1705 1116 4 ,165 .00 378 .64 no supporting document Maries Enterprises 1705 1040 140,832 .00 12 ,802 .91 no supporting document Maries Enterprises 1705 1133 79 ,824 .00 7 ,256 .73 no supporting document Maries Enterprises 1705 1094 208.00 18.91 no supporting document Maries Enterprises 1705 1117 69 ,342 .00 6 ,303 .82 no supporting document Maries Enterprises 1705 1106 13 ,104 .00 1,191 .27 no supporting document Mose Angala , Ent. , line., Canst. 1705 1127 1,800 .00 163 .64 no supporting document Mose Angala , Ent. , Inc. 1705 1037 248 ,410.47 22 ,582 .77 no supporting document Mose Comm'l & Co. Auto Supply 1705 481 240 ,908 .70 21 ,900.79 no supporting document Mose Marketing , Inc. 1705 479 5.23 no supporting document Motorists Haven 1705 90227 57.50 3.64 no supporting document New Masinloc Henry's Hardware 1705 39685 40 .00 15.82 no supporting document New Masinloc Henry's Hardware 1705 142657 174.00 438.45 no supporting document New San Andres Lumber & Hard 1705 746485 4 ,823 .00 40 .73 no supporting document Olongapo Gas Corporation 1705 74649 448 .00 478.84 no supporting document Olongapo Gas Corporation 1705 8373 5,267.25 1,000 .00 no supporting document Ongking Inc. Auto Supply 1705 1905 11 ,000.00 1,009 .09 no supporting document Philgenetics Laboratories 1705 1906 11 ,100.00 10.45 no supporting document Philgenetics Laboratories 1705 518314 115.00 5,756.42 no supporting document Philgerma Manufacturing , Inc. 1705 1359 63 ,320 .60 5 ,208 .21 no supporting document Philgerma Manufacturing , Inc. 1705 1361 57,290 .30 1,563 .64 no supporting document Philgerma Manufacturing , Inc. 1705 671 17,200 .00 4 ,009 .09 no supporting document Philgerma Manufacturing , Inc. 1705 678 44 ,100.00 2,295.45 no supporting document Philgerma Manufacturing , Inc. 1705 679 25 ,250.00 1,500 .00 no supporting document Philgerma Manufacturing , Inc. 1705 670 16,500 .00 1,054 .55 no supporting document RFD Hauling Construction Ent. 1705 672 11 ,600 .00 1,272 .73 no supporting document RFD Hauling Construction Ent. 1705 681 14,000 .00 17,513.48 no supporting document Robert's Video Center 1705 164 192 ,648 .25 7,276.39 no supporting document SPGSI 1705 163 80 ,040 .25 5.09 no supporting document SPGSI 1705 24147 56 .00 12,474 .85 no supporting document S. P. Gen . Servicess , Inc. 1705 137 ,223 .36 11 ,695 .17 no supporting document Save More Drug 1705 66 128,646 .90 11 ,695.17 no supporting document 1705 65 128,646 .90 8.18 no supporting document 71 90 .00 13754 3 of 4

ANNEX B BENGUET CORPORATION vs. CIR CTA CASE 5532 SCHEDULE OF COURT'S DISALLOWANCES ON CLAIMED EXCESS INPUT TAXES- 4th quarter -1995 Supplier Acct. No. Reference Invoice Input Tax Reason for Disallowance Amount Claimed Sayber's Drug 1705 3611 55 .00 5.00 no supporting document Southern Auto Supply Inc. 1705 5477 60 .00 5.45 no supporting document Tambal Atbpa (Pharmacy) 1705 7522 11 ,325.00 1,029 .55 no supporting document Tambal Atbpa (Pharmacy) 1705 7523 13 ,567 .50 1 ,233.41 no supporting document Tambal Atbpa (Pharmacy) 1705 7524 8 ,983 .00 816 .64 no supporting document Tambal Atbpa (Pharmacy) 1705 6827 418 .00 38 .00 no supporting document Tambal Atbpa (Pharmacy) 1705 7525 2,105.00 191 .36 no supporting document Tessmann Sales Inc. 1705 242 110.00 10.00 no supporting document Travelers' Petron Servicenter 1705 2196 280 .00 25.45 no supporting document Tropical Motor Supply 1705 7213 800 .00 72 .73 no supporting document VAC-CAP Marketing 1705 14,640 .00 1,330 .91 no supporting document VACCAP Marketing 1705 34 3,600 .00 327 .27 no supporting document VACCAP Marketing 1705 15 4,800 .00 436 .36 no supporting document VACPHIL (North Luzon) Inc. 1705 16 64 ,706 .00 5,882 .36 no supporting document VACPHIL (North Luzon) Inc. 1705 10611 1,900 .00 172 .73 no supporting document VACPHIL (North Luzon) Inc. 1705 5962 40,991 .00 3,726.45 no supporting document VACPHIL (North Luzon) Inc. 1705 5967 16,464.00 1,496 .73 no supporting document VACPHIL (North Luzon) Inc. 1705 10682 55,432 .00 5 ,039 .27 no supporting document Villaflor Memorial Hospital Pharma 1705 10742 695 .90 63 .26 no supporting document Wilson Trading 1705 302509 2 ,000 .00 181 .82 no supporting document Marcelo Rubber & Lat 0262 1198 229 .90 20 .90 no supporting document St. Patricks' Clinic 0615 12834 7 ,000 .00 636 .36 no supporting document Arcman lnd'l Enterprises 0645 H-087-95 728 .00 66 .18 no supporting document Northlander Gen . Mercantile 0645 0607 300 .00 27 .27 no supporting document Northlander Gen. Mercantile 0645 75864 1,528 .00 138.91 no supporting document Ongking Auto Supply, Inc. 0645 75773 4,700 .00 427 .27 no supporting document Pyramid Hardware & Canst. Supp 0645 43325 1,807 .00 164.27 no supporting document Benguet Management Ctr. 1702 11713 51 ,673.86 4 ,697 .62 no supporting document Glennwood Commercial 1702 5450 247 ,500 .00 22 ,500.00 no supporting document Glennwood Commercial 1702 16360 75 ,600 .00 6,872 .73 no supporting document Glennwood Commercial 1702 16367 118,480.00 10 ,770 .91 no supporting document Glennwood Commercial 1702 16368 24 ,800 .00 2 ,254 .55 no supporting document New Process Enterprises 1702 16383 4 ,326 .00 393 .27 no supporting document 0172 7,229,235.21 657,203.20 MMM Sports Center 0452 89545 4 ,350 .00 395.45 NonVat Invoice and/or OR Olongapo Computer Auto Supply 1705 266525 2 ,000 .00 181 .82 Invoice and/or OR without VAT Number S PGS I 1705 128,844.00 11 ,713.09 Invoice and/or OR without VAT Number S PGS I 1705 77 137 ,223 .26 12,474.84 Invoice and/or OR without VAT Number Baguio Johnny Auto Supply 0645 82 Invoice and/or OR without VAT Number Pines Royal Enterprises 0645 6769 320 .00 29 .09 Invoice and/or OR without VAT Number Pines Royal Enterprises 0645 10880 2,580.00 234.55 Invoice and/or OR without VAT Number Pines Royal Enterprises 0645 10888 Invoice and/or OR without VAT Number Pines Royal Enterprises 0645 10965 490 .00 44.55 Invoice and/or OR without VAT Number Pines Royal Enterprises 0645 10969 1,700 .00 154.55 Invoice and/or OR without VAT Number Pines Royal Enterprises 0645 10993 7,400 .00 672.73 Invoice and/or OR without VAT Number Pines Royal Enterprises 0645 10915 3 ,600 .00 327 .27 Invoice and/or OR without VAT Number Pines Royal Enterprises 0645 11011 12 ,950 .00 1,177.27 Invoice and/or OR without VAT Number Pines Royal Enterprises 0645 10968 9 ,250 .00 840.91 Invoice and/or OR without VAT Number Pines Royal Enterprises 0645 10848 10 ,360 .00 941 .82 Invoice and/or OR without VAT Number Pines Royal Enterprises 0645 10823 15 ,910 .00 1,446.36 Invoice and/or OR without VAT Number Pines Royal Enterprises 0645 10837 5,180.00 470 .91 Invoice and/or OR without VAT Number Pines Royal Enterprises 0645 10867 5,440.00 494 .55 Invoice and/or OR without VAT Number 10987 4,600 .00 418 .18 810 .00 73 .64 353,007 .26 32,091 .57 GRAND TOTAL: 20,782,325.13 1,889 ,302.28 4 of 4