EMERSON ELECTRIC (ASIA) LIMITED - ROHQ v. COMMISSIONER OF INTERNAL REVENUE

REPUBLIC OF THE PHILIPPINES COURT OF TAX APPEALS QUEZON CITY SECOND DIVISION *********** EMERSON ELECTRIC (ASIA) CTA CASE NO. 8 532 LIMITED - ROHQ, Members: Petitioner, - versus - CASTANEDA, JR., Chairperson, CASANOVA, and COTANGCO-MANALASTAS, fl. COMMISSIONER OF INTERNAL Promulgat ed : REVENUE, OCT 1 9 Z015 Respondents. _~ X------------- -- ---- - ---- ---------------------- 7 .--.; ----------X ~ ~ : J} ,.,. , DECISION CASANOVA,L.: This is a claim for refund or issuance of tax credit certificate in the amount of Thirty Six Million Nine Hundred Fifty Nine Thousand Seven Hundred Ninety Two and 49/100 Pesos (P36,959,792.49), allegedly attributable to petitioner Emerson Electric (Asia) Limited - ROHQ's zero-rated transactions from domestic purchases of goods and services, as well as purchases/importations of capital goods, for the period January to September 2010. Petitioner is a corporation duly organized and existing under the laws of Hong Kong with license to transact business in the Philippines and with office address at 7/F Robinson Cybergate Plaza Bldg., EDSA, Mandaluyong City.l Respondent Commissioner of Internal Revenue is the head of the Bureau of Internal Revenue acting through the Department of Finance~ 1 Paragraph 1, Stipulation of Facts, joint Stipul ati on of Facts and Issu es (JSFI), Docket (Vol. 1), p. 78

DECISION CTA CASE NO. 8532 One Stop Shop Inter-Agency Tax Credit and Duty Drawback Center (DOF-OSS), and who holds office at the BIR National Office Building located at Agham Road, Diliman, Quezon City.2 Petitioner is duly registered with the Securities and Exchange Commission and is licensed as a regional operating headquarters (ROHQ) in the Philippines to provide qualifying services of general administration and planning, business planning and coordination, sourcing/procurement of raw materials and components, corporate finance and advisory services, marketing control and sales promotion, training and personnel management, logistics services and product development, technical support and maintenance, data processing and communication, and business development to its affiliates in the Philippines and abroad.3 Petitioner is also registered with the Bureau of Internal Revenue (BIR) as a VAT taxpayer with TIN/VAT Registration No. 252-158-539- 000 as of May 30, 2007 as shown in BIR Certificate of Registration No. OCN 3RC0000537738 which was issued by BIR Revenue District Office (ROO) No. 41 following petitioner's transfer from ROO 43A (Pasig) due to change of address.4 Petitioner adopts the fiscal year of October 1 of the prior year to September 30 of the current year.s For the fiscal year (FY) period January 1, 2010 to September 30, 2010, petitioner filed with the BIR its Quarterly Value-added tax (VAT) Returns as follows: Period Covered Taxable Quarter Date Filed Jan-Mar 2010 2nct Quarter FY 2010 April 25, 2010 Apr-Jun 2010 3rct Quarter FY 2010 July 26, 2010 Jul-Sep 2010 4th Quarter FY 2010 October 23, 20106 Subsequently, petitioner amended the above returns and filed its final Amended Quarterly VAT Returns7 on March 22, 2012.;t ' Par. 2, Ibid. ' Par. 3, /d., pp. 78-79 � Par. 4, /d., p. 79 s Par. 5, /d., p. 79 6 Par. 10, Statement of Facts , Petition for Review, Docket, (Vol .1), p. 7; p.2, Statement of Facts, Respondent's Memorandum, Docket (Vol. II), p. 963

DECISION CTA CASE NO. 8532 During the period January to December 2010, petitioner was substantially engaged in zero-rated sales of services,8 which were generated from rendering qualifying services to various non-resident affiliates the consideration for which was paid for in acceptable foreign currency and accounted for in accordance with the rules and regulations of the Bankgo Sentral ng Pilipinas. 9 It, likewise, paid input taxes on its purchases of goods and services attributable to its VATable and zero-rated sales. Input taxes in the amount of P6,054,530.95 came from purchases/importations of capital goods.lo As shown in petitioner's Quarterly VAT Returns for the 2nct to the 4th quarters of FY 2010,11 as well as in the succeeding Quarterly VAT Returns (1st quarter of FY 2011 until the 2nct quarter of 2012),12 the input taxes attributable to petitioner's zero-rated transactions and purchases/importations of capital goods in the total amount of 36,959,792.49 remained under the "Total Available Input" and were not offset against any input VAT. After applying input taxes attributable to petitioner's zero-rated transactions and those paid on purchases/importations of capital goods to the extent allowable for the period against its output VAT liability of P2,028,674.30, the total unutilized input VAT for the claim period January to September 2010 amounted to P36, 959,792.49.13 On March 23, 2012, petitioner filed its claim for refund or issuance of tax credit with the DOF-OSS, including its complete supporting documents, 14 for its unutilized input VAT arising from domestic purchases of goods and services, as well as purchases/importations of capital goods, attributable to zero-rate1z_ 7 Exhibits "l-2", "l-4" and "l-6"; judicial Affidavit of Anna Mae Santos dated june 4, 2013 8 Exhibits "HH-1" to "HH-736", "ll-1" to "ll-712" and "00-1" to "00-19" 9 Exhibits "D" to "D-2", "G", "G-2" to "G-3", "K" to "K-1", uL", "M" to "M-1", "N", "0", "U-3" to "U- 4", "Jj-1" to "Jj-694", "KK-1" to "KK-66", "LL-1" to "LL-60", "MM-1" to "MM-95", and "PP-1; judicial Affidavit of Fredieric Landicho dated October 22, 2013 10 Exhibits "1-2", "I-4", "1-6", ..U-3 11, "Q", "F" to "F-2", "V-1" to V-58", 11X-1" to "X-50", "Z-1" to "Z-63; judicial Affidavit of Anna Mae Santos dated june 4, 2013 11 Exhibits "l-2", "l-4" and "l-6" 1z Exhibits "l-8", "l-10", "l-12, "l-14", "l-16" and "l-18" 13 Par. 15, Statement of Facts, Petition for Review, Docket, (Vol .!), p. 8; p. 3, Statement of Facts, Respondent's Memorandum, Docket (Vol. ll), p. 964 14 Exhibits")" to "j-3"

DECISION CTA CASE NO. 8532 Page 4 of33 transactions for the period January to September 2010 in the aggregate amount of'P36,959,792.49.1S Asserting respondent's inaction on its administrative claim within the mandatory period of 120-days, petitioner filed, on August 17, 2012, its judicial claim for refund with this Court via the instant Petition for Review16. After asking for an extension of time, respondent filed her Answer17 on October 15, 2012, raising therein the following special and affirmative defenses: "3. She reiterates and re-pleads the preceding paragraphs of this Answer as part of her Special and Affirmative Defenses; 4. Petitioner's claim for the issuance of tax refund/tax credit certificate is subject to administrative investigation/examination by respondent's Bureau; 5. Taxes paid and collected by the BIR are presumed to have been paid in accordance with law, rules and regulations and the burden to prove otherwise is incumbent upon the petitioner; 6. Petitioner must prove it is entitled to a claim for refund under the strictest terms; 7. Petitioner must prove that it paid the alleged VAT input taxes for the periods in question; 8. Petitioner must prove that the same alleged VAT input taxes were not utilized against any output tax liability~ 1s Par. 18, Statement of Facts , Petition for Review, Docket, (Vol .1), p. 9; p. 3, Statement of Facts, Respondent's Memorandum, Docket (Vol. II), p. 964 16 Docket (Vol. 1), pp. 5-15 17 Ibid., pp. 49-53

DECISION CTA CASE NO. 8532 9. Petitioner must prove that the alleged VAT input taxes for the periods in question are attributable to its alleged VAT zero-rated export sales; 10. Petitioner must prove that the administrative and judicial claims were filed within the period prescribed by law; 11. Petitioner's assertion that its zero-rated export sales were paid for in acceptable foreign currency and accounted for in accordance with the rules of the Bankgo Sentral ng Pilipinas (BSP) cannot be accorded weight. Plain allegations without any evidentiary documents to support its claim will not justify petitioner's application for tax refund; 12. Petitioner must prove that its sales are VAT zero- rated as contemplated under Section 112(A) of the 1997 Tax Code; 13. Moreover, in order to validly claim for tax credit/refund, it is imperative for petitioner to prove its compliance with the following, viz: a. The registration requirements of a value-added taxpayer under the pertinent provision of the 1997 NIRC, as amended, and its implementing revenue regulations; b. The invoicing and accounting requirements for VAT-registered persons, as well as the filing and payment of VAT pursuant to the provisions of Section 113 and 114 of the 1997 NIRC, as amended. Failure to comply with the invoicing requirements on the documents supporting the sale of goods and services will result in the disallowance of the claim for input tax of the taxpayer claimant (Revenue Memorandum Circular No. 42-2003);..,....

DECISION CTA CASE NO. 8532 c. The submission of complete documents in support of the administrative claim for tax refund pursuant to Section 112 (C) of the 1997 NIRC, as amended, otherwise, there would be no sufficient compliance with regard to the filing of administrative claim for tax credit/refund which is a condition sine qua non prior to the filing of the [sic] such claim; d. That the input taxes of Php 36,959,792.49 allegedly representing unutilized input VAT from its purchases of goods and services from VAT registered suppliers were: i. Paid by the petitioner; ii. Attributable to its zero-rated or effectively zero-rated sales; and iii. Such input taxes paid should not have been applied against any output tax. e. That petitioner's claim for tax credit/refund allegedly representing unutilized input VAT in the amount of Php 36,959,792.49 was filed within two (2) years after the close of the taxable quarter when the sales were made in accordance with Section 112 (A) of the 1997 NIRC, as amended. 14. In an action for tax credit/refund, the burden of proof rests upon the taxpayer to establish by sufficient and competent evidence its entitlement to a claim for refund; 15. A tax credit or refund, like tax exemption, is strictly construed against the taxpayer. The taxpayer claiming the tax credit or refund has the burden of proving that he is entitled to the refund or credit, in this case VAT input tax, by submitting evidence that he has complied with the requirements laid down in the tax code and the BIR's revenue regulations under which such privilege of credit or refund is accorded." (Citations Omitted~

DECISION CTA CASE NO. 8532 On October 16, 2012, a Notice of Pre-Trial Conference18 was issued by this Court setting the case for the pre-trial conference on November 22, 2012 at 9:00a.m. On November 20, 2012, respondent filed her Respondent's Pre- Trial Brief,19 while petitioner filed its Pre-Trial Brief for Petitionerzo on November 16, 2012. Thereafter, the parties submitted their Joint Stipulation of Facts and lssue21 on December 12, 2012. After finding everything in order, this Court issued a Pre-Trial Order22 on January 3, 2013, thereby declaring the pre-trial terminated and ordering petitioner to proceed with the initial presentation of its evidence. Petitioner presented and offered the testimony of its Tax Accountant, Ms. Pamela B. Ariaga, as its first witness, to prove, among others, that its administrative and judicial claims for the issuance of a tax credit certificate were filed within the period prescribed in Section 112 (A) and (C) of the National Internal Revenue Code (NIRC) of 1997, as amended. Thereafter, petitioner presented its Tax and Compliance Manager, Atty. Raquel Dujunco, who testified that petitioner is engaged in providing qualifying services of general administration and planning; business planning and coordination; sourcing/procurement of raw materials and components; training and personnel management; logistics services and product development; technical support and maintenance; data processing and communication; and business development to its affiliates in the Philippines and abroad. She further testified that during the period of January to September 2010, petitioner rendered qualifying services to its various non-resident affiliates which have been paid for in acceptable foreign currency and duly accounted for in accordance with the BSP rules and regulations. For its third witness, petitioner offered the testimony of its Accounting Manager, Ms. Anna Mae Santos, to prove, among others that petitioner incurred or paid input VAT on its domestic purchases ol 1B /d., p. 54 19 /d., pp. 55-58 20 /d., pp. 59-71 21 /d., pp. 78-86 22 /d., pp. 88-92

DECISION CTA CASE NO. 8532 goods and services, importation of goods, and purchases and importation of capital goods that were used in rendering qualifying services to petitioner's non-resident affiliates during the 2nd to 4th quarter ofFY 2010. On June 5, 2013, petitioner filed a Manifestation/Submission (On Filing of Motion to Avail of the Provisions of Section 5, Rule 12 of the Revised Rules of the Court of Tax Appeals with attached Judicial Affidavit for Petitioner)23, praying that Atty. Fredieric B. Landicho, a tax partner of Navarro, Amper & Co., be commissioned as an independent certified public accountant (ICPA) of the case, who shall conduct the audit and examination of petitioner's books of accounts and testify as to the correctness of his examination and findings in his report. During the June 10, 2013 hearing, this Court granted petitioner's Motion to Commission an ICPA and ordered the ICPA to submit his ICPA report within thirty (30) days therefrom. In compliance, the ICPA submitted his report on July 10, 2013. On October 16, 2013, petitioner filed a Formal Offer of Evidence with Omnibus Motion24, offering Exhibits "C" to "D", "F" to "Q", and "U" to "PP", all inclusive of their sub-markings. Subsequently, on March 17, 2014, petitioner filed a Supplemental Formal Offer of Evidence25, offering the Report of the !CPA dated October 16, 2013, marked as Exhibits "U-3" and "U-4". In the Resolution26 dated April 25, 2014, this Court admitted Exhibits "U-3" and "U-4", and set the initial presentation of evidence for the respondent on May 5, 2014 at 9:00a.m. However, during the May 5, 2014 hearing, respondent's counsel manifested that considering that there was no audit report forwarded by the BIR, she will not be presenting anymore evidence and will rest her case.~ 23 !d. pp. 499-501 24 /d., pp. 557-591 25 Docket (Vol. II), pp. 616-618 26 Ibid., p. 905

DECISION CTA CASE NO. 8532 Page 9 of33 On June 10, 2014, this Court issued a Resolution27, admitting petitioner's formally offered exhibits except for Exhibits "J-2", "J-3", "U- 1" and "FF-4". This Court further ordered the parties to submit their respective memoranda within thirty (30) days therefrom. On June 26,2014, petitioner filed a Motion for Reconsideration (of Resolution dated June 10, 2014) with Motion to Defer Submission of Memorandumzs, praying for the reconsideration of the denial of Exhibits "J-2", "J-3" and "U-1", and that they be admitted as secondary evidence. Petitioner further prays that it be given a period of thirty (30) days from receipt of the resolution of its Motion for Reconsideration within which to file its Memorandum. Accordingly, this Court granted petitioner's Motions by admitting the previously denied exhibits, thereby forming them as part of the records of the case; and giving the parties a period of thirty (30) days upon receipt thereof within which to submit their respective memoranda.29 On October 10, 2014, petitioner submitted its Memorandum,30 while respondent submitted her Memorandum31 on October 21, 2014. With the filing of the parties' respective memoranda, this Court in the Resolution 32 dated October 22, 2014, considered the instant case submitted for decision. The sole issue stipulated 33 by the parties for this Court's resolution is whether or not petitioner is entitled to a refund or tax credit of its unutilized input VAT arising from purchases of goods and services, as well as purchases/importations of capital goods, attributable to zero-rated sales for the 2nd quarter until the 4th quarter of its fiscal year 2010, or for the period from January to September 2010 in the amount ofP36,959,792.49""'-" 27 Id., pp. 909-910 28 /d., pp. 913-920 29 Resolution dated July 1, 2014 and August 20, 2014, respectively, Docket (Vol. 11), pp. 922; 925-928 3o Docket (Vol.ll), pp. 937-961 31 Ibid., pp. 962-970 32 /d., p. 971 33 Stipulation of Issue, )SF!, Docket (Vol.!), p. 79; Stipulated Issue, Pre-Trial Order, Docket (Vol. 1), p. 89

DECISION CTA CASE NO. 8532 Page 10 of33 After consideration of all the arguments and evidence presented, this Court finds the instant petition partially meritorious. In claiming input VAT refund or tax credits for zero-rated or effectively zero-rated VAT, Section 112(A) and (C) of the National Internal Revenue Code (NIRC) of 1997, as amended, respectively provide that: "SEC. 112. Refunds or Tax Credits ofInput Tax. - (A) Zero-Rated or Effectively Zero-Rated Sales. - Any VAT- registered person, whose sales are zero-rated or effectively zero-rated may, within two (2) years after the close of the taxable quarter when the sales were made, apply for the issuance of a tax credit certificate or refund of creditable input tax due or paid attributable to such sales, except transitional input tax, to the extent that such input tax has not been applied against output tax: Provided, however, That in the case of zero-rated sales under Section 106(A)(2)(a)(1), (2) and (b) and Section 108 (8)(1) and (2), the acceptable foreign currency exchange proceeds thereof had been duly accounted for in accordance with the rules and regulations of the 8angko Sentral ng Pilipinas (8SP): Provided, further, That where the taxpayer is engaged in zero-rated or effectively zero-rated sale and also in taxable or exempt sale of goods of properties or services, and the amount of creditable input tax due or paid cannot be directly and entirely attributed to any one of the transactions, it shall be allocated proportionately on the basis of the volume of sales: Provided, finally, That for a person making sales that are zero-rated under Section 108 (8)(6), the input taxes shall be allocated ratably between his zero-rated and non-zero-rated sales. XXX XXX XXX (C) Period within which Refund or Tax Credit of Input Taxes shall be Made. - In proper cases, the Commissioner shall grant a refund or issue the tax credit certificate for creditable input taxes within one hundred twenty (120) days from the date of submission of complete documents in support of the application filed in accordance with Subsection (A) hereof.~

DECISION CTA CASE NO. 8532 In case of full or partial denial of the claim for tax refund or tax credit, or the failure on the part of the Commissioner to act on the application within the period prescribed above, the taxpayer affected may, within thirty (30) days from the receipt of the decision denying the claim or after the expiration of the one hundred twenty day- period, appeal the decision or the unacted claim with the Court of Tax Appeals." Based from the above provisiOn and pertinent jurisprudence34 over the matter, a taxpayer engaged in zero-rated or effectively zero- rated transactions is entitled to claim a refund or tax credit of input taxes attributable to such sales upon compliance with the following requisites: 1. There must be zero-rated sales or effectively zero-rated sales; 2. Input taxes were incurred or paid; 3. That such input taxes are attributable to zero-rated or effectively zero-rated sales; 4. that the input taxes were not applied against any output VAT liability during and in the succeeding quarters; and 5. The claim for refund was filed within the two (2) year prescriptive period. Since the instant case essentially involves technical substantiation, this Court deems it best to first discuss the timeliness of petitioner's claim both in the administrative and judicial levels. Needless to state, to inquire into the existence of jurisdiction over the subject matter is the primary concern of the court, for thereon would depend the validity of its entire proceedings.3s In disputing petitioner's claim, respondent stresses that petitioner must prove, among others, that the administrative and judicial claims were filed within the period prescribed by law, and the submission o~ 34 citing among others Taganito Mining Corporation vs. CIR, G.R. No. 196113, October 8, 2013; San Roque Power Corporation vs. CIR, G.R. No. 180345, November 25, 2009; Hedcor Sibulan, Inc. vs. CIR, CTA EB Case No. 890, September 17,2013 35 Commissioner of Internal Revenue vs. Villa, eta/., G.R. No. L-23988, january 2, 1968

DECISION CTA CASE NO. 8532 Page 12 of33 complete documents in support of the administrative claim for tax refund, otherwise, there would be no sufficient compliance with regard to the filing of administrative claim which is a condition sine qua non prior to the filing of such claim.36 Verily, in applying Section 112(C) of the NIRC of 1997, as amended, the Supreme Court, in the case of COMMISSIONER OF INTERNAL REVENUE vs. A/CHI FORGING COMPANY OF ASIA, INC. 37 exhaustively explained the significance of the period mentioned therein in relation to the validity of filing administrative and judicial claims for refund. It elucidated as follows: "The pivotal question of when to reckon the running of the two-year prescriptive period, however, has already been resolved in Commissioner of Internal Revenue v. Mirant Pagbilao Corporation, where we ruled that Section 112(A) of the NIRC is the applicable provision in determining the start of the two-year period for claiming a refund/credit of unutilized input VAT, and that Sections 204(C) and 229 of the NIRC are inapplicable as 'both provisions apply only to instances of erroneous payment or illegal collection of internal revenue taxes. We explained that: The above proviso [Section 112 (A) of the NIRC] clearly provides in no uncertain terms that unutilized input VAT payments not otherwise used for any internal revenue tax due the taxpayer must be claimed within two years reckoned from the close of the taxable quarter when the relevant sales were made pertaining to the input VAT regardless of whether said tax was paid or not. xxx. XXX XXX XXX Section 112(0) of the NIRC clearly provides that the CIR has '120 days, from the date of the submission of the complete documents in support of the application [for tax refund/credit],' within which to grant or deny the claim. In case of full or partial denial by the CIR, the taxpayer's recourse is to file an appeal before the CTA within 30 days from receipt of the decision of the CIR. However, if after the til- 36 Par.lO and 13(c), Answer, Docket (Vol.!), pp. 50-51 37 G.R. No. 184823, October 6, 2010

DECISION CTA CASE NO. 8532 Page 13 of33 120-day period the CIR fails to act on the application for tax refund/credit. the remedy of the taxpayer is to appeal the inaction of the CIR to CTA within 30 days. XXX XXX XXX xxx Subsection (A) of the said provision states that 'any VAT-registered person, whose sales are zero-rated or effectively zero-rated may, within two years after the close of the taxable quarter when the sales were made, apply for the issuance of a tax credit certificate or refund of creditable input tax due or paid attributable to such sales.' The phrase 'within two (2) years x x x apply for the issuance of a tax credit certificate or refund' refers to applications for refund/credit filed with the CIR and not to appeals made to the CTA. This is apparent in the first paragraph of subsection (D) of the same provision, which states that the CIR has '120 days from the submission of complete documents in support of the application filed in accordance with Subsections (A) and (B)' within which to decide on the claim. In fact, applying the two-year period to judicial claims would render nugatory Section 112(0) of the NIRC, which already provides for a specific period within which a taxpayer should appeal the decision or inaction of the CIR. The second paragraph of Section 112(0) of the NIRC envisions two scenarios: (1) when a decision is issued by the CIR before the lapse of the 120-day period; and (2) when no decision is made after the 120-day period. In both instances. the taxpayer has 30 days within which to file an appeal with the CTA. As we see it then. the 120-day period is crucial in filing an appeal with the CTA." [Underscoring Ours) As gleaned in the above-cited case, the two (2) year prescriptive period is reckoned from the close of the taxable quarter when the sales were made. In the instant case, the earliest period covered by the subject claim is the 2nct quarter of FY 2010 which closed on March 31, 2010. Counting therefrom, petitioner had two years or until March 31, 2012 within which to file its administrative claim with the respondent. Evidently, petitioner seasonably filed its claim on March 23, 2012.~ '"Exhibits")" and "J-1"

DECISION CTA CASE NO. 8532 Page 14 of33 Also, the term "complete documents" under Section 112(C) of the NIRC of 1997, as amended, should be understood to refer to those documents that are necessary to support the application for refund or tax credit certificate, as determined by the taxpayer. The BIR examiner can require the taxpayer to submit additional documents but the examiner cannot demand what type of supporting documents should be submitted. Otherwise, the taxpayer will be at the mercy of the examiner who may require the production of documents that the taxpayer cannot submit. Moreover, it is basic that respondent ought to know the tax records of all taxpayers.39 Records reveal that on March 23, 2012, petitioner submitted its Ietter4o stating that the pertinent documents are transmitted to the DOF-OSS as a mandatory requirement for VAT refund/credit claims. Further, considering that the records do not show that a written notice was sent by the BIR to inform petitioner that the supporting documents are incomplete or to require petitioner to submit additional documents, it can be surmised that on March 23, 2012, petitioner submitted the complete documents required by respondent in order for petitioner to claim a refund or tax credit. From the date of submission of petitioner's documents in support of its claim, respondent had one hundred twenty (120) days or until July 21, 2012 to act on petitioner's administrative claim. Adding thirty (30) days thereon, or until August 20, 2012, within which to appeal its judicial claim via the instant Petition for Review, petitioner's act of filing the instant Petition on August 17, 2012, was well within the period prescribed by law. Having settled that, this Court shall now proceed to determine the merit of petitioner's claim for refund/tax credit. Petitioner submits that the subject sales of services to its various non-resident affiliates are subject to zero percent VAT pursuant to Section 108(8)(2) of the NIRC of 1997, as amended, which reads as follows: a- 39 Diageo Philippines, Inc. vs. Commissioner of Internal Revenue, CTA Case Nos. 7846 and 7865, january 16, 2012 �o Exhibit "j-1"

DECISION CTA CASE NO. 8532 "SEC. 108. Value-added Tax on Sale of Services and Use or Lease ofProperties. - XXX XXX XXX (B) Transactions Subject to Zero Percent {0%) Rate. - The following services performed in the Philippines by VAT- registered persons shall be subject to zero percent (0%) rate: XXX XXX XXX (2) Services other than those mentioned in the preceding paragraph rendered to a person engaged in business conducted outside the Philippines or to a nonresident person not engaged in business who is outside the Philippines when the services are performed, the consideration for which is paid for in acceptable foreign currency and accounted for in accordance with the rules and regulations of the Bangko Sentral ng Pilipinas (BSP);" In connection with this, the Supreme Court held in the case of COMMISSIONER OF INTERNAL REVENUE VS. BURMEISTER AND WAIN SCANDINAVIAN CONTRACTOR MINDANAO, INC. 41 , that in order for the sale of services to be VAT zero-rated under Section 108(B)(2) of the NIRC of 1997, as amended, the following requisites must be met: (1) the services must be other than processing, manufacturing or repacking of goods; (2) payment for such services must be in acceptable foreign currency accounted for in accordance with the BSP rules and regulations; and (3) the recipient of such services is doing business outside the Philippines. Anent the first requisite, it was undisputed that petitioner is a registered VAT taxpayer and with license issued by the Securities and Exchange Commission (SEC) to operate as a ROHQ in the Philippines """ 41 G.R. No. 153205, january 22, 2007

DECISION CTA CASE NO. 8532 Page 16 of33 and to provide qualifying services of general administration and planning; business planning and coordination; sourcing/procurement of raw materials and components; corporate finance and advisory services; marketing control and sales promotion; training and personnel management; logistics services and product development; technical support and maintenance; data processing and communication; and business development, to its affiliates in the Philippines and abroad.42 Clearly, based from the foregoing, the enumerated services are in no way the same as "processing, manufacturing or repacking of goods". With regard to the second requisite, the services rendered by petitioner to its non-resident foreign affiliates were supported by "ZERO RATED SALES" official receipts43 and invoices,44 denominated in US Dollars which were inwardly remitted and accounted for in accordance with the BSP rules and regulations as evidenced by the Certification45 and bank credit advices46, issued by the Standard Chartered Bank And, as for the third requisite, to be considered as a non-resident foreign corporation doing business outside the Philippines, each entity must be supported at the very least by both SEC Certificate of Non- Registration and proof of incorporation or registration in a foreign country (e.g., Certificate of Incorporation, Memorandum and Articles of Association, and Certificate of Registration). Henceforth, only the following clients of petitioner shall be considered as non-resident foreign corporations doing business outside the Philippines: Client SEC Certificate of Article of Incorporation I Non-Registration Alber Corporation Certificate of Registration in a ASCO Controls BV MM-2 Foreign Country ASCOloucomatic Ltd. MM-5 LL-2.1 to LL2.13 ASCO Power Technologies, L.P. MM-6 LL-3.1 to LL-3.42 Closetmaid MM-9 LL-4.1 to LL-4.19 Computational Systems, Inc. MM-14 LL-6.1 to LL-6.4 Control Techniques Australia MM-15 LL-8.1 to LL-8.11 Pty. Limited LL-9.1 to LL-9.12 Control Techniques- America EGS Electrical Group MM-16 LL-10.1 to LL-10.44 Electric Reliability Services MM-17 LL-11.1 to LL-11.13 MM-21 LL-14.1 to LL-14.8 MM-22 LL-15.1 to LL-15.17 42 Pars. 3-4, Stipulation of Facts, )SF!, Docket, pp. 78-79 43 Exhibit "HH-1 to HH-736" 44 Exhibit "ll-1 to ll-712" 45 Exhibits "K" and "PP-1" 46 Exhibits "JJ�1 to J)-694" and "K-1"

DECISION MM-28 LL-18.1 to LL-18.12 MM-29 LL-19.1 to LL-19.54 CTA CASE NO. 8532 MM-33 LL-20.1 to LL-20.20 Page 17 of33 MM-35 LL-21.1 to LL-21.5 MM-37 LL-23.1 to LL-23.44 Emerson Electric Asia-Pacific Emerson Electric Company MM-38 LL-24.1 to LL-24.41 Emerson FZE Emerson Hermetic Motors MM-41 LL-25.1 to LL-25.38 Emerson Network Power (Australia) Pty. Ltd. MM-42 LL-26.1 to LL-26.36 Emerson Network Power (Hong Kong}_ Co. Ltd. MM-45 LL-28.1 to LL-28.10 Emerson Network Power LL-29.1 to LL-29.47; LL-30.1 _iMal<JYsia l SON BHD MM-46 Emerson Network Power to LL-30.33 (Singapore), Pte Ltd MM-49 LL-31.1 to LL-31.41 Emerson Network Power MM-50 LL-32.1 to LL-32.4 Connectivity Solutions MM-52 LL-34.1 to LL-34.6 Emerson Network Power MM-53 LL-36.1 to LL-36.45 Division 1 Emerson Japan, Ltd. MM-57 LL-38.1 to LL-38.11 Emerson Network Power Pakistan (PVT) Ltd. MM-61 LL-41.1 to LL-41.9 Emerson Network Power S.R.L. Emerson Network Power, MM-62 LL-42.1 to LL-42.8 Energy Systems, N.A., Inc. Emerson Process Management MM-63 LL-43.1 to LL-43.26 (Australia) Emerson Process Management MM-64 LL-44.1 to LL-44.10 Flow B.V. Emerson Process Management MM-66 LL-45.1 to LL-45.7 Power and Water Solutions, Inc. MM-70 LL-46.1 to LL-46.11 Emerson Process Management MM-73 LL-48.1 to LL-48.5 S.R.L. MM-75 LL-49.1 to LL-49.4; LL-50.1 to Emerson Process Management MM-77 Shared Services Ltd. MM-78 LL-50.9 Emerson Process Management MM-79 LL-52.1 to LL-52.12 MM-80 LL-53.1 to LL-53.13 Valve Automation Inc. I MM-84 LL-54.1 to LL-54.11 MM-85 LL-55.1 to LL-55.31 EPM Valve MM-88 LL-56.1 to LL-56.16 Emerson Tool Company MM-94 LL-57.1 to LL-57.28 Fisher Rosemount Systems, Inc. LL-59.1 to LL-59.27 lnsinkerator LL-60.1 to LL-60.28 Instrument & Valve Services Company Kato Engineering Inc. Knaack L.L.C. Kop-Flex Inc. Liebert Corporation Micro Motion Inc. MobreyLtd. Ridge Tool Company Therm-O-Disc

DECISION CTA CASE NO. 8532 Page 18 of33 Accordingly, petitioner's sales of services rendered to the aforementioned entities for the second, third, and fourth quarters of FY 2010 in the total amount of $7,888,548.86, with peso equivalent of 1"362,595,648.52 as presented below, qualify for VAT zero-rating pursuant to Section 108(8)(2) of the NIRC of 1997, as amended, viz: Client Invoice Official Inward Zero- Rated Sales Receipt Remittance lnsinkerator Exhibit Exhibit in USD in PhP Emerson Network Power, II- 2 HH- 2 Exhibit 3,180.57 148,278.33 Energy Systems, N.A., Inc. II- 7 HH- 8 JJ- 66 Kato Engineering Inc. II- 10 HH- 11 JJ- 88 51,108.51 2,382,681.29 Micro Motion Inc. II- 11 HH- 12 JJ- 94 Emerson Hermetic Motors II- 12 HH- 13 JJ- 96 7,993.96 372,678.81 Emerson FZE II- 20 HH- 21 JJ- 97 43,530.46 2,029,392.22 Emerson Network Power II- 21 HH- 22 JJ- 110 Division_/Emerson]aQan, Ltd. II- 32 HH- 33 JJ- 109 5,520.88 257,383.70 Knaack L.L.C. II- 33 HH- 34 33,016.40 1,539,226.22 Closetmaid II- 36 HH- 37 ll- 125 Emerson Electric Asia-Pacific II- 37 HH- 38 5,406.28 252,041.04 Emerson Electric Co. II- 38 HH- 39 JJ- 126 Therm-O-Disc II- 39 HH- 40 JJ- 129 17,535.47 817,504.49 Kato Engineering Inc. II- 49 HH- 51 JJ- 130 11,908.00 555,151.56 Asco Power Technologies, L.P. II- 51 HH- 53 JJ- 132 478,453.85 22,305,542.41 Emerson Network Power, II- 53 HH- 56 JJ- 133 715,803.02 33,370,772.58 Energy Systems, N.A., Inc. II- 56 HH- 59 JJ- 152 44,138.43 2,057,735.81 Micro Motion Inc. II- 59 HH- 62 JJ- 154 335,429.75 Emerson Network Power II- 69 HH- 73 JJ- 159 7,258.70 1,776,208.52 Connectivity Solutions JJ- 162 38,099.67 Emerson Hermetic Motors II- 70 HH- 74 JJ- 165 549,524.48 Emerson Network Power JJ- 175 11,891.71 (Malaysia) SON BHD II- 73 HH- 78 2,043,801.25 Emerson Network Power JJ- 176 44,227.86 II- 79 HH- 84 521,784.65 Division I Emerson@JJ_an, Ltd. II- 82 HH- 87 JJ- 181 11,291.42 II- 85 HH- 91 302,691.31 Emerson Network Power II- 86 HH- 103 JJ- 190 6,550.24 (Hong Kong) Co. Ltd. II- 96 HH- 110 2,216,287.85 Emerson Process Management II- 103 JJ- 193 47,960.47 Shared Services Ltd. HH- 113 Emerson Tool Company II- 106 JJ- 198 8,823.32 407,731.97 HH- 114 Ridge Tool Company II- 107 HH- 116 JJ- 209 163,199.16 7,608,353.00 II- 109 HH- 124 Emerson Electric Asia-Pacific II- 116 JJ- 247 150,986.44 6,977,192.10 Emerson Network Power 6,512.47 300,945.93 JJ- 252 Division I Emerson Japan, Ltd. 47,937.02 2,234,826.27 JJ- 252 535,848.01 24,761,922.35 Emerson Process Management (Australia) JJ- 251 6,165.54 284,650.96 Emerson Process Management ll- 260 (Australia) 23,652.09 1,092,980.11 Emerson Hermetic Motors Emerson Network Power 20,924.71 966,053.06 6,524.64 301,229.91 27,033.27 � 1,248,073.36

DECISION CTA CASE NO. 8532 Page 19 of33 (Singapore) Pte Ltd II- 118 HH- 127 ll- 261 38,206.50 1, 763,919.60 Emerson Network Power (Malaysia) SDN BHD II- 124 HH- 133 Jl- 267 4,332.45 201,979.04 Emerson Network Power HH- 134 79,268.26 3,659,660.99 S.R.L. 46,870.90 2,163,938.05 Ridge Tool Company II- 126 HH- 136 Jl- 266 514,975.49 23,775,414.17 Micro Motion Inc. 56,961.08 2,632,212.52 Emerson Electric Asia-Pacific II- 127 HH- 137 ll- 270 Emerson Network Power 3,785.36 174,762.69 (Australia) Pty. Ltd. II- 132 HH- 143 Jl- 278 3,941.31 182,130.77 Mabrey Ltd. 16,590.51 765,951.50 Emerson Network Power II- 141 HH- 153 Jl- 326 6,004.70 277,481.51 S.R.L. Closetmaid II- 146 HH- 158 ll- 334 lnsinkerator II- 147 HH- 159 Jl- 341 II- 153 HH- 167 JJ- 282 II- 158 HH- 173 Jl- 295 HH- 174 296 }}- Asco Power Technologies, L.P. II- 164 HH- 180 Jl- 301 69,244.85 3,196,899.70 Therm-O-Disc II- 165 HH- 181 Jl- 300 41,576.34 1,919,498.54 Emerson Network Power, II- 166 HH- 182 Jl- 302 27,148.82 1,253,408.08 Energy Systems, N.A., Inc. Emerson Network Power II- 174 HH- 190 JJ- 408 197,790.69 9,131,610.47 (Australia) Pty. Ltd. HH- 191 Emerson Network Power II- 175 HH- 192 JJ- 416 8,406.40 388,107.10 S.R.L. Emerson Network Power II- 181 HH- 200 JJ- 305 10,611.72 489,922.42 Connectivity Solutions Subtotal- 2nd Quarter 3,708,197.95 171,994,972.44 Emerson Hermetic Motors II- 226 HH- 237 JJ- 314 5,743.65 261,550.54 Emerson Network Power II- 227 HH- 240 JJ- 319 24,233.97 1,103,550.53 _(Sin~orelPte. Ltd. Emerson Network Power II- 230 HH- 244 Jl- 325 5,848.31 266,316.48 Division j Emersonjapan, Ltd. Emerson Network Power II- 231 HH- 245 JJ- 328 36,372.15 1,656,290.96 (Malaysia) SDN BHD Micro Motion, Inc. II- 234 HH- 248 JJ- 332 47,250.14 2,151,645.69 Emerson Tool Company II- 240 HH- 254 Jl- 342 7,984.84 363,608.37 lnsinkerator II- 244 HH- 258 JJ- 346 5,255.59 233,581.75 Therm-O-Disc II- 245 HH- 259 Jl- 347 52,210.25 2,377,515.91 Emerson Electric Asia-Pacific II- 249 HH- 263 JJ- 354 505,735.77 23,029,861.71 lnsinkerator II- 255 HH- 269 ll- 359 556.66 25,348.82 Knaack L.L.C. II- 263 HH- 277 JJ- 368 28,883.30 1,315,268.65 Knaack L.L.C. II- 264 HH- 278 JJ- 368 24,964.33 1,109,525.67 Emerson Process Management II- 265 HH- 279 JJ- 369 20,432.68 930,449.90 (Australia) Asco joucomatic Ltd. II- 269 HH- 284 ll- 376 5,886.85 268,071.49 Kato Engineering Inc. II- 270 HH- 285 JJ- 377 7,401.31 337,035.97 Kato Engineering Inc. II- 271 HH- 286 Jl- 377 9,185.24 408,232.85 Emerson Network Power II- 275 HH- 291 JJ- 492 153,923.26 7,009,255.82 (Australia) Ptv. Ltd. Emerson Network Power II- 277 HH- 293 JJ- 494 22,883.57 1,052,602.11 (Singapore) Pte. Ltd.

DECISION CTA CASE NO. 8532 Emerson Network Power II- 279 HH- 295 JJ- 496 138,651.76 6,313,832.34 (Hong Kong) Co. Ltd. 151,263.04 6,722,801.11 Emerson Network Power II- 280 HH- 296 JJ- 496 1,442.52 65,688.52 (Hong Kong) Co. Ltd. 4,923.58 218,825.76 Asco Controls BV II- 282 HH- 298 JJ- 502 38,122.55 1,694,335.39 Asco Controls BV II- 284 HH- 300 JJ- 502 21,767.25 1,001,253.45 Emerson Network Power II- 285 HH- 301 JJ- 503 160,278.06 7,372,495.85 (Malaysia) SON BHD 1,411.66 64,933.76 Emerson Process Management II- 287 HH- 303 JJ- 505 7,253.80 333,661.45 (Australia) 36,199.12 1,665,092.91 50,170.72 2,307,760.81 Emerson Electric Asia-Pacific II- 290 HH- 306 JJ- 510 85,308.64 3,924,040.47 45,389.74 2,087,844.52 Control Techniques- AU II- 291 HH- 307 JJ- 515 6,412.49 292,007.74 27,148.82 1,236,285.05 Emerson Tool Company II- 292 HH- 308 JJ- 511 4,827.04 214,535.09 Closetmaid II- 296 HH- 312 JJ- 517 14,148.98 628,843.49 14,697.71 Therm-O-Disc II- 297 HH- 313 JJ- 519 10,634.05 653,231.49 48,756.25 472,624.40 Asco Power Technologies, L.P. II- 309 HH- 326 JJ- 538 2,166,944.23 5,879.64 261,317.31 Micro Motion, Inc. II- 310 HH- 328 JJ- 542 3,186.70 145,113.84 63,086.42 2,872,787.76 Control Techniques- America II- 316 HH- 334 JJ- 298 26,052.96 1,157,909.22 Emerson Network Power, II- 317 HH- 335 JJ- 302 26,515.97 Energy Systems, N.A., Inc. 1,178,487.44 66,940.15 Asco joucomatic Ltd. II- 319 HH- 337 ll- 379 7,563.37 3,048,276.37 6,795.06 336,149.74 Emerson Network Power, II- 320 HH- 338 JJ- 382 302,002.64 Energy Systems, N.A., Inc. 57,716.69 66,585.60 2,565,185.97 Emerson Network Power II- 322 HH- 341 JJ- 386 3,032,131.11 Connectivity Solutions 7,245.90 23,604.02 333,298.07 Emerson Hermetic Motors II- 324 HH- 343 JJ- 388 4,533.41 1,085,741.49 Micro Motion, Inc. II- 329 HH- 348 JJ- 393 8,612.97 208,528.52 396,180.77 Emerson Network Power II- 331 HH- 350 JJ- 396 5,480.51 5,121.29 252,093.38 Division I Emerson Japan, Ltd. 4,557.18 235,569.92 2,350.33 202,541.31 Mobrey, Ltd. II- 335 HH- 354 JJ- 399 108,110.86 Emerson FZE II- 336 HH- 355 400 II- 337 HH- 356 JJ- Emerson Network Power II- 342 HH- 361 JJ- 406 (Singapore) Pte. Ltd. Emerson Process Management II- 353 HH- 372 ll- 415 jAustralia)_ Closetmaid II- 354 HH- 373 417 II- 355 HH- 374 JJ- Emerson Tool Company II- 357 HH- 376 JJ- 420 Ridge Tool Company II- 358 HH- 377 JJ- 421 Therm-O-Disc II- 367 HH- 386 JJ- 430 Asco Power Technologies, L.P. II- 374 HH- 393 JJ- 381 Kato Engineering Inc. II- 381 HH- 402 Jl- 450 Knaack L.L.C. II- 390 HH- 412 Jl- 461 Asco joucomatic Ltd. II- 392 HH- 414 Jl- 462 Emerson Network Power II- 393 HH- 415 Jl- 467 Connectivity Solutions Emerson Network Power II- 396 HH- 418 Jl- 471 Division/ Emerson japan, Ltd. Emerson Hermetic Motors II- 403 HH- 425 Jl- 474 Mobrey, Ltd. II- 405 HH- 427 Jl- 477 lnsinkerator II- 410 HH- 434 Jl- 482

DECISION CTA CASE NO. 8532 Page 21 of33 Emerson FZE Il- 411 HH- 435 JJ- 498 48,430.11 2,227,695.95 Emerson Network Power Jl- 412 HH- 436 JJ- 499 11,562.93 526,545.07 S.R.L. Mobrey, Ltd. Il- 422 HH- 447 JJ- 561 3,491.43 160,599.36 Emerson Network Power II- 423 HH- 448 JJ- 562 4 7,434.93 2,181,919.50 (Malaysia) SDN BHD Emerson Network Power II- 426 HH- 451 JJ- 573 193,597.98 8,604,353.81 (Australia) Pty. Ltd. Emerson Network Power II- 436 HH- 464 JJ- 591 13,825.76 614,478.16 S.R.L. Emerson Network Power, II- 438 HH- 466 JJ- 603 1,244.88 57,262.19 Energy Systems, N.A., Inc. Emerson Network Power II- 442 HH- 471 JJ- 305 11,899.83 541,886.60 Connectivity Solutions Subtotal- 3rd Quarter 2,556,875.67 115,972,917.38 lnsinkerator HH- 476 Jl- 526 92,520.42 4,242,110.29 II- 464 HH- 477 JJ- 527 50,032.14 2,294,000.14 6,796.09 311,604.33 HH- 478 rr- 528 48,956.45 2,244,679.18 Micro Motion, Inc. II- 470 HH- 484 Jl- 542 154,875.21 7,101,110.46 1,399,612.19 Emerson Network Power II- 480 HH- 493 Jl- 554 30,525.54 1,039,646.10 Division I Emerson japan, Ltd. 22,674.68 670,306.32 Emerson FZE II- 481 HH- 494 JJ- 559 14,619.38 341,804.24 7,454.75 291,017.59 Emerson Electric Asia-Pacific II- 485 HH- 500 Jl- 563 6,280.16 193,687.31 4,224.32 318,946.69 Emerson Network Power II- 486 HH- 502 JJ- 566 6,882.87 306,784.50 (Singapore] Pte. Ltd. 6,620.41 1,282,024.48 2,542,861.28 Emerson Process Management II- 492 HH- 508 JJ- 572 27,666.09 2,368,660.65 jAustralia}_ 54,874.95 8,831,036.75 51,115.70 1,768,332.14 Emerson Network Power II- 500 HH- 516 Jl- 583 192,604.90 1,480,623.17 Connectivity Solutions 38,160.61 1, 718,015.23 31,951.85 Emerson Tool Company II- 501 HH- 517 JJ- 586 37,469.91 1,791,136.59 64,195.08 Emerson Network Power II- 508 HH- 525 JJ- 637 38,652.73 1,385.33 151,689.98 Division I Emerson japan, Ltd. 3,273.47 6,437,838.33 Mobrey, Ltd. II- 509 HH- 526 JJ- 638 138,928.56 - 10,331,756.69 225,335.60 Emerson Hermetic Motors II- 512 HH- 529 Jl- 645 Emerson Tool Company II- 513 HH- 530 JJ- 641 Emerson Process Management II- 520 HH- 537 JJ- 646 [Australia) Therm-O-Disc Jl- 527 HH- 545 JJ- 652 Micro Motion, Inc. II- 529 HH- 548 JJ- 654 Emerson Network Power II- 530 HH- 549 Jl- 655 (Hong Kong) Co. Ltd. Closetmaid II- 532 HH- 551 JJ- 657 Emerson FZE II- 535 HH- 555 JJ- 660 Emerson Network Power (Malaysia) SDN BHD II- 536 HH- 556 JJ- 661 Emerson Network Power II- 537 HH- 557 JJ- 661 (Malaysia) SDN BHD Control Techniques- AU II- 541 HH- 561 JJ- 666 Control Techniques America II- 545 HH- 566 JJ- 671 Emerson Electric Asia-Pacific II- 549 HH- 570 JJ- 675 Emerson Network Power II- 556 HH- 579 JJ- 682 (Australia) Pty. Ltd.

DECISION CTA CASE NO. 8532 Page 22 of33 lnsinkerator II- 561 HH- 584 JJ- 686 2,339.91 105,591.60 Micro Motion, Inc. II- 581 HH- 604 ll- 687 71,655.40 3,233,546.66 Emerson Process Management II- 585 HH- 608 JJ- 501 15,064.28 679,795.97 Flow B.V. Kato Engineering, Inc. II- 635 HH- 660 JJ- 599 13,366.11 612,843.23 lnsinkerator II- 638 HH- 664 JJ- 605 68,714.95 3,184,195.81 HH- 665 JJ- 606 Knaack, L.L.C. II- 647 HH- 678 JJ- 619 22,881.19 1,049,114.69 Knaack, L.L.C. II- 648 HH- 679 JJ- 619 20,871.88 967,186.22 Asco Power Technologies, L.P. II- 649 HH- 680 JJ- 620 81,488.86 3,736,307.42 Emerson Network Power, II- 650 HH- 681 Energy Systems, N.A., Inc. II- 651 HH- 682 JJ- 621 17,310.40 802,150.09 Control Techniques- AU II- 655 HH- 687 JJ- 626 1,559.42 71,500.23 Asco joucomatic Ltd. II- 656 HH- 688 JJ- 627 5,096.29 233,667.60 Emerson Network Power II- 657 HH- 689 JJ- Connectivity Solutions 629 9,244.43 428,379.49 Subtotal- 4th quarter 1,623,475.24 74,627,758.70 7,888,548.86 362,595,648.52 Grand Total Thus, after finding that petitioner had valid VAT zero-rated sales for the second, third, and fourth quarters of FY 2010, the Court shall now determine the input VAT attributable thereto. The Court commissioned ICPA verified petitioner's claim for refund or TCC in the aggregate amount of P36,959,792.49 47 representing excess and unutilized input VAT paid for the second to fourth quarters of FY 2010, which was broken down as follows: Domestic Purchases 2"" Quarter 3'" Quarter 4th Quarter Total Exhibit 1-2 Exhibit 1-4 Exhibitl-6 p 34,236,819.73 of Goods Other than p 10,904,965.79 p 11,903,696.83 p 11,428,157.11 21,057,695.12 Capital Goods 21,057,695.12 20,978,803.28 22,886,299.73 6,054,530.95 Deferred on Capital 1,380,831.66 3,502,976.29 1, 170,723.00 22,360,579.00 Goods Exceeding 20,978,803.28 22,886,299.73 22,360,579.00 2,028,674.30 P1Million from 377,859.80 840,224.93 810,589.57 p 36,959,792.50 p 11,986,829.49 p 12,658,951.74 p 12,314,011.27 Previous Quarter -~ Purchase of Capital Goods exceeding P1Million Less: Purchases of Capital Goods exceeding P1Million deferred for the succeeding period Output Tax Excess Input VAT 47 Should be 1'36,959,792.50

DECISION CTA CASE NO. 8532 Page 23 of33 As to the input VAT on Domestic Purchases of Goods Other Than Capital Goods, the ICPA found certain exceptions in the total amount of P15,757,333.62, while the amount of P18,266,519.50 is without exception, summarized as follows: Annex Exhibits Description I Input VAT p 2,661,931.13 a. Without exception 43,827.86 3 W-1 to W-1395 Goods supported with original sales invoices 77,052.50 14,251,365.51 3 W-1396 to 1411 Goods supported with certified true copy of 74,969.99 sales invoices 1,157,372.51 18,266,519.50 4 X-1 to X-SO Importation supported with customs 141,223.22 declarations 44,108.60 5 Y-1 toY-1593 Services supported with original ORs 8,225.38 8,295.81 5 Y-1594toY- Services supported with certified true copy of 25,948.25 394,940.68 1604 ORs 2,092.85 2,571.43 5 Y-1605 toY- Services supported with certification of OR 20,571.16 7,056.80 1750 issuance and photocopy ofORs 251.79 Sub-total 14,497.50 449,275.58 II. With certain exception 141.39 7 AA-1 Goods not supported with sales invoices 962.47 46,831.83 7 AA-2 toAA-8 Goods supported with certified true copy of 8,586,829.00 sales invoices dated out-of~eriod 224,008.58 229,343.78 7 AA-9 to AA-19 Goods supported with non-VAT documents 7 AA-20 to AA-60 Goods supported with original sales invoices but no address/ATP/signature of payee 7 AA-61 toAA-74 Goods supported with original sales invoices but not in the name of EEAL/different address 7 AA-75 to AA- Goods supported with original sales invoices 175 but dated out-of-period 7 AA-176 to AA- Goods supported with original sales invoices 186 with different address and dated out-of-period 7 AA-187 Goods supported with certified true copy of zero-rated sales invoice 7 AA-188 to AA- Goods supported with photocopy of sales 225 invoices 7 AA-226 to AA- Goods supported with original ORs 227 7 AA-228 Goods supported with photocopy of sales invoice with different address 7 AA-229 to AA- Goods supported with photocopy sales invoices 231 dated out of period 8 BB-1 to BB-59 Importations not supported with customs declarations 8 BB-60 to BB-64 Importations supported with customs declarations but no TIN/address 8 BB-65 Importation supported with customs declaration not in the name of EEAL 8 BB-66 to BB-97 Importations supported with customs declarations but undated 9 CC-1 to CC-2710 Services not supported with ORs 9 CC-2711 to CC- Services supported with certification of OR 3000 issuances, no attached 0 Rs 9 CC-3001 to CC- Services supported with non-VAT documents

DECISION CTA CASE NO. 8532 Page 24 of33 3052 9 CC-3053 to CC- Services supported with original ORs but dated 2,309,645.44 3496 out-of-period 9 CC-3497 to CC- Services supported with original ORs but no 1,025,491.61 3578 address/TIN/VAT breakdown 9 CC-3579 to CC- Services supported with original ORs but no 12,015.06 3583 address/TIN, dated out-of-period 9 CC-3584 to CC- Services supported with original ORs but no 438,571.94 52,795.44 3586 ATP 9 CC-3587 to cc- Services supported with original ORs but not in 3598 the name of EEAL 9 CC-3599 to CC- Services supported with original ORs but 63,101.15 3601 undated 9 CC-3602 to CC- Services supported with original ORs but with 97,947.72 3604 different amount 9 CC-3605 to CC- Services supported with photocopy of ORs 114,168.24 3674 9 CC-3675 to CC- Services supported with certified true 216,665.35 3695 copy/certification ofORs but no TIN/address 9 CC-3696 to CC- Service supported with zero-rated/non-VAT OR 1,219,755.57 3704 Sub-total 15,757,333.62 Grand Total p 34,023,853.12 Also, by the !CPA's failure to account the remaining amount of 1"212,966.61, (1"34,236,819.73 less 1"34,023,853.12), the same shall be disallowed instantaneously. Moreover, in addition to the disallowances found by the ICPA, further scrutiny of petitioner's supporting documents reveal that, the following input taxes amounting to 1"7,414,975.2048 should also be disallowed for the reasons stated hereafter: Findings Disallowed Input VAT 1. Input tax on purchases of goods supported by "NON VAT" invoices p 38,680.11 2. Input tax on purchases of goods supported by invoices not duly 7,143.75 registered with the BIR 5,866.51 3. Input tax on purchases of goods supported by TIN invoices 14,413.94 4. Input tax on purchases of goods supported by ZERO RATED 29,936.54 invoices 44,186.32 5. Input tax on purchases of goods not separately indicated in the 35,316.40 invoices 5,595.00 6. Input tax on purchases of goods not supported by VAT invoices � 7. Input tax on importations supported by official receipts not in the name of petitioner 8. Input tax on importations of goods supported by undated official receipts �� Details presented as Annex "A" of this Decision

DECISION CTA CASE NO. 8532 9. Input tax on purchases of services not separately indicated in the 6,810,453.18 official receipts 23,469.63 38,252.13 10. Input tax on purchases of services supported by "NON VAT" official receipts 3,331.27 11.lnput tax on purchases of services supported by official receipts 10,247.77 not in the name of petitioner 12,000.00 336,082.65 12. Input tax on purchases of services supported by official receipts p 7,414,975.20 imprinted with the phrase "Not a valid source of input tax"/ "Not to be used for claim of input tax" 13. Input tax on purchases of services supported by official receipts dated outside the period of claim 14. Input tax on purchase of services supported by official receipt not dulyregistered with the BIR 15. Input tax on purchases of services not supported by official recei]:J_ts Grand Total In addition, part of the total input VAT claim is the amount of P4,751,647.07, which represents the amortization of the input VAT on purchases of capital goods exceeding PlMillion, as shown below: Input VAT on Purchases of Capital Goods exceeding P1Million Per Return Current Transactions p 1,380,831.66 2nd Quarter 3,502,976.29 3rd Quarter 1,170,723.00 41h Quarter Deferred from Previous Quarter 21,057,695.12 Less: Deferred for the Succeeding Periods 22,360,579.00 Input VAT Claim p 4,751,647.07 As found by the !CPA, the amortizations of the input VAT on current purchases of capital goods exceeding PlMillion in the amount of P373,378.23 should be disallowed from petitioner's claim, viz: Annex Exhibits Description Input VAT 6 Z-1 to Capital goods not supported with sales invoices and J> 148,447.90 6 Z-7 ORs Capital goods purchased during january to 4,480.00 6 Z-8 September 2010 and supported with original sales 6 invoice but no ATP 217,117.00 6 Z-9 to Capital goods purchased during january to 28.86 Z-51 September 2010 and supported with photocopy of Z-52 to sales invoices 287.00 Z-57 Capital goods supported with photocopy of sales Z-58 to invoices and original ORs � Z-59 Capital goods purchased during january to September 2010, supported with photocopy of sales invoice and photocopy of OR

DECISION CTA CASE NO. 8532 Page 26 of33 Capital goods purchased during january to 6 Z-60 September 2010 and supported with photocopy of 669.64 sales invoice but no signature of payee 6 Z-61 to Capital goods purchased during 2009 and supported 2,347.83 Z-63 withphotocopyof sales invoices Sub-total p 373,378.23 This Court further finds that the following input taxes from prior year's purchases of capital goods exceeding PlMillion should be deducted from petitioner's claim due to the reasons stated as follows: Date Registered Name of Supplier Exhibit Input Tax 1 Input VAT on purchases ofgoods not supported by VAT invoices I' 122,624.89 (841.07) January 2008 TOYOTACUBAOINCORPORATED DD-55 88,912.50 September 2008 TOYOTA MAKATI, INC. DD-238 (841.07) September 2008 TOYOTA MAKATI, INC. DD-239 112,055.36 146,003.78 September 2008 TOYOTA MAKATI, INC. DD-240 467,914.39 September 2008 TOYOTA MAKATI, INC. DD-241 2,955.00 345,641.23 February 2009 TOYOTA MAKATI, INC. DD-320 65,988.00 sub-total 6,415.76 2 Input VAT on purchases ofservices not supported by VAT DRs 57,606.90 36,890.06 November 2007 3G CABLENET AND CONSULTANCY DD-12 15,051.72 November 2007 ACCENT SYSTEMS, INC DD-13 2,508.62 November 2007 ARTWIST VENTURES DD-15 63,139.95 November 2007 HOFFSMAN SYSTEMATIC DESIGNS, DD-18 7,907.14 1,317.86 December 2007 ACCENT SYSTEMS, INC DD-30 57,678.12 21,355.20 December 2007 ACCENT SYSTEMS, INC DD-31 15,540.00 3,559.20 December 2007 CLASSIC DETAILS, INC DD-32 December 2007 CLASSIC DETAILS, INC DD-33 908.57 123,012.00 December 2007 GREAT YEAR INDUSTRIES CORP. DD-34 2,136.00 December 2007 GREAT YEAR INDUSTRIES CORP. DD-35 53,822.42 91,767.86 December 2007 GREAT YEAR INDUSTRIES CORP. DD-36 9,613.02 December 2007 HOFFSMAN SYSTEMATIC DESIGNS, DD-38 107,644.83 January_2008 FEDERAL PROTECTION SYSTEMS, DD-45 10,157.14 january 2008 FEDERAL PROTECTION SYSTEMS, DD-46 13,569.11 127,500.00 January 2008 FEDERAL PROTECTION SYSTEMS, DD-47 40,017.86 February 2008 AVCP TRADING SYSTEMS DD-57 6,646.98 March 2008 ARTWIST VENTURES DD-72 March 2008 FEDERAL PROTECTION SYSTEMS, DD-77 March 2008 FEDERAL PROTECTION SYSTEMS, DD-79 March 2008 HOFFSMAN SYSTEMATIC DESIGNS, DD-81 June 2008 HOFFSMAN SYSTEMATIC DESIGNS, DD-97 july_2008 FEDERAL PROTECTION SYSTEMS, DD-128 September 2008 3G CABLENET AND CONSULTANCY DD-181 September 2008 3G CABLENET AND CONSULTANCY DD-182 September 2008 ACCENT SYSTEMS, INC DD-185 September 2008 FEDERAL PROTECTION SYSTEMS, DD-190 September 2008 GREAT YEAR INDUSTRIES CORP. DD-194

DECISION CTA CASE NO. 8532 Page 27 of33 September 2008 HOFFSMAN SYSTEMATIC DESIGNS, DD-196 23,890.90 October 2008 ARTWIST VENTURES DD-246 20,501.89 October 2008 FEDERAL PROTECTION SYSTEMS, DD-247 4,500.00 january 2009 3G CABLENET AND CONSULTANCY DD-290 6,042.97 january 2009 TECHNOLOGIES SPECIALIST, INC. DD-301 144,642.87 March 2009 3G CABLENET AND CONSULTANCY DD-329 83,571.43 March 2009 3G CABLE NET AND CONSULTANCY DD-330 90,000.01 March 2009 3G CABLENET AND CONSULTANCY DD-321 9,824.14 March 2009 FEDERAL PROTECTION SYSTEMS, DD-332 80,035.72 May 2009 FEDERAL PROTECTION SYSTEMS, DD-349 610.58 August 2009 3G CABLENET AND CONSULTANCY DD-389 13,928.57 August 2009 3G CABLENET AND CONSULTANCY DD-390 1,007.14 August 2009 3G CABLENET AND CONSULTANCY DD-391 15,000.00 August 2009 3G CABLENET AND CONSULTANCY DD-392 27,517.39 September 2009 3G CABLENET AND CONSULTANCY DD-417 10,174.40 September 2009 ACCENT SYSTEMS, INC DD-421 14,860.71 September 2009 ARTWIST VENTURES DD-422 54,867.86 September 2009 ENTOM PEST CONTROL AND GEN. DD-423 156.96 September 2009 FEDERAL PROTECTION SYSTEMS, DD-424 13,339.13 September 2009 FEDERAL PROTECTION SYSTEMS, DD-425 20,357.01 September 2009 FEDERAL PROTECTION SYSTEMS, DD-426 8,571.50 September 2009 GATEWAY NETWORKS SOLUTIONS, DD-427 959.90 September 2009 GOUDIE ASSOCIATES MANILA LTD. DD-428 20,159.90 September 2009 GREAT YEAR INDUSTRIES CORP. DD-429 22,071.44 September 2009 ISPUTING ENTERPRISE DD-431 29,250.24 September 2009 RCW CONSTRUCTION AND DEVT. DD-448 10,639.13 September 2009 RCW CONSTRUCTION AND DEVT. DD-449 9,964.25 September 2009 RCW CONSTRUCTION AND DEVT. DD-450 3,321.26 September 2009 RCW CONSTRUCTION AND DEVT. DD-451 24,171.50 September 2009 RCW CONSTRUCTION AND DEVT. DD-452 23,464.25 September 2009 RCW CONSTRUCTION AND DEVT. DD-453 10,671.43 September 2009 RCW CONSTRUCTION AND DEVT. DD-454 6,964.29 September 2009 RCW CONSTRUCTION AND DEVT. DD-455 16,457.14 September 2009 WORK GROUP, INC. DD-461 1,607.25 December 2009 ACCENT MICRO DD-464 4,124.41 December 2009 RCW CONSTRUCTION DD-468 107,678.57 December 2009 RCW CONSTRUCTION DD-469 8,035.71 December 2009 RCW CONSTRUCTION DD-470 32,142.86 December 2009 SOLUTIONS ERA SOFTWARE DD-471 30,120.00 December 2009 TWINS LOCKSMITH DD-472 1,339.29 December 2009 TWINS LOCKSMITH DD-473 353.57 December 2009 WORK GROUP, INC. DD-474 1,071.43 December 2009 WORK GROUP, INC. DD-475 12,754.29 December 2009 WORK GROUP, INC. DD-476 8,035.72 sub-total 2,319,109.56 3 In_pu t VAT amount was not separately indicated in the supportin VAT invoices September 2009 NEPTELSYSTEMINTEGRATORINC DD-446 1,071.50 December 2009 NEPTEL SYSTEM DD-467 857.14 sub-total 1,928.64

DECISION CTA CASE NO. 8532 Page 28 of33 4 Input VAT amount was not seJJarately indicated in the supPQrtirJg VAT ORs October 2007 3G CABLENET AND CONSULTANCY DD-1 135,000.01 October 2007 RCW CONSTRUCTION AND DEVT. DD-8 626,785.76 October 2007 RCW CONSTRUCTION AND DEVT. DD-9 43,266.73 November 2007 3G CABLENET AND CONSULTANCY DD-11 11,577.95 November 2007 RCW CONSTRUCTION AND DEVT. DD-25 5,539.31 December 2007 3G CABLENET AND CONSULTANCY DD-28 943.53 December 2007 3G CABLENET AND CONSULTANCY DD-29 2,118.10 January 2008 3G CABLENET AND CONSULTANCY DD-43 22,500.00 january_2008 RCW CONSTRUCTION AND DEVT. DD-53 208,928.38 january2008 RCW CONSTRUCTION AND DEVT. DD-54 932,142.72 February 2008 3G CABLENET AND CONSULTANCY DD-56 272,494.69 February 2008 GOUDIE ASSOCIATES MANILA LTD. DD-59 7,679.82 February 2008 GOUDIE ASSOCIATES MANILA LTD. DD-60 34,559.80 February 2008 GOUDIE ASSOCIATES MANILA LTD. DD-61 34,559.80 February 2008 RCW CONSTRUCTION AND DEVT. DD-67 932,142.74 February 2008 WORK GROUP, INC. DD-68 12,754.27 February 2008 WORK GROUP, INC. DD-69 15,305.13 April2008 GOUDIE ASSOCIATES MANILA LTD. DD-88 6,768.21 July_2008 3G CABLENET AND CONSULTANCY DD-123 6,685.90 August 2008 ARTWIST VENTURES DD-154 10,997.79 September 2008 3G CABLENET AND CONSULTANCY DD-184 45,000.00 September 2008 GOUDIE ASSOCIATES MANILA LTD. DD-191 6,768.18 September 2008 RCW CONSTRUCTION AND DEVT. DD-232 70,392.78 September 2008 RCW CONSTRUCTION AND DEVT. DD-233 310,714.24 September 2008 RCW CONSTRUCTION AND DEVT. DD-234 2,369.91 September 2008 RCW CONSTRUCTION AND DEVT. DD-235 12,267.49 September 2008 WORK GROUP, INC. DD-242 3,214.45 September 2008 WORK GROUP, INC. DD-243 3,214.45 October 2008 RCW CONSTRUCTION AND DEVT. DD-261 24,535.48 October 2008 RCW CONSTRUCTION AND DEVT. DD-262 4,089.40 October 2008 RCW CONSTRUCTION AND DEVT. DD-263 5,530.27 October 2008 WORK GROUP, INC. DD-265 1,700.57 November 2008 3G CABLENET AND CONSULTANCY DD-267 45,415.71 November 2008 3G CABLENET AND CONSULTANCY DD-268 10,178.64 November 2008 RCW CONSTRUCTION AND DEVT. DD-274 70,392.72 November 2008 RCW CONSTRUCTION AND DEVT. DD-275 70,392.72 November 2008 RCW CONSTRUCTION AND DEVT. DD-276 9,964.08 November 2008 RCW CONSTRUCTION AND DEVT. DD-277 72,514.37 November 2008 RCW CONSTRUCTION AND DEVT. DD-278 9,964.08 December 2008 3G CABLENET AND CONSULTANCY DD-279 1,692.65 December 2008 ARTWJST VENTURES DD-281 73,285.85 December 2008 RCW CONSTRUCTION AND DEVT. DD-288 72,514.24 February 2009 ALL VISUAL AND LIGHTS SYSTEMS DD-302 23,759.92 March 2009 ARTWIST VENTURES DD-331 36,643.03 March 2009 WORK GROUP, INC. DD-346 4,821.52 May_2009 ARTWJST VENTURES DD-347 85,499.99 May2009 GATEWAY NETWORKS SOLUTIONS, DD-350 9,845.67 june 2009 ARTWJST VENTURES DD-353 42,750.00

DECISION CTA CASE NO. 8532 Page 29 of33 June 2009 GATEWAY NETWORKS SOLUTIONS, DD-354 5,759.91 4,821.23 June 2009 WORK GROUP, INC. DD-367 3,214.15 122,143.00 June 2009 WORK GROUP, INC. DD-368 2,095.17 88,929.19 July 2009 FEDERAL PROTECTION SYSTEMS, DD-371 12,214.35 6,107.18 july2009 GATEWAY NETWORKS SOLUTIONS, DD-372 14,250.24 1,641.15 August 2009 3G CABLENET AND CONSULTANCY DD-393 233.01 August 2009 ARTWIST VENTURES DD-397 2,796.17 23,169.38 August 2009 ARTWIST VENTURES DD-398 20,919.14 74,425.36 August 2009 ARTWIST VENTURES DD-399 25,057.42 8,035.89 August 2009 GATEWAY NETWORKS SOLUTIONS, DD-400 12,856.94 96,043.06 August 2009 GATEWAY NETWORKS SOLUTIONS, DD-401 8,464.11 32,638.28 August 2009 GATEWAY NETWORKS SOLUTIONS, DD-402 9,678.47 August 2009 GREAT YEAR INDUSTRIES CORP. DD-403 107.18 16,071.29 August 2009 NEPTELSYSTEMINTEGRATORINC DD-405 8,571.29 August 2009 RCW CONSTRUCTION AND DEVT. DD-406 5,052,425.61 August 2009 RCW CONSTRUCTION AND DEVT. DD-407 626,785.76 August 2009 RCW CONSTRUCTION AND DEVT. DD-408 626,785.76 Aug_ust 2009 RCW CONSTRUCTION AND DEVT. DD-409 2,321.92 August 2009 RCW CONSTRUCTION AND DEVT. DD-410 136,247.42 382,500.00 August 2009 RCW CONSTRUCTION AND DEVT. DD-411 765,000.00 August 2009 RCW CONSTRUCTION AND DEVT. DD-412 19,940.88 71,517.90 August 2009 RCW CONSTRUCTION AND DEVT. DD-413 1,308.08 August 2009 SEAFOOD VENTURES CORPORATION DD-414 932,142.72 136,247.35 August 2009 TECHNOLOGIES SPECIALIST, INC. DD-415 6,768.13 Aug_ust 2009 TECHNOLOGIES SPECIALIST, INC. DD-416 3,214.34 31,917.69 sub-total 6,396.17 9,263.00 5 Marked exhibit cannot be found in the records ofthe case 1,257.66 16,685.46 October 2007 RCW CONSTRUCTION AND DEVT. DD-7 22,270.48 3,664.75 sub-total 8,121.19 6 Without supportinn documents November 2007 MANNASOFT TECHNOLOGY CORP. December 2007 3G CABLENET AND CONSULTANCY january 2008 ACCENT SYSTEMS, INC january 2008 ACCENT SYSTEMS, INC January 2008 GREAT YEAR INDUSTRIES CORP. january_2008 GREAT YEAR INDUSTRIES CORP. january 2008 MANNASOFT TECHNOLOGY CORP. january 2008 RCW CONSTRUCTION AND DEVT. February 2008 3G CABLENET AND CONSULTANCY March 2008 GOUDIE ASSOCIATES MANILA LTD. March 2008 WORK GROUP, INC. March 2008 RCW CONSTRUCTION AND DEVT. April 2008 3G CABLENET AND CONSULTANCY April 2008 MANNASOFT TECHNOLOGY CORP. june 2008 MANNASOFT TECHNOLOGY CORP. july 2008 DIGITALKEY PRINT AND TRADE July 2008 MANNASOFT TECHNOLOGY CORP. August 2008 FEDERAL PROTECTION SYSTEMS, August 2008 MANNASOFT TECHNOLOGY CORP.

DECISION CTA CASE NO. 8532 Page 30 of33 August 2008 MANNASOFT TECHNOLOGY CORP. 37,889.43 September 2008 RCW CONSTRUCTION AND DEVT. 34,868.31 September 2008 3G CABLENET AND CONSULTANCY October 2008 LAMCO INTERNATIONAL TRADING 5,078.65 October 2008 WORK GROUP, INC. 6,203.41 November 2008 3G CABLENET AND CONSULTANCY 4,821.67 November 2008 RCW CONSTRUCTION AND DEVT. 41,785.92 December 2008 ARTWIST VENTURES 72,514.37 December 2008 MANNASOFT TECHNOLOGY CORP. 36,642.68 February 2009 3D NETWORKS PHILIPPINES, INC. 2,293.85 February 2009 3D NETWORKS PHILIPPINES, INC. 55,735.35 February 2009 ACCENT MICRO TECHNOLOGIES, INC 195,693.29 February 2009 ARTWIST VENTURES 156,564.75 March 2009 FEDERAL PROTECTION SYSTEMS, 18,321.36 May2009 GATEWAY NETWORKS SOLUTIONS, 61,071.40 May_2009 HEWLETT-PACKARD PHILIPPINES 4,923.08 june 2009 GATEWAY NETWORKS SOLUTIONS, 12,302.88 june 2009 WORK GROUP, INC. 2,880.19 july_2009 GOUDIE ASSOCIATES MANILA LTD. 3,214.15 july 2009 MANNASOFT TECHNOLOGY CORP 20,159.90 july 2009 MANNASOFT TECHNOLOGY CORP july 2009 MANNASOFT TECHNOLOGY CORP 192.27 July 2009 MANNASOFT TECHNOLOGY CORP 192.27 july2009 MANNASOFT TECHNOLOGY CORP 192.27 july 2009 MANNASOFT TECHNOLOGY CORP 385.02 July 2009 MANNASOFT TECHNOLOGY CORP 192.27 july 2009 MANNASOFT TECHNOLOGY CORP 1,924.15 july 2009 MANNASOFT TECHNOLOGY CORP 192.27 July 2009 MANNASOFT TECHNOLOGY CORP 577.29 july_2009 MANNASOFT TECHNOLOGY CORP 192.27 july 2009 TECHNICOM ELECTRONICS TRADING 192.27 August 2009 GREAT YEAR INDUSTRIES CORP. 192.27 August 2009 ISPUTING ENTERPRISE 25,371.50 August 2009 MANNASOFT TECHNOLOGY CORP. 43,135.89 August 2009 MANNASOFT TECHNOLOGY CORP. 11,847.85 August 2009 MANNASOFT TECHNOLOGY CORP. 1,773.68 August 2009 MANNASOFT TECHNOLOGY CORP. 1,773.68 August 2009 RCW CONSTRUCTION AND DEVT. 40,797.61 August 2009 SEAFOOD VENTURES CORPORATION 5,321.53 August 2009 SEAFOOD VENTURES CORPORATION 247,500.00 September 2009 3D NETWORKS PHILIPPINES, INC. (17.70) September 2009 3D NETWORKS PHILIPPINES, INC. 892.82 September 2009 3D NETWORKS PHILIPPINES, INC. 99,462.32 Sep_tember 2009 ACCENT SYSTEMS, INC 149,193.24 September 2009 ACCENT SYSTEMS, INC 773,017.41 September 2009 ARTWIST VENTURES 33,053.62 September 2009 ARTWIST VENTURES 198,321.26 September 2009 ARTWIST VENTURES 13,178.74 September 2009 ELID TECHNOLOGY INTERNATIONAL 56,757.97 9,459.42 18,673.43

DECISION CTA CASE NO. 8532 September 2009 GOUDIE ASSOCIATES MANILA LTD. 20,159.90 September 2009 GOUDIE ASSOCIATES MANILA LTD. 6,719.81 September 2009 GREAT YEAR INDUSTRIES CORP. 86,271.50 September 2009 HOFFSMAN SYSTEMATIC DESIGNS, 97,907.25 September 2009 HOFFSMAN SYSTEMATIC DESIGNS, 16,317.87 September 2009 ISPUTING ENTERPRISE 3,664.25 September 2009 NEPTELSYSTEMINTEGRATORINC 10,714.49 September 2009 NEPTELSYSTEMINTEGRATORINC 41,838.65 September 2009 NEPTELSYSTEMINTEGRATOR!NC 6,964.25 September 2009 NEPTELSYSTEMINTEGRATOR!NC 6,972.95 September 2009 RCW CONSTRUCTION AND DEVT. 10,639.13 September 2009 RCW CONSTRUCTION AND DEVT. 495,000.00 September 2009 RCW CONSTRUCTION AND DEVT. 67,898.55 September 2009 RCW CONSTRUCTION AND DEVT. 82,500.00 September 2009 TECHN!COM ELECTRONICS TRADING 14,413.04 September 2009 WORK GROUP, INC. 3,214.49 December 2009 TR!-SKY LINK SALES 13,885.71 sub-total 6,048,770.51 TOTAL p 14,516,934.47 Divided by life of capital goods 60 months Multiply by number of months amortized (lanuary to September 20101 9 months Input VAT amortization on purchases of capital goods from prior p 2,177,540.17 years In summation, petitioner's substantiated input VAT for the second, third, and fourth quarters of FY 2010 amounts to P11,023,599.66, as computed below: Claimed Input VAT p 36,959,792.49 Less: Disallowances P15,757,333.62 Per ICPA Findings 373,378.23 16,130,710.85 Input VAT on Domestic Purchases Other Than Capital Goods (Annexes 7 to 9) 7,414,975.20 Amortized Portion of Input VAT on Purchases of Capital Goods Exceeding 2,177,540.17 P1Million (Annex 6) Per this Court's Findings 212,966.61 9,805,481.98 Input VAT on Domestic Purchases of Goods Other Than Capital Goods P11,0Z3,598.66 Amortized Portion of Input VAT on Purchases of Capital Goods Exceeding P1Million- prior years Unaccounted Input VAT on Domestic Purchases Other Than Caj)ital Goods Substantiated Input VAT

DECISION CTA CASE NO. 8532 After applying petitioner's substantiated input VAT of P11,023,598.66 against its output VAT of P2,028,674.30 for the subject period of claim, there remains an excess input VAT of P8,994,924.36, which can be attributed to the entire zero-rated sales/receipts declared by petitioner in the amount of P1,869,282,602.11. Hence, only the input VAT of P1,744,797.94 can be attributed to petitioner's valid zero-rated sales of P362,595,648.52, viz: Substantiated Input VAT p 11,023,598.66 Less: Output VAT 2,028,674.30 Excess Input VAT p 8,994,924.36 Substantiated Zero-Rated Sales/Receipts 362,595,648.52 Divided by Total Reported Zero-Rated Sales/Receipts 1,869,282,602.11 Multiply by Substantiated Excess Input VAT Excess Input VAT attributable to the Valid 8,994,924.36 Zero-Rated Sales/Receipts p 1,744,797.94 Although the claimed input VAT was carried over by petitioner in the succeeding Quarterly VAT Returns from the first quarter of FY 2011 to the second quarter of FY 201249, the same remained unutilized since it was deducted5� from petitioner's total available input tax in the second quarter of FY 2012. Consequently, the subject claim no longer formed part of the excess input VAT of P84,603,837.0651 as of the second quarter of FY 2012 which was carried over/applied to the succeeding third quarter of FY 2012.52 WHEREFORE, premises considered, the instant Petition for Review is PARTIALLY GRANTED in the reduced amount of P1,744,797.94 representing the petitioner's unutilized input VAT attributable to its zero-rated sales for the second to fourth quarters of FY 2010. SO ORDERED. ~ CAESAR A. CASANOVA Associate Justice ., Exhibits 1-8,1-10,1-12,1-14,1-16 and 1-18 so Line 23D, Exhibit 1-18 ''Line 27, Exhibit J-1-a sz Line 20E, Exhibit FF-2.1

DECISION CTA CASE NO. 8532 We Concur: a~~-~'i. (On Leave) AMELIA R. COTANGCO-MANALASTAS JDANITO c. CASTANEDAY')R'. Associate Justice Associate Justice ATTESTATION I attest that the conclusions in the above Decision were reached in consultation before the case was assigned to the writer of the opinion of the Court's Division. ))... ~-~ c..~~~/ .9.. f(JANITO C. CASTANEDA, ,tR: Associate Justice Chairperson, Second Division CERTIFICATION Pursuant to Article VIII, Section 13 of the Constitution, and the Division Chairperson's Attestation, it is hereby certified that the conclusions in the above Decision were reached in consultation before the case was assigned to the writer of the opinion ofthe Court's Division. Presiding Justice

Emerson Electric (Asia) Limited- ROHQ vs. CIR AnnexA CTA Case No. 8532 Exhibit Payee I Disallowed Input VAT 1. Input tax on purchases of goods supported by "NON VAT" invoices W-2 Meteorite Trading 13,392.86 W-3 Meteorite Trading 17,678.58 W-316 RRM Jr. Water Refilling Station 160.18 W-317 RRM Jr. Water Refilling Station 345.00 W-318 RRM Jr. Water Refilling Station 431.25 W-319 RRM Jr. Water Refilling Station 295.71 W-320 RRM Jr. Water Refilling Station 492.86 W-321 RRM Jr. Water Refilling Station 776.25 W-322 RRM Jr. Water Refilling Station 726.96 W-509 RRM Jr. Water Refilling Station 431.25 W-510 RRM Jr. Water Refilling Station 517.50 W-511 RRM Jr. Water Refilling Station 345.00 W-512 RRM Jr. Water Refilling Station 394.29 W-513 RRM Jr. Water Refilling Station 603.75 W-514 RRM Jr. Water Refilling Station 320.36 W-515 RRM Jr. Water Refilling Station 431.25 W-765 Asia Pacific Circulation Exponents, Inc. 1,337.06 Sub-total 38,680.11 2. Input tax on purchases of goods supported by invoices not duly registered with the SIR W-60 Newton Integrated Solutions 857.14 W-405 Neptel Systems Integrator Inc. 3,045.54 W-406 Neptel Systems Integrator Inc. 1,762.50 W-407 Neptel Systems Integrator Inc. 707.14 W-844 Newton Integrated Solutions 771.43 Sub-total 7,143.7S 3. Input tax on purchases of goods supported by TIN invoices W-364 Halftone Prints 605.00 W-365 Halftone Prints 260.35 W-366 Halftone Prints 3,535.71 W-367 Halftone Prints 1,465.45 Sub-total S,866.S1 4. Input tax on purchases of goods supported by ZERO RATED invoices W-875 Champion Fine Tooling Corporation 12,535.71 W-1150 Majorie Marketing Inc. 1,251.44 W-1151 Majorie Marketing Inc. 626.79 Sub-total 14,413.94 S. Input tax on purchases of goods not separately indicated in the invoices W-438 Brother Cool Aircon Services 85.71 W-761 Union Motor Corporation 12,857.12 W-762 Union Motor Corporation 9,535.71 W-794 Files Enterprises Manufacturing Corporation 748.18 W-905 Isputing Enterprise 4,821.43 W-989 Neptel Systems Integrator Inc. 1,575.00 W-1208 Neptel Systems Integrator Inc. 313.39 Sub-total 29,936.S4 6. Input tax on purchases of goods not supported by VAT invoices W-579 Alliance Fashion Wear 35,160.60 W-1114 Culinary Treasure Food Services, Inc. 5,382.86 W-1207 Misnet Education, Inc. 3,642.86 Sub-total 44,186.32 7. Input tax on importations supported by official receipts not in the name of petitioner Page 1 of30

Emerson Electric (Asia) Limited- ROHQ vs. CIR AnnexA CTA Case No. 8532 Exhibit Payee Disallowed Input VAT X-1 Airfreight 2100, Inc. 28.17 X-11 DHL Global Forwarding (Philippines), Inc. 1,158.39 X-29 Airfreight 2100, Inc. 28.29 X-30 Airfreight 2100, Inc. 28.29 X-31 Airfreight 2100, Inc. 28.26 X-40 DHL Express (Philippines) Corp. 1,625.00 X-41 DHL Global Forwarding (Philippines), Inc. 31,368.00 X-50 DHL Express (Philippines) Corp. 1,052.00 Sub-total 3S,316.40 8. Input tax on importations of goods supported by undated official receipts X-2 DHL Express (Philippines) 1,457.00 X-3 DHL Express (Philippines) 2,747.00 X-10 DHL Express (Philippines) Corp. 957.00 X-36 DHL Express (Philippines) Corp. 434.00 Sub-total S,595.00 9. Input tax on purchases of services not separately indicated in the official receipts Y- 2 Airfreight 2100, Inc. 28.65 Y- 3 Airfreight 2100, Inc. 28.77 Y- 4 Airfreight 2100, Inc. 99.93 Y- 5 Alliance Fashion Wear 35,160.60 Y- 6 American English Skills Development Center Inc. 660.00 Y- 7 BSD Holdings Corporation 8,842.27 Y- 15 Database Wizards, Inc. 18,257.14 Y- 16 DHL Express (Philippines) 54.55 Y-17 DHL Express (Philippines) 54.55 Y- 18 DHL Express (Philippines) 63.40 Y- 19 DHL Express (Philippines) 63.40 Y- 20 DHL Express (Philippines) 63.40 Y- 21 DHL Express (Philippines) 39.16 Y- 22 DHL Express (Philippines) 54.55 Y- 23 DHL Express (Philippines) 39.16 Y- 24 DHL Express (Philippines) 261.07 Y- 25 DHL Express (Philippines) 52.21 Y- 26 DHL Express (Philippines) 54.55 Y- 27 DHL Express (Philippines) 55.94 Y- 28 DHL Express (Philippines) 65.27 Y- 29 DHL Express (Philippines) 40.09 Y- 30 DHL Express (Philippines) 921.21 Y- 31 DHL Express (Philippines) 515.62 Y- 32 DHL Express (Philippines) 95.57 Y- 33 DHL Express (Philippines) 54.55 Y- 34 DHL Express (Philippines) 95.57 Y- 35 DHL Express (Philippines) 247.09 Y- 36 DHL Express (Philippines) 95.57 Y- 37 DHL Express (Philippines) 54.55 Y- 38 DHL Express (Philippines) 54.55 Y- 39 DHL Express (Philippines) 53.61 Y- 40 DHL Express (Philippines) 122.61 Y- 41 DHL Express (Philippines) 95.57 Y- 42 DHL Express (Philippines) 65.27 Y- 43 DHL Express (Philippines) 40.09 Y- 44 DHL Express (Philippines) 65.27

Emerson Electric (Asia) Limited - ROHQ vs. CIR Annex A CTA Case No. 8532 Disallowed Input VAT Exhibit Payee 65.27 65.27 Y- 45 DHL Express (Philippines) 65.27 65.27 Y- 46 DHL Express (Philippines) 65.27 95.57 Y- 47 DHL Express (Philippines) 84.85 84.85 Y- 48 DHL Express (Philippines) 40.09 40.09 Y- 49 DHL Express (Philippines) 65.27 55.94 Y- 50 DHL Express (Philippines) 65.27 65.27 Y- 51 DHL Express (Philippines) 138.46 40.09 Y- 52 DHL Express (Philippines) 195.34 40.09 Y- 53 DHL Express (Philippines) 258.28 Y- 54 DHL Express (Philippines) 265.73 288.58 Y- 55 DHL Express (Philippines) 212.59 169.70 Y- 56 DHL Express (Philippines) 127.74 361.31 Y- 57 DHL Express (Philippines) 103.03 662.47 Y- 58 DHL Express (Philippines) 847.55 86.25 Y- 59 DHL Express (Philippines) 16,071.43 57,483.00 Y- 60 DHL Express (Philippines) 27.93 Y- 61 DHL Express (Philippines) 28.44 35,160.60 Y- 62 DHL Express (Philippines) 4,304.82 4,304.82 Y- 63 DHL Express (Philippines) 4,304.82 4,304.82 Y- 64 DHL Express (Philippines) 20,595.42 918.67 Y- 65 DHL Express (Philippines) 918.67 682.07 Y- 66 DHL Express (Philippines) 85.95 273.57 Y- 67 DHL Express (Philippines) 273.57 84.57 Y- 68 DHL Express (Philippines) 80.41 137.71 Y- 69 DHL Express (Philippines) 40.20 40.20 Y-70 DHL Express (Philippines) -105.82 Y-71 DHL Express (Philippines) 1,426.06 Y-72 DHL Express (Philippines) Y- 73 DHL Express (Philippines) Y-76 EON Inc. Y- 77 Hewitt Associates, Inc. Y-79 Airfreight 2100, Inc. Y- 80 Airfreight 2100, Inc. Y- 81 Alliance Fashion Wear Y- 82 Amberland Corporation Y- 83 Amberland Corporation Y-84 Amberland Corporation Y- 85 Amberland Corporation Y- 86 Century Properties Management Y- 93 DHL Express (Philippines) Corp. Y- 94 DHL Express (Philippines) Corp. Y- 95 DHL Express (Philippines) Corp. Y- 96 DHL Express (Philippines) Corp. Y- 97 DHL Express (Philippines) Corp. Y- 98 DHL Express (Philippines) Corp. Y- 99 DHL Express (Philippines) Corp. Y- 100 DHL Express (Philippines) Corp. Y- 101 DHL Express (Philippines) Corp. Y- 102 DHL Express (Philippines) Corp. Y- 103 DHL Express (Philippines) Corp. Y- 104 DHL Express (Philippines) Corp. Y- 105 DHL Express (Philippines) Corp.

Emerson Electric (Asia) Limited- ROHQ vs. CIR AnnexA CTA Case No. 8532 Disallowed Input VAT Exhibit Payee 53.60 77.63 Y- 106 DHL Express (Philippines) Corp. 110.91 Y- 107 DHL Express (Philippines) Corp. 62,374.58 Y- 108 DHL Express (Philippines) Corp. 6,600.00 7,200.00 Y-119 Globe Telecom 6,600.00 18,776.65 Y- 121 Jnnove Communications 7,200.00 2,652.00 Y- 122 Innove Communications 1,587.96 10,116.00 Y- 123 Innove Communications 55.45 Y- 124 Jnnove Communications 137.71 139.09 Y- 125 Jnnove Communications 40.20 133.55 Y-126 IT Group, Inc. 337.34 8,842.27 Y- 128 Oracle (Philippines) Corp. 329.94 56.38 Y- 129 Rhodelia 5. Duerme 43.90 244.92 Y- 131 DHL Express (Philippines) Corp. 72.55 40.20 Y- 132 DHL Express (Philippines) Corp. 64.70 40.20 Y- 133 DHL Express (Philippines) Corp. 64.70 64.70 Y- 134 DHL Express (Philippines) Corp. 64.70 40.20 Y- 135 DHL Express (Philippines) Corp. 84.57 64.70 Y-136 DHL Express (Philippines) Corp. 64.70 176.99 Y-138 BSD Holdings Corporation 40.20 64.70 Y- 139 DHL Express (Philippines) Corp. 64.70 39.74 Y- 140 DHL Express (Philippines) Corp. 48.00 48.00 Y- 141 DHL Express (Philippines) Corp. 48.00 48.00 Y- 142 DHL Express (Philippines) Corp. 48.00 96.00 Y- 143 DHL Express (Philippines) Corp. 144.00 7,912.88 Y-144 DHL Express (Philippines) Corp. 271.93 347.18 Y- 145 DHL Express (Philippines) Corp. 287.17 51.71 Y- 146 DHL Express (Philippines) Corp. 59.56 . Y-147 DHL Express (Philippines) Corp. Y- 148 DHL Express (Philippines) Corp. Y- 149 DHL Express (Philippines) Corp. Y-150 DHL Express (Philippines) Corp. Y- 151 DHL Express (Philippines) Corp. Y- 152 DHL Express (Philippines) Corp. Y- 153 DHL Express (Philippines) Corp. Y- 154 DHL Express (Philippines) Corp. Y- 155 DHL Express (Philippines) Corp. Y- 156 DHL Express (Philippines) Corp. Y- 157 DHL Express (Philippines) Corp. Y- 158 DHL Express (Philippines) Corp. Y- 159 Ace Millenium Graphic Printer Y- 160 Ace Millenium Graphic Printer Y- 161 Ace Millenium Graphic Printer Y- 162 Ace Millenium Graphic Printer Y- 163 Ace Millenium Graphic Printer Y- 164 Ace Millenium Graphic Printer Y- 165 Ace Millenium Graphic Printer Y- 166 Anvaya Cove Beach and Nature Club Y- 169 DHL Express (Philippines) Corp. Y- 170 DHL Express (Philippines) Corp. Y- 171 DHL Express (Philippines) Corp. Y- 172 DHL Express (Philippines) Corp. Y-173 DHL Express (Philippines) Corp.

Emerson Electric (Asia) Limited - ROHQ vs. CIR AnnexA CTA Case No. 8532 Disallowed Input VAT Exhibit Payee 149.12 59.56 Y- 174 DHL Express (Philippines) Corp. 140.81 135.73 Y- 175 DHL Express (Philippines) Corp. 135.73 51.71 Y- 176 DHL Express (Philippines) Corp. 42.94 62.79 Y- 177 DHL Express (Philippines) Corp. 63.25 52.17 Y- 178 DHL Express (Philippines) Corp. 82.64 62.79 Y- 179 DHL Express (Philippines) Corp. 42.94 109.88 Y- 180 DHL Express (Philippines) Corp. 82.64 92.80 Y- 181 DHL Express (Philippines) Corp. 92.80 92.80 Y- 182 DHL Express (Philippines) Corp. 82.64 96.49 Y- 183 DHL Express (Philippines) Corp. 60.48 60.48 Y- 184 DHL Express (Philippines) Corp. 1,170.00 Y-185 DHL Express (Philippines) Corp. 3,960.00 432,000.00 Y- 186 DHL Express (Philippines) Corp. 6,600.00 71,181.30 Y- 187 DHL Express (Philippines) Corp. 716.25 Y- 188 DHL Express (Philippines) Corp. 1,375.35 Y- 189 DHL Express (Philippines) Corp. 261.60 214.29 Y- 190 DHL Express (Philippines) Corp. 342.86 160.71 Y- 191 DHL Express (Philippines) Corp. 160.71 257.14 Y- 192 DHL Express (Philippines) Corp. 216.37 284.81 Y- 193 DHL Express (Philippines) Corp. 236.50 S,882.35 Y- 194 DHL Express (Philippines) Corp. 24,846.16 267.86 Y- 195 DHL Express (Philippines) Corp. 5,142.86 26,464.29 Y- 196 Digitalkey Print and Trade 4,763.88 93,252.00 Y- 197 Environmental Compliance Consultants Int1. Corp. 283,4S2.62 48.00 Y- 198 ESE Realty, Inc. 35,160.60 675.00 Y- 199 Extreme Adventures, Inc. 857.14 3,750.00 Y- 200 Globe Telecom 2,534.03 Y- 201 Globe Telecom Y- 202 Globe Telecom Y- 203 Globe Telecom Y- 204 Globe Telecom Y- 205 Globe Telecom Y- 206 Globe Telecom Y- 207 Globe Telecom Y- 208 Globe Telecom Y- 209 Globe Telecom Y- 210 Globe Telecom Y- 211 Globe Telecom Y- 214 I -CLD Consulting Inc. Y- 215 Innove Communications Y- 216 Isputing Enterprise Y- 217 Isputing Enterprise Y- 218 Jo-Jes Printmaster Y- 220 Oracle (Philippines) Corp. Y- 228 San Miguel Corporation Retirement Plan Y- 229 Tierra International Construction Corporation Y- 230 Ace Millenium Graphic Printer Y- 231 Alliance Fashion Wear Y- 232 Amberland Corporation Y- 233 BAF Engineering Services Y- 234 BAF Engineering Services Y- 235 BSD Holdings Corporation

Emerson Electric (Asia) Limited- ROHQ vs. CIR AnnexA CTA Case No. 8532 Disallowed Input VAT Exhibit Payee 9,726.42 51.72 Y- 236 BSD Holdings Corporation 2,035.39 1,568.57 Y- 239 canon Marketing (Philippines), Inc. 3,120.00 14,303.57 Y- 240 canon Marketing (Philippines), Inc. 15,387.00 8,594.92 Y- 246 Development Academy of the Philippines 1,067.82 Y- 247 Digitalkey Print and Trade 73,480.44 2,499.72 Y- 248 Digitalkey Print and Trade 1,471.48 44.44 Y- 254 Extreme Adventures, Inc. 84,013.80 Y- 255 Ezra General Services, Inc. 6,600.00 7,200.00 Y- 256 Ezra General Services, Inc. 5,328.00 5,328.00 Y- 257 Globe Telecom 56,336.36 Y- 258 Health Partners Dental Access 3,750.00 Y- 259 Health Partners Dental Access 300.00 600.00 Y- 260 Health Partners Dental Access 6,847.20 34,236.00 Y- 261 Hewitt Associates, Inc. 1,500.00 812.97 Y- 262 Innove Communications 497.09 497.09 Y- 263 Innove Communications 587.09 497.09 Y-264 Manila Bulletin Publishing Corp. 497.09 1,989.92 Y- 265 Manila Bulletin Publishing Corp. 497.09 2,015.43 Y- 266 Micasa Realty Holdings, Inc. 937.19 12,450.23 Y- 267 Mobilex car and Truck Rental, Inc. 2,400.00 183.17 Y- 268 MVS Multimedia Services 356.59 183.17 Y- 269 Neville-Clarke Philippines Inc. 219.80 219.80 Y- 270 Oracle (Philippines) Corp. 1,140.48 1,166.36 Y- 271 Oracle (Philippines) Corp. 790.79 790.66 Y- 272 Platinum 168 Inc. 923.75 1,856.86 Y- 274 Prime at Technology Specialists, Inc. 1,253.15 842.34 Y- 275 Quantuvis Resources Corporation -1,216.51 Y- 276 Quantuvis Resources Corporation 8,035.72 Y- 277 Quantuvis Resources Corporation Y- 278 Quantuvis Resources Corporation Y- 279 Quantuvis Resources Corporation Y- 280 Quantuvis Resources Corporation Y- 281 Quantuvis Resources Corporation Y- 282 Quantuvis Resources Corporation Y- 283 Quantuvis Resources Corporation Y-284 Quantuvis Resources Corporation Y- 286 RRS Management System Consulting Incorporation Y- 289 Veterans Philippine Scouts Security Agency Y- 290 Veterans Philippine Scouts Security Agency Y- 291 Veterans Philippine Scouts Security Agency Y- 292 Veterans Philippine Scouts Security Agency Y- 293 Veterans Philippine Scouts Security Agency Y- 294 Veterans Philippine Scouts Security Agency Y- 295 Veterans Philippine Scouts Security Agency Y- 296 Veterans Philippine Scouts Security Agency Y- 297 Veterans Philippine Scouts Security Agency Y- 298 Veterans Philippine Scouts Security Agency Y- 299 Veterans Philippine Scouts Security Agency Y- 300 Veterans Philippine Scouts Security Agency Y- 301 Veterans Philippine Scouts Security Agency Y- 302 Veterans Philippine Scouts Security Agency Y- 303 Work Group, Inc.

Emerson Electric (Asia) Limited - ROHQ vs. CIR AnnexA CTA Case No. 8532 Disallowed Input VAT Exhibit Payee 2,678.57 1,071.43 Y- 304 Work Group, Inc. 4,414.29 Y- 305 Work Group, Inc. 13,146.00 96.00 Y- 306 World Spices International Cuisine, Inc. 96.00 48.00 Y- 307 Abenson, Inc. 240.00 192.00 Y- 311 Ace Millenium Graphic Printer 96.00 48.00 Y- 312 Ace Millenium Graphic Printer 48.00 48.00 Y- 313 Ace Millenium Graphic Printer 2,738.06 Y- 314 Ace Millenium Graphic Printer 11,342.14 Y- 315 Ace Millenium Graphic Printer 675.00 8,400.00 Y- 316 Ace Millenium Graphic Printer 20,595.42 20,595.42 Y- 317 Ace Millenium Graphic Printer 20,595.42 20,235.42 Y- 318 Ace Millenium Graphic Printer 20,235.42 18,321.43 Y- 319 Ace Millenium Graphic Printer 18,771.43 Y- 320 Aju Global Transport Corp. 600.00 325.33 Y- 321 Aju Global Transport Corp. 53.33 49.78 Y- 322 Amberland Corporation 112.44 130.22 Y- 323 Antel Land Holdings, Inc. 115.11 108.00 Y- 324 Century Properties Management, Inc. 37.78 76.89 Y- 325 Century Properties Management, Inc. 108.00 254.67 Y- 326 Century Properties Management, Inc. 764.44 37.78 Y- 327 Century Properties Management, Inc. 130.22 37.78 Y- 328 Century Properties Management, Inc. 130.22 61.33 Y- 329 Database Wizards, Inc. 125.78 867.56 Y- 330 Database Wizards, Inc. 575.11 102.22 Y- 332 Dell's Restaurant Associates, Inc. 50.67 130.22 Y- 333 DHL Express (Philippines) Corp. 115.11 115.11 Y- 334 DHL Express (Philippines) Corp. 130.22 130.22 Y- 335 DHL Express (Philippines) Corp. Y- 336 DHL Express (Philippines) Corp. Y- 337 DHL Express (Philippines) Corp. Y- 338 DHL Express (Philippines) Corp. Y- 339 DHL Express (Philippines) Corp. Y- 340 DHL Express (Philippines) Corp. Y- 341 DHL Express (Philippines) Corp. Y- 342 DHL Express (Philippines) Corp. Y- 343 DHL Express (Philippines) Corp. Y- 344 DHL Express (Philippines) Corp. Y- 345 DHL Express (Philippines) Corp. Y- 346 DHL Express (Philippines) Corp. Y- 347 DHL Express (Philippines) Corp. Y- 348 DHL Express (Philippines) Corp. Y- 349 DHL Express (Philippines) Corp. Y- 350 DHL Express (Philippines) Corp. Y- 351 DHL Express (Philippines) Corp. Y- 352 DHL Express (Philippines) Corp. Y- 353 DHL Express (Philippines) Corp. Y- 354 DHL Express (Philippines) Corp. Y- 355 DHL Express (Philippines) Corp. Y- 356 DHL Express (Philippines) Corp. Y- 357 DHL Express (Philippines) Corp. Y- 358 DHL Express (Philippines) Corp. Y- 359 DHL Express (Philippines) Corp.

Emerson Electric (Asia) Limited- ROHQ vs. CIR AnnexA CTA Case No. 8532 Disallowed Input VAT Exhibit Payee 130.22 115.11 Y- 360 DHL Express (Philippines) Corp. 115.11 115.11 Y- 361 DHL Express (Philippines) Corp. 108.00 256.89 Y- 362 DHL Express (Philippines) Corp. 37.78 52.44 Y- 363 DHL Express (Philippines) Corp. 226.67 80.89 Y- 364 DHL Express (Philippines) Corp. 252.89 143.56 Y- 365 DHL Express (Philippines) Corp. 355.56 114.67 Y- 366 DHL Express (Philippines) Corp. 399.11 50.67 Y- 367 DHL Express (Philippines) Corp. 61.33 115.11 Y- 368 DHL Express (Philippines) Corp. 115.11 130.22 Y- 369 DHL Express (Philippines) Corp. 332.00 765.78 Y- 370 DHL Express (Philippines) Corp. 132.89 41.33 Y- 371 DHL Express (Philippines) Corp. 52.44 61.33 Y- 372 DHL Express (Philippines) Corp. 2,160.00 Y- 373 DHL Express (Philippines) Corp. 2,664.00 3,840.00 Y- 374 DHL Express (Philippines) Corp. 3,964.80 3,840.00 Y- 375 DHL Express (Philippines) Corp. 3,211.20 Y- 376 DHL Express (Philippines) Corp. 240.00 360.00 Y- 377 DHL Express (Philippines) Corp. 745.20 476.79 Y- 378 DHL Express (Philippines) Corp. 3,471.43 3,298.91 Y- 379 DHL Express (Philippines) Corp. 16,690.67 973.2S Y- 380 DHL Express (Philippines) Corp. 11,261.97 7,954.42 Y- 381 DHL Express (Philippines) Corp. 71,645.52 1,919.66 Y- 382 DHL Express (Philippines) Corp. 2,497.50 594.64 Y- 383 DHL Express (Philippines) Corp. 676.33 8,400.00 Y- 384 DHL Express (Philippines) Corp. 22,368.17 6,203.69 Y- 385 DHL Express (Philippines) Corp. 4,034.65 5,938.20 Y- 388 Digitalkey Print and Trade Y- 389 Digitalkey Print and Trade Y- 390 Digitalkey Print and Trade Y- 391 Digitalkey Print and Trade Y- 392 Digitalkey Print and Trade Y- 393 Digitalkey Print and Trade Y- 394 Digitalkey Print and Trade Y- 395 Digitalkey Print and Trade Y- 396 Digitalkey Print and Trade Y- 398 Entom Pest Control and Gen. Services Corp. Y- 399 Executive Training Institute of the Phils. Y- 400 Exeqserve Corporation Y- 401 Ezra General Services, Inc. Y- 402 Ezra General Services, Inc. Y- 403 Ezra General Services, Inc. Y- 404 Global Quest Consulting Group, Inc. Y- 405 Globe Telecom, Inc. Y- 406 Health Partners Dental Access Y- 407 Health Partners Dental Access Y- 408 Health Partners Dental Access Y- 409 Health Partners Dental Access Y- 410 H Lilagan Enterprises Y- 411 Innove Communications, Inc. Y- 412 Intellicare Y- 413 Intellicare Y- 414 Lane Moving and Storage

Emerson Electric (Asia) Limited - ROHQ vs. CIR AnnexA CTA Case No. 8532 Disallowed Input VAT Exhibit Payee 10,422.49 3,075.46 Y- 415 Mannasoft Technology Corp. 14,896.83 7,691.68 Y- 416 Mannasoft Technology Corp. 5,125.71 1,178.57 Y- 417 Maximum Solution Corporation 288.47 589.29 Y- 418 Maximum Solution Corporation 8,357.14 1,942.20 Y- 419 Metro Parking Management (Phils.) Inc. 570.00 4,763.88 Y- 420 Mobilex Car and Truck Rental, Inc. 4,763.88 1,500.00 Y- 421 Mobilex Car and Truck Rental, Inc. 1,806.22 1,972.46 Y- 422 Mobilex Car and Truck Rental, Inc. 1,027.74 1,245.51 Y- 423 Mobilex Car and Truck Rental, Inc. 1,156.85 1,102.08 Y- 424 Mrs. Myrna Pyun 2,021.61 2,770.34 Y- 425 Neville-Clarke Philippines, Inc. 5,462.50 1,212.48 Y- 426 Oracle (Philippines), Corp. 402.03 1,599.12 Y- 427 Oracle (Philippines), Corp. 1,521.62 2,119.46 Y- 428 Platinum 168 Inc. 2,625.51 1,691.18 Y- 429 Prime at Technology Specialists, Inc. 1,743.66 4,112.98 Y- 430 Prime at Technology Specialists, Inc. 1,703.08 1,672.71 Y- 431 Prime at Technology Specialists, Inc. 1,987.35 4,134.24 Y- 432 Prime at Technology Specialists, Inc. 4,313.98 1,043.91 Y- 433 Prime at Technology Specialists, Inc. 944.81 1,110.29 Y- 434 Prime at Technology Specialists, Inc. 2,779.78 922.99 Y- 435 Prime at Technology Specialists, Inc. 4,381.07 722.32 Y- 436 Prime at Technology Specialists, Inc. 655.95 1,236.06 Y- 437 Prime at Technology Specialists, Inc. 1,348.43 525.19 Y- 438 Prime at Technology Specialists, Inc. 1,354.57 806.02 Y- 439 Prime at Technology Specialists, Inc. 4,344.20 1,422.22 Y- 440 Prime at Technology Specialists, Inc. Y- 441 Prime at Technology Specialists, Inc. Y-442 Prime at Technology Specialists, Inc. Y-443 Prime at Technology Specialists, Inc. Y-444 Prime at Technology Specialists, Inc. Y-445 Prime at Technology Specialists, Inc. Y- 446 Prime at Technology Specialists, Inc. Y- 447 Prime at Technology Specialists, Inc. Y- 448 Prime at Technology Specialists, Inc. Y- 449 Prime at Technology Specialists, Inc. Y- 450 Prime at Technology Specialists, Inc. Y- 451 Prime at Technology Specialists, Inc. Y- 452 Prime at Technology Specialists, Inc. Y- 453 Prime at Technology Specialists, Inc. Y- 454 Prime at Technology Specialists, Inc. Y- 455 Prime at Technology Specialists, Inc. Y- 456 Prime at Technology Specialists, Inc. Y- 457 Prime at Technology Specialists, Inc. Y- 458 Prime at Technology Specialists, Inc. Y- 459 Prime at Technology Specialists, Inc. Y- 460 Prime at Technology Specialists, Inc. Y- 461 Prime at Technology Specialists, Inc. Y- 462 Prime at Technology Specialists, Inc. Y- 463 Prime at Technology Specialists, Inc. Y- 464 Prime at Technology Specialists, Inc. Y- 465 Prime at Technology Specialists, Inc. Y- 466 Prime at Technology Specialists, Inc.

Emerson Electric (Asia) Limited - ROHQ vs. CIR AnnexA CTA Case No. 8532 Disallowed Input VAT Exhibit Payee 1,728.34 1,612.70 Y- 467 Prime at Technology Specialists, Inc. 1,236.06 1,432.35 Y- 468 Prime at Technology Specialists, Inc. 1,247.82 1,995.37 Y- 469 Prime at Technology Specialists, Inc. 1,620.13 1,026.90 Y- 470 Prime at Technology Specialists, Inc. 1,147.93 1,074.52 Y- 471 Prime at Technology Specialists, Inc. 899.07 5,918.22 Y- 472 Prime at Technology Specialists, Inc. 1,216.68 Y- 473 Prime at Technology Specialists, Inc. 46,371.43 4,753.35 Y-474 Prime at Technology Specialists, Inc. 81.28 Y- 475 Prime at Technology Specialists, Inc. 881.07 762.40 Y-476 Prime at Technology Specialists, Inc. 250.19 Y- 477 Prime at Technology Specialists, Inc. 6.60 104.31 Y- 478 Prime at Technology Specialists, Inc. 232.78 480.40 Y- 479 Prime at Technology Specialists, Inc. 232.01 428.86 Y- 480 Promo One Trading 1,909.22 1,160.83 Y-481 RON Construction And Devt. Corp. 789.70 1,140.48 Y-482 Ricoh (Philippines), Inc. 219.80 219.80 Y-483 Ricoh (Philippines), Inc. 441.53 219.80 Y- 484 Ricoh (Philippines), Inc. 219.80 817.66 Y- 485 Ricoh (Philippines), Inc. 1,175.52 1,140.48 Y- 489 TNT Express Worldwide (Phils.) Inc. 856.69 6,495.54 Y- 490 TNT Express Worldwide (Phils.) Inc. 10,392.86 259.80 Y-491 Veterans Philippine Scouts Security Agency 5,357.14 192.00 Y- 492 Veterans Philippine Scouts Security Agency 48.00 48.00 Y-493 Veterans Philippine Scouts Security Agency 144.00 2,224.29 Y- 494 Veterans Philippine Scouts Security Agency 10,178.57 7,144.29 Y- 495 Veterans Philippine Scouts Security Agency 675.00 9,726.42 Y- 496 Veterans Philippine Scouts Security Agency 44,208.21 Y- 497 Veterans Philippine Scouts Security Agency Y- 498 Veterans Philippine Scouts Security Agency Y- 499 Veterans Philippine Scouts Security Agency Y- 500 Veterans Philippine Scouts Security Agency Y- 501 Veterans Philippine Scouts Security Agency Y- 502 Veterans Philippine Scouts Security Agency Y- 503 Veterans Philippine Scouts Security Agency Y- 504 Veterans Philippine Scouts Security Agency Y- 505 Veterans Philippine Scouts Security Agency Y- 506 Veterans Philippine Scouts Security Agency Y- 507 Veterans Philippine Scouts Security Agency Y- 508 Activeone Health, Inc. Y- 509 Activeone Health, Inc. Y- 510 Activeone Health, Inc. Y- 511 Adexhibit Incorporated Y- 512 Ace Millennium Graphic Printer Y- 513 Ace Millennium Graphic Printer Y- 514 Ace Millennium Graphic Printer Y- 515 Ace Millennium Graphic Printer Y- 516 Aju Global Transport Corp. Y- 517 Aju Global Transport Corp. Y- 518 Aju Global Transport Corp. Y- 519 Amberland Corporation Y- 520 BSD Holdings Corporation Y- 525 Canyon Cove Residential Beach Resort

Emerson Electric (Asia) Limited - ROHQ vs. CIR AnnexA CTA Case No. 8532 Disallowed Input VAT Exhibit Payee 1,060.80 Y- 529 Digitalkey Print And Trade 600.00 Y- 530 Digitalkey Print And Trade 5,357.14 Y- 536 El Cirkulo Y- 537 Ernie Clarete 169,200.00 Y- 538 Ezra General Services, Inc. 7,759.25 Y- 539 Ezra General Services, Inc. 9,987.88 Y- 540 Ezra General Services, Inc. 7,494.26 Y- 541 Ezra General Services, Inc. Y- 542 Ezra General Services, Inc. 21,030.16 Y- 543 Ezra General Services, Inc. 1,172.87 Y- 544 Ezra General Services, Inc. 1,001.32 Y- 545 Ezra General Services, Inc. Y- 546 Ezra General Services, Inc. 13,923.38 Y- 547 Ezra General Services, Inc. 994.74 Y- 548 Ezra General Services, Inc. Y- 549 Ezra General Services, Inc. 1,107.85 Y- 550 Ezra General Services, Inc. 1,161.65 Y- 551 Ezra General Services, Inc. 8,909.90 Y- 552 Ezra General Services, Inc. 9,131.81 Y- 553 Ezra General Services, Inc. 9,169.86 Y- 554 Ezra General Services, Inc. 8,957.08 Y- 556 Fridays Holdings Inc. 9,026.95 Y- 557 Globe Telecom, Inc. 9,571.49 Y- 558 Globe Telecom, Inc. 9,208.54 Y- 559 Globe Telecom, Inc. 21,942.86 Y- 560 Globe Telecom, Inc. Y- 561 Globe Telecom, Inc. 102.48 Y- 562 Globe Telecom, Inc. 76.12 Y- 563 Globe Telecom, Inc. 256.18 Y- 564 Globe Telecom, Inc. 120.18 Y- 565 Globe Telecom, Inc. 68,579.41 Y- 566 Globe Telecom, Inc. 746.95 Y- 567 Globe Telecom, Inc. 85.71 Y- 568 Globe Telecom, Inc. 128.57 Y- 569 Globe Telecom, Inc. 309.70 Y- 570 Globe Telecom, Inc. 917.33 Y- 571 Globe Telecom, Inc. 257.14 Y- 572 Globe Telecom, Inc. 128.57 Y- 573 Globe Telecom, Inc. 128.57 Y- 574 Globe Telecom, Inc. 871.19 Y- 575 Globe Telecom, Inc. 134.96 Y- 576 Globe Telecom, Inc. 578.38 Y- 577 Globe Telecom, Inc. 331.53 Y- 578 Globe Telecom, Inc. 256.63 Y- 579 Globe Telecom, Inc. 177.82 Y- 580 Globe Telecom, Inc. 117.56 Y- 581 Globe Telecom, Inc. 128.57 Y- 582 Globe Telecom, Inc. 257.14 Y- 583 Globe Telecom, Inc. 180.00 Y- 584 Globe Telecom, Inc. 85.71 Y- 585 Globe Telecom, Inc. 128.57 Y- 586 Globe Telecom, Inc. 204.00 131.28 85.71 370.45 128.57

Emerson Electric (Asia) Limited - ROHQ vs. CIR AnnexA CTA Case No. 8532 Disallowed Input VAT Exhibit Payee 85.71 Y- 587 Globe Telecom, Inc. 204.00 128.57 Y- 588 Globe Telecom, Inc. 451.52 463.24 Y- 589 Globe Telecom, Inc. 128.57 413.63 Y- 590 Globe Telecom, Inc. 439.03 442.21 Y- 591 Globe Telecom, Inc. 297.34 128.57 Y- 592 Globe Telecom, Inc. 451.60 901.23 Y- 593 Globe Telecom, Inc. 287.62 316.32 Y- 594 Globe Telecom, Inc. 249.32 491.90 Y- 595 Globe Telecom, Inc. 142.91 198.47 Y- 596 Globe Telecom, Inc. 85.71 85.71 Y- 597 Globe Telecom, Inc. 85.82 164.32 Y- 598 Globe Telecom, Inc. 98.63 85.71 Y- 599 Globe Telecom, Inc. 128.57 257.14 Y- 600 Globe Telecom, Inc. 609.80 128.57 Y- 601 Globe Telecom, Inc. 434.16 160.71 Y- 602 Globe Telecom, Inc. 175.88 128.57 Y- 603 Globe Telecom, Inc. 250.49 75.59 Y- 604 Globe Telecom, Inc. 602.96 916.59 Y- 605 Globe Telecom, Inc. 515.36 1,466.68 Y- 606 Globe Telecom, Inc. 7.20 Y- 607 Globe Telecom, Inc. 3,647.14 1,947.30 Y- 608 Globe Telecom, Inc. 69,157.62 68,309.40 Y- 609 Globe Telecom, Inc. 4,101.67 4,101.67 Y- 610 Globe Telecom, Inc. 27,999.66 26,006.53 Y- 611 Globe Telecom, Inc. 11,518.07 Y- 612 Globe Telecom, Inc. 816.00 5,805.59 Y- 613 Globe Telecom, Inc. 5,928.89 Y- 614 Globe Telecom, Inc. Y- 615 Globe Telecom, Inc. Y- 616 Globe Telecom, Inc. Y- 617 Globe Telecom, Inc. Y- 618 Globe Telecom, Inc. Y- 619 Globe Telecom, Inc. Y- 620 Globe Telecom, Inc. Y- 621 Globe Telecom, Inc. Y- 622 Globe Telecom, Inc. Y- 623 Health Partners Dental Access Y- 624 Health Partners Dental Access Y- 625 Health Partners Dental Access Y- 626 Health Partners Dental Access Y- 627 Health Partners Dental Access Y- 628 Health Partners Dental Access Y- 629 Hewitt Associates, Inc. Y- 630 Hewitt Associates, Inc. Y- 631 Ideal Vision Y- 632 Ideal Vision Y- 633 Ideas Enterprises Y- 635 Intellicare Y- 636 lntellicare Y- 637 Intellicare Y- 638 Intellicare Y- 639 Intellicare

Emerson Electric (Asia) Limited- ROHQ vs. CIR AnnexA CTA Case No. 8532 Disallowed Input VAT Exhibit Payee 5,661.19 4,750.91 Y- 640 Intellicare 5,328.00 2,688.00 Y- 641 Intellicare 15,456.90 3,600.00 Y- 642 Manila Bulletin Publishing Corp. 3,600.00 3,600.00 Y-643 Maximum Solution Corporation 557.87 658.92 Y-644 Maximum Solution Corporation 4,382.40 1,369.44 Y- 645 Mediabanc Manila Monitoring Services, Inc. 5,478.00 5,477.76 Y- 646 Mediabanc Manila Monitoring Services, Inc. 1,080.00 Y- 647 Mediabanc Manila Monitoring Services, Inc. 42,723.67 1,153.86 Y- 648 Mobilex Car And Truck Rental, Inc. 2,802.48 1,055.52 Y- 649 Mobilex Car And Truck Rental, Inc. 987.03 2,621.59 Y- 650 Oracle (Philippines) Corp. 979.99 1,083.31 Y- 651 Oracle (Philippines) Corp. 1,255.08 2,613.48 Y- 652 Oracle (Philippines) Corp. 1,459.21 Y- 653 Oracle (Philippines) Corp. 32,991.48 36,684.27 Y- 654 Peme Consultancy, Inc. 1,016.42 Y- 656 Prime at Technology Specialists, Inc. 759.93 Y- 657 Prime at Technology Specialists, Inc. 2,321.90 1,840.37 Y- 658 Prime at Technology Specialists, Inc. 1,382.14 1,468.05 Y- 659 Prime at Technology Specialists, Inc. 1,444.29 3,056.82 Y- 660 Prime at Technology Specialists, Inc. 1,069.00 1,918.25 Y- 661 Prime at Technology Specialists, Inc. 528.35 Y- 662 Prime at Technology Specialists, Inc. 1,093.89 3,267.79 Y- 663 Prime at Technology Specialists, Inc. 1,165.46 2,414.54 Y- 664 Prime at Technology Specialists, Inc. 703.91 Y- 665 Prime at Technology Specialists, Inc. 1,166.00 Y- 666 Prime at Technology Specialists, Inc. 893.20 33,964.11 Y- 667 Prime at Technology Specialists, Inc. 591.75 Y- 668 Prime at Technology Specialists, Inc. 3,363.93 210,825.48 Y- 669 Prime at Technology Specialists, Inc. 1,446.43 Y- 670 Prime at Technology Specialists, Inc. 160.71 Y- 671 Prime at Technology Specialists, Inc. Y- 672 Prime at Technology Specialists, Inc. Y- 673 Prime at Technology Specialists, Inc. Y- 674 Prime at Technology Specialists, Inc. Y- 675 Prime at Technology Specialists, Inc. Y- 676 Prime at Technology Specialists, Inc. Y- 677 Prime at Technology Specialists, Inc. Y- 678 Prime at Technology Specialists, Inc. Y- 679 Prime at Technology Specialists, Inc. Y- 680 Prime at Technology Specialists, Inc. Y- 681 Prime at Technology Specialists, Inc. Y- 682 Prime at Technology Specialists, Inc. Y- 683 Prime at Technology Specialists, Inc. Y- 684 Prime at Technology Specialists, Inc. Y- 685 Prime at Technology Specialists, Inc. Y- 686 Prime at Technology Specialists, Inc. Y- 687 Prime at Technology Specialists, Inc. Y- 688 Primover Consultancy Services Incorporated Y- 689 Punta De Fabian Resort, Inc. Y- 691 Rizadel Realty Corporation Y- 693 Technoprints, Inc. Y- 694 Technoprints, Inc.

Emerson Electric {Asia) Limited - ROHQ vs. CIR AnnexA CTA Case No. 8532 Disallowed Input VAT Exhibit Payee 86.45 Y- 695 Technoprints, Inc. 9,867.86 36.60 Y- 696 The First Villa Cristina Hotel & Resort, Inc. 109.20 Y- 697 TNT Express Worldwide (Phils.) Inc. 1,911.98 944.07 Y- 698 TNT Express Worldwide (Phils.) Inc. 1,771.03 Y- 699 Toyota Pasong Tamo, Inc 4,821.43 1,567.50 Y- 700 Toyota Pasong Tamo, Inc 1,140.48 1,160.49 Y- 701 Toyota Pasong Tamo, Inc 862.63 Y- 702 Two-Way Link Job Solutions 438.36 219.80 Y-703 Veterans Philippine Scouts Security Agency 219.80 398.39 Y-704 Veterans Philippine Scouts Security Agency 210.64 210.64 Y- 705 Veterans Philippine Scouts Security Agency 1,216.51 1,216.90 Y- 706 Veterans Philippine Scouts Security Agency 880.73 630.49 Y- 707 Veterans Philippine Scouts Security Agency 219.80 216.75 Y-708 Veterans Philippine Scouts Security Agency 347.55 10,666.66 Y-709 Veterans Philippine Scouts Security Agency 4,004.46 4,004.46 Y-710 Veterans Philippine Scouts Security Agency 10,116.00 219.80 Y-711 Veterans Philippine Scouts Security Agency 344.38 10,666.66 Y- 712 Veterans Philippine Scouts Security Agency 144.00 259.80 Y- 713 Veterans Philippine Scouts Security Agency 1,607.14 170.56 Y- 714 Veterans Philippine Scouts Security Agency 675.00 9,726.42 Y- 715 Veterans Philippine Scouts Security Agency 9,726.42 13,564.29 Y- 716 Veterans Philippine Scouts Security Agency 7,028.57 Y- 717 Veterans Philippine Scouts Security Agency 5.96 229.25 Y-718 Veterans Philippine Scouts Security Agency 332.87 122.42 Y- 719 Veterans Philippine Scouts Security Agency 1,447.50 191.20 Y- 720 Visions and Breakthroughs International, Inc. 182.94 1,133.88 Y-723 Renato D. Nayona 571.76 763.41 Y-724 Renato D. Nayona 149.93 Y-725 Rhodelia S. Duerme Y- 726 Veterans Philippine Scouts Security Agency Y- 727 Veterans Philippine Scouts Security Agency Y- 728 Visions and Breakthroughs International, Inc. Y- 730 Ace Millennium Graphic Printer Y- 731 Activeone Health, Inc. Y-732 Airconditioning And Refrigeration Technologists, Inc. Y- 733 Airfreight 2100, Inc. Y- 734 Amberland Corporation Y- 735 BSD Holdings Corporation Y- 736 BSD Holdings Corporation Y-742 Club Punta Fuego, Inc. Y-744 Development Dimensions International Philippines, Inc. Y- 745 DHL Express (Philippines) Corp. Y- 746 DHL Express (Philippines) Corp. Y-747 DHL Express (Philippines) Corp. Y- 748 DHL Express (Philippines) Corp. Y- 749 DHL Express (Philippines) Corp. Y-750 DHL Express (Philippines) Corp. Y- 751 DHL Express (Philippines) Corp. Y-752 DHL Express (Philippines) Corp. Y- 753 DHL Express (Philippines) Corp. Y- 754 DHL Express (Philippines) Corp. Y- 755 DHL Express (Philippines) Corp.

Emerson Electric (Asia) Limited - ROHQ vs. CIR AnnexA CTA Case No. 8532 Disallowed Input VAT Exhibit Payee 55.48 55.48 Y- 756 DHL Express (Philippines) Corp. 411.28 Y- 757 DHL Express (Philippines) Corp. 144.89 592.39 Y- 758 DHL Express (Philippines) Corp. 232.46 127.46 Y-759 DHL Express (Philippines) Corp. 152.68 637.78 Y-760 DHL Express (Philippines) Corp. 668.04 84.82 Y- 761 DHL Express (Philippines) Corp. 61.44 121.96 Y-762 DHL Express (Philippines) Corp. 121.50 81.61 Y- 763 DHL Express (Philippines) Corp. 139.39 121.96 Y- 764 DHL Express (Philippines) Corp. 39.89 39.89 Y-765 DHL Express (Philippines) Corp. 138.01 65.11 Y-766 DHL Express (Philippines) Corp. 416.78 69.23 Y- 767 DHL Express (Philippines) Corp. 170.56 193.49 Y- 768 DHL Express (Philippines) Corp. 85.74 53.65 Y- 769 DHL Express (Philippines) Corp. 121.96 39.89 Y-770 DHL Express (Philippines) Corp. 547.91 67.40 Y- 771 DHL Express (Philippines) Corp. 177.90 177.90 Y- 772 DHL Express (Philippines) Corp. 121.50 177.90 Y- 773 DHL Express (Philippines) Corp. 95.37 177.90 Y-774 DHL Express (Philippines) Corp. 95.37 95.37 Y-775 DHL Express (Philippines) Corp. 177.90 177.90 Y-776 DHL Express (Philippines) Corp. 177.90 6,960.00 Y- 777 DHL Express (Philippines) Corp. 9,792.00 3,158.58 Y- 778 DHL Express (Philippines) Corp. 3,600.00 4,560.00 Y- 779 DHL Express (Philippines) Corp. 4,560.00 1,088.71 Y- 780 DHL Express (Philippines) Corp. 73,413.37 Y-781 DHL Express (Philippines) Corp. -78,971.64 Y-782 DHL Express (Philippines) Corp. 73,445.10 Y- 783 DHL Express (Philippines) Corp. Y- 784 DHL Express (Philippines) Corp. Y-785 DHL Express (Philippines) Corp. Y-786 DHL Express (Philippines) Corp. Y-787 DHL Express (Philippines) Corp. Y- 788 DHL Express (Philippines) Corp. Y- 789 DHL Express (Philippines) Corp. Y- 790 DHL Express (Philippines) Corp. Y- 791 DHL Express (Philippines) Corp. Y-792 DHL Express (Philippines) Corp. Y-793 DHL Express (Philippines) Corp. Y-794 DHL Express (Philippines) Corp. Y-795 DHL Express (Philippines) Corp. Y-796 DHL Express (Philippines) Corp. Y-797 DHL Express (Philippines) Corp. Y- 801 Digitalkey Print and Trade Y- 802 Digitalkey Print and Trade Y- 803 Digitalkey Print and Trade Y- 804 Digitalkey Print and Trade Y- 811 Environmental Compliance Consultants Int'l. Corp. Y- 812 Environmental Compliance Consultants Int'l. Corp. Y- 813 Ezra General Services, Inc. Y- 814 Globe Telecom, Inc. Y- 815 Hewitt Associates, Inc. Y- 816 Hewitt Associates, Inc.

Emerson Electric (Asia) Limited - ROHQ vs. CIR AnnexA CTA Case No. 8532 Disallowed Input VAT Exhibit Payee 749.95 Y- 817 Hyundai Global City Hub 21,931.89 27,840.00 Y- 818 Innove Communications, Inc. 28,373.79 12,144.72 Y- 819 Intersoft, Inc. 11,781.04 13,277.40 Y- 820 Learninglitz, Inc. 5,357.14 Y- 823 Maximum Solution Corporation 760.23 12,642.86 Y- 824 Maximum Solution Corporation 5,477.76 4,763.88 Y- 825 Maximum Solution Corporation 1,080.00 1,511.43 Y- 826 Microimaging Sales & Services, Inc 1,602.28 1,466.85 Y- 827 Mobilex Car And Truck Rental, Inc. 400.05 Y- 828 Mobilex Car And Truck Rental, Inc. 552.71 2,287.76 Y- 829 Oracle (Philippines) Corp. 2,537.73 3,420.86 Y- 830 Oracle (Philippines) Corp. 1,414.31 18,873.23 Y- 831 Peme Consultancy, Inc. 4,404.34 528.00 Y- 832 Prime at Technology Specialists, Inc. 4,004.40 6,829.20 Y- 833 Prime at Technology Specialists, Inc. 43,170.00 8,940.96 Y- 834 Prime at Technology Specialists, Inc. 10,469.28 23,618.40 Y- 835 Prime at Technology Specialists, Inc. 10,116.00 14,400.00 Y- 836 Prime at Technology Specialists, Inc. 6,851.56 2,359.49 Y- 837 Prime at Technology Specialists, Inc. 2,254.52 1,954.17 Y- 838 Prime at Technology Specialists, Inc. 2,445.29 2,269.36 Y- 839 Prime at Technology Specialists, Inc. 2,328.98 2,057.14 Y-840 Primover Consultancy Services Incorporated 2,502.86 2,640.00 Y- 841 Quantuvis Resources Corporation 17,095.86 22,121.61 Y- 842 Quantuvis Resources Corporation 22,292.71 7,200.00 Y-843 RCW Construction and Devt. Corp 7,200.00 6,600.00 Y- 844 RCW Construction and Devt. Corp 6,600.00 6,600.00 Y- 845 RCW Construction and Devt. Corp 6,480.00 Y- 846 RCW Construction and Devt. Corp Y- 847 RCW Construction and Devt. Corp Y- 848 RCW Construction and Devt. Corp Y- 849 RCW Construction and Devt. Corp Y- 850 Rhodelia S. Duerme Y- 853 Watson Wyatt Philippines, Inc. Y- 859 The Peninsula Manila Y- 860 Alarm Security and Investigation Services Inc. Y- 861 Alarm Security and Investigation Services Inc. Y- 862 Alarm Security and Investigation Services Inc. Y- 863 Alarm Security and Investigation Services Inc. Y- 864 Alarm Security and Investigation Services Inc. Y- 865 Alarm Security and Investigation Services Inc. Y- 866 Database Wizards, Inc. Y- 867 Database Wizards, Inc. Y- 868 Guthrie-Jensen Consultants, Inc. Y- 869 Innove Communications, Inc. Y- 870 Innove Communications, Inc. Y- 871 Innove Communications, Inc. Y- 872 Innove Communications, Inc. Y- 873 Innove Communications, Inc. Y- 874 Innove Communications, Inc. Y- 875 Innove Communications, Inc. Y- 876 Innove Communications, Inc. Y- 878 Meinhardt Philippines, Inc.

Emerson Electric (Asia) Limited - ROHQ vs. CIR AnnexA CTA Case No. 8532 Disallowed Input VAT Exhibit Payee 150.00 Y- 883 Adventure International Tours Inc. 1,607.14 675.00 Y- 884 Airconditioning And Refrigeration Technologists, Inc. 647.00 267.86 Y- 885 Amber/and Corporation 9,726.42 Y- 886 American Technologies, Inc. 3,910.71 Y- 887 American Technologies, Inc. 912.36 11,316.27 Y- 888 BSD Holdings Corporation 1,014.79 Y- 889 Database Wizards, Inc. 18,500.71 12,278.74 Y- 890 Ezra General Services, Inc. 9,765.25 Y- 891 Ezra General Services, Inc. 10,006.42 9,228.16 Y- 892 Ezra General Services, Inc. 80.41 Y- 893 Ezra General Services, Inc. 250.39 108.25 Y- 894 Ezra General Services, Inc. 104.35 Y- 895 Ezra General Services, Inc. 85.71 334.50 Y- 896 Ezra General Services, Inc. 146.50 573.56 Y- 897 Ezra General Services, Inc. 417.36 651.22 Y- 898 Globe Telecom, Inc. 547.56 128.57 Y- 899 Globe Telecom, Inc. 128.57 415.63 Y- 900 Globe Telecom, Inc. 128.57 128.57 Y- 901 Globe Telecom, Inc. 128.79 199.76 Y- 902 Globe Telecom, Inc. 451.62 331.45 Y- 903 Globe Telecom, Inc. 382.21 128.57 Y- 904 Globe Telecom, Inc. 85.71 86.04 Y- 905 Globe Telecom, Inc. 391.16 417.78 Y- 906 Globe Telecom, Inc. 128.57 264.66 Y- 907 Globe Telecom, Inc. 128.57 128.95 Y- 908 Globe Telecom, Inc. 199.22 161.03 Y- 909 Globe Telecom, Inc. 259.00 586.29 Y- 910 Globe Telecom, Inc. 85.71 86.73 Y- 911 Globe Telecom, Inc. 128.57 Y- 912 Globe Telecom, Inc. Y- 913 Globe Telecom, Inc. Y- 914 Globe Telecom, Inc. Y- 915 Globe Telecom, Inc. Y- 916 Globe Telecom, Inc. Y- 917 Globe Telecom, Inc. Y- 918 Globe Telecom, Inc. Y- 919 Globe Telecom, Inc. Y- 920 Globe Telecom, Inc. Y- 921 Globe Telecom, Inc. Y- 922 Globe Telecom, Inc. Y- 923 Globe Telecom, Inc. Y- 924 Globe Telecom, Inc. Y- 925 Globe Telecom, Inc. Y- 926 Globe Telecom, Inc. Y- 927 Globe Telecom, Inc. Y- 928 Globe Telecom, Inc. Y- 929 Globe Telecom, Inc. Y- 930 Globe Telecom, Inc. Y- 931 Globe Telecom, Inc. Y- 932 Globe Telecom, Inc. Y- 933 Globe Telecom, Inc. Y- 934 Globe Telecom, Inc.

Emerson Electric (Asia) Limited- ROHQ vs. CIR AnnexA CTA Case No. 8532 Disallowed Input VAT Exhibit Payee 128.68 Y- 935 Globe Telecom, Inc. 128.57 Y- 936 Globe Telecom, Inc. 125.87 Y- 937 Globe Telecom, Inc. 128.57 Y- 938 Globe Telecom, Inc. 128.57 Y- 939 Globe Telecom, Inc. 85.71 Y- 940 Globe Telecom, Inc. 86.04 Y- 941 Globe Telecom, Inc. 925.22 Y- 942 Globe Telecom, Inc. 713.07 Y- 943 Globe Telecom, Inc. 637.40 Y- 944 Globe Telecom, Inc. Y- 945 Globe Telecom, Inc. 1,025.25 Y- 946 Globe Telecom, Inc. 235.77 Y- 947 Globe Telecom, Inc. 368.17 Y- 948 Globe Telecom, Inc. 128.57 Y- 949 Globe Telecom, Inc. 178.75 Y- 950 Globe Telecom, Inc. 128.57 Y- 951 Globe Telecom, Inc. 187.35 Y- 952 Globe Telecom, Inc. 377.18 Y- 953 Globe Telecom, Inc. 262.44 Y- 954 Globe Telecom, Inc. 128.57 Y- 955 Globe Telecom, Inc. 128.57 Y- 956 Globe Telecom, Inc. 325.69 Y- 957 Globe Telecom, Inc. 802.27 Y- 958 Globe Telecom, Inc. 922.24 Y- 959 Globe Telecom, Inc. 132.39 Y- 960 Globe Telecom, Inc. 173.84 Y- 961 Globe Telecom, Inc. 85.71 Y- 962 Globe Telecom, Inc. 85.71 Y- 963 Globe Telecom, Inc. 304.45 Y- 964 Globe Telecom, Inc. 374.63 Y- 965 Globe Telecom, Inc. 85.71 Y- 966 Globe Telecom, Inc. 85.71 Y- 967 Globe Telecom, Inc. 86.14 Y- 968 Globe Telecom, Inc. 124.29 Y- 969 Globe Telecom, Inc. 537.59 Y- 970 Globe Telecom, Inc. 451.67 Y- 971 Globe Telecom, Inc. 134.20 Y- 972 Globe Telecom, Inc. 153.11 Y- 973 Globe Telecom, Inc. 128.57 Y- 974 Globe Telecom, Inc. 128.57 Y- 975 Globe Telecom, Inc. 380.18 Y- 976 Globe Telecom, Inc. 408.73 Y-977 Globe Telecom, Inc. 521.91 Y- 978 Globe Telecom, Inc. 257.14 Y- 979 Globe Telecom, Inc. 491.24 Y- 980 Globe Telecom, Inc. 329.93 Y- 981 Globe Telecom, Inc. 469.65 Y- 982 Globe Telecom, Inc. 85.71 Y- 983 Globe Telecom, Inc. 85.71 Y- 984 Globe Telecom, Inc. 280.04 Y- 985 Globe Telecom, Inc. 496.74 Y- 986 Globe Telecom, Inc. 359.45

Emerson Electric (Asia) Limited- ROHQ vs. CIR AnnexA CTA Case No. 8532 Disallowed Input VAT Exhibit Payee 549.79 257.14 Y- 987 Globe Telecom, Inc. 257.14 85.82 Y- 988 Globe Telecom, Inc. 101.75 85.71 Y- 989 Globe Telecom, Inc. 414.30 549.89 Y- 990 Globe Telecom, Inc. 306.47 421.25 Y- 991 Globe Telecom, Inc. 419.38 135.97 Y- 992 Globe Telecom, Inc. 204.05 451.71 Y- 993 Globe Telecom, Inc. 269.00 276.96 Y- 994 Globe Telecom, Inc. 204.00 204.00 Y- 995 Globe Telecom, Inc. 160.71 160.71 Y- 996 Globe Telecom, Inc. 180.00 180.00 Y- 997 Globe Telecom, Inc. 204.00 204.00 Y- 998 Globe Telecom, Inc. 204.00 160.71 Y- 999 Globe Telecom, Inc. 160.71 180.11 Y- 1000 Globe Telecom, Inc. 234.18 234.18 Y- 1001 Globe Telecom, Inc. 156.12 234.18 Y- 1002 Globe Telecom, Inc. 270.49 197.82 Y- 1003 Globe Telecom, Inc. 743.88 509.57 Y- 1004 Globe Telecom, Inc. 234.18 428.85 Y- 1005 Globe Telecom, Inc. 468.37 156.12 Y- 1006 Globe Telecom, Inc. 445.67 327.86 Y- 1007 Globe Telecom, Inc. 270.93 285.50 Y- 1008 Globe Telecom, Inc. 1,500.00 Y- 1009 Globe Telecom, Inc. 1,500.00 23,571.43 Y- 1010 Globe Telecom, Inc. 1,142.40 Y- 1011 Globe Telecom, Inc. 695.07 992.74 Y- 1012 Globe Telecom, Inc. 793.31 1,150.90 Y- 1013 Globe Telecom, Inc. Y- 1014 Globe Telecom, Inc. Y- 1015 Globe Telecom, Inc. Y- 1016 Globe Telecom, Inc. Y- 1017 Globe Telecom, Inc. Y- 1018 Globe Telecom, Inc. Y- 1019 Globe Telecom, Inc. Y- 1020 Globe Telecom, Inc. Y- 1021 Globe Telecom, Inc. Y- 1022 Globe Telecom, Inc. Y- 1023 Globe Telecom, Inc. Y- 1024 Globe Telecom, Inc. Y- 1025 Globe Telecom, Inc. Y- 1026 Globe Telecom, Inc. Y- 1027 Globe Telecom, Inc. Y- 1028 Globe Telecom, Inc. Y- 1029 Globe Telecom, Inc. Y- 1030 Globe Telecom, Inc. Y- 1033 Platinum 168 Inc. Y- 1034 Platinum 168 Inc. Y- 1035 RON Construction and Devt. Corp Y- 1036 Ricoh (Philippines), Inc. Y- 1037 Ricoh (Philippines), Inc. Y- 1038 Ricoh (Philippines), Inc. Y- 1039 Ricoh (Philippines), Inc. Y- 1040 Ricoh (Philippines), Inc.

Emerson Electric (Asia) Limited - ROHQ vs. CIR AnnexA CTA Case No. 8532 Disallowed Input VAT Exhibit Payee 770.03 Y- 1041 Ricoh (Philippines), Inc. Y- 1042 Ricoh (Philippines), Inc. 5,786.27 Y- 1043 Ricoh (Philippines), Inc. 681.20 Y- 1044 Ricoh (Philippines), Inc. Y- 1045 Ricoh (Philippines), Inc. 4,394.19 Y- 1046 Ricoh (Philippines), Inc. 956.64 Y- 1047 Ricoh (Philippines), Inc. 302.02 Y- 1048 Ricoh (Philippines), Inc. 762.40 Y- 1049 Ricoh (Philippines), Inc. 154.08 Y- 1050 Ricoh (Philippines), Inc. Y- 1051 Ricoh (Philippines), Inc. 1,019.05 Y- 1052 Ricoh (Philippines), Inc. 55.81 Y- 1053 Ricoh (Philippines), Inc. Y- 1054 Ricoh (Philippines), Inc. 881.07 Y- 1055 Ricoh (Philippines), Inc. 303.94 Y- 1056 Ricoh (Philippines), Inc. 1,019.05 Y- 1057 Ricoh (Philippines), Inc. 906.24 Y- 1058 Ricoh (Philippines), Inc. 634.22 Y- 1059 Ricoh (Philippines), Inc. 1,121.12 Y- 1060 Ricoh (Philippines), Inc. 762.40 Y- 1061 Ricoh (Philippines), Inc. 843.01 Y- 1062 Ricoh (Philippines), Inc. 762.40 Y- 1063 Ricoh (Philippines), Inc. 825.19 Y- 1064 Ricoh (Philippines), Inc. 762.40 Y- 1065 Ricoh (Philippines), Inc. 547.19 Y- 1066 Ricoh (Philippines), Inc. 762.40 Y- 1067 Ricoh (Philippines), Inc. 298.30 Y- 1068 Ricoh (Philippines), Inc. 762.40 Y- 1069 Ricoh (Philippines), Inc. 209.34 Y- 1070 Ricoh (Philippines), Inc. 806.16 Y- 1071 Ricoh (Philippines), Inc. 357.24 Y- 1072 Ricoh (Philippines), Inc. 642.68 Y- 1073 Ricoh (Philippines), Inc. 751.08 Y- 1074 Ricoh (Philippines), Inc. 522.15 Y- 1075 Ricoh (Philippines), Inc. 762.40 Y- 1076 Ricoh (Philippines), Inc. 508.28 Y- 1077 Ricoh (Philippines), Inc. 539.28 Y- 1078 Ricoh (Philippines), Inc. 145.62 Y- 1079 Ricoh (Philippines), Inc. 539.28 Y- 1080 Ricoh (Philippines), Inc. 197.96 Y- 1081 Ricoh (Philippines), Inc. 539.28 Y- 1082 Ricoh (Philippines), Inc. 88.55 Y- 1083 Ricoh (Philippines), Inc. 539.27 Y-1084 Ricoh (Philippines), Inc. 1,052.88 Y- 1085 Ricoh (Philippines), Inc. 858.97 Y- 1086 Ricoh (Philippines), Inc. 726.77 Y- 1087 Ricoh (Philippines), Inc. 1,019.05 Y- 1088 Ricoh (Philippines), Inc. 285.61 Y- 1089 Ricoh (Philippines), Inc. 154.34 Y- 1090 Ricoh (Philippines), Inc. 906.24 Y- 1091 Ricoh (Philippines), Inc. 1,410.33 Y- 1092 Ricoh (Philippines), Inc. 906.24 152.79 930.60 880.54

Emerson Electric (Asia) Limited - ROHQ vs. CIR AnnexA CTA Case No. 8532 Disallowed Input VAT Exhibit Payee 106.37 880.54 Y- 1093 Ricoh (Philippines), Inc. 1,676.41 Y- 1094 Ricoh (Philippines), Inc. 770.Q3 132.48 Y- 1095 Ricoh (Philippines), Inc. 1,019.05 Y- 1096 Ricoh (Philippines), Inc. 728.29 Y- 1097 Ricoh (Philippines), Inc. 1,019.05 722.43 Y- 1098 Ricoh (Philippines), Inc. 1,019.05 Y- 1099 Ricoh (Philippines), Inc. 1,423.87 1,019.05 Y- 1100 Ricoh (Philippines), Inc. 383.13 Y- 1101 Ricoh (Philippines), Inc. 1,019.05 Y- 1102 Ricoh (Philippines), Inc. 539.52 1,019.05 Y- 1103 Ricoh (Philippines), Inc. 398.18 Y- 1104 Ricoh (Philippines), Inc. 1,019.05 Y- 1105 Ricoh (Philippines), Inc. 445.67 1,019.05 Y- 1106 Ricoh (Philippines), Inc. 878.43 Y- 1107 Ricoh (Philippines), Inc. 1,019.05 Y- 1108 Ricoh (Philippines), Inc. 103.29 138.69 Y- 1109 Ricoh (Philippines), Inc. 770.03 47.71 Y- 1110 Ricoh (Philippines), Inc. 54.31 Y- 1111 Ricoh (Philippines), Inc. 182.51 381,281.25 Y- 1112 Ricoh (Philippines), Inc. 6,141.33 2,371.74 Y- 1113 Ricoh (Philippines), Inc. 2,486.18 2,400.00 Y- 1114 Ricoh (Philippines), Inc. 5,328.00 2,016.00 Y- 1115 Ricoh (Philippines), Inc. 2,016.00 26,645.32 Y- 1116 Ricoh (Philippines), Inc. 28,574.15 3,091.20 Y- 1117 Ricoh (Philippines), Inc. 26,821.94 15,664.80 Y- 1118 Ricoh (Philippines), Inc. 8,400.00 1,800.00 Y- 1119 Ricoh (Philippines), Inc. 320.79 32,217.86 Y- 1120 Ricoh (Philippines), Inc. 1,039.29 2,442.32 Y- 1122 Trends and Technologies Inc. 4,209.11 4,106.78 Y- 1123 Edsa Shangri-La Manila 150.00 Y- 1124 Edsa Shangri-La Manila -72.00 Y- 1125 Edsa Shangri-La Manila 150.00 Y- 1129 I -CLD Consulting Inc. Y- 1130 Manila Bulletin Publishing Corp. Y- 1131 Maximum Solution Corporation Y- 1132 Maximum Solution Corporation Y- 1133 Maximum Solution Corporation Y- 1134 Maximum Solution Corporation Y- 1135 Maximum Solution Corporation Y- 1136 Maximum Solution Corporation Y- 1137 Quantuvis Resources Corporation Y- 1138 Quantuvis Resources Corporation Y- 1139 Quantuvis Resources Corporation Y- 1140 Abenson, Inc. Y- 1141 Activeone Health, Inc. Y- 1142 Activeone Health, Inc. Y- 1143 Activeone Health, Inc. Y- 1144 Activeone Health, Inc. Y- 1145 Activeone Health, Inc. Y- 1146 Adventure International Tours Inc. Y- 1147 Adventure International Tours Inc. Y- 1148 Adventure International Tours Inc.

Emerson Electric (Asia) Limited - ROHQ vs. CIR AnnexA CTA Case No. 8532 Disallowed Input VAT Exhibit Payee 150.00 330.00 Y- 1149 Adventure International Tours Inc. 330.00 150.00 Y- 1150 Adventure International Tours Inc. 150.00 330.00 Y- 1151 Adventure International Tours Inc. 150.00 150.00 Y- 1152 Adventure International Tours Inc. 72.00 72.00 Y- 1153 Adventure International Tours Inc. 72.00 72.00 Y- 1154 Adventure International Tours Inc. 330.00 330.00 Y- 1155 Adventure International Tours Inc. 72.00 72.00 Y- 1156 Adventure International Tours Inc. 150.00 150.00 Y- 1157 Adventure International Tours Inc. 150.00 330.00 Y- 1158 Adventure International Tours Inc. 330.00 150.00 Y- 1159 Adventure International Tours Inc. 330.00 150.00 Y- 1160 Adventure International Tours Inc. 72.00 102.00 Y- 1161 Adventure International Tours Inc. 72.00 72.00 Y- 1162 Adventure International Tours Inc. 72.00 150.00 Y- 1163 Adventure International Tours Inc. 150.00 150.00 Y- 1164 Adventure International Tours Inc. 150.00 330.00 Y- 1165 Adventure International Tours Inc. 150.00 150.00 Y- 1166 Adventure International Tours Inc. 150.00 150.00 Y- 1167 Adventure International Tours Inc. 150.00 150.00 Y- 1168 Adventure International Tours Inc. 150.00 150.00 Y- 1169 Adventure International Tours Inc. 150.00 60.00 Y- 1170 Adventure International Tours Inc. 150.00 60.00 Y- 1171 Adventure International Tours Inc. 60.00 150.00 Y- 1172 Adventure International Tours Inc. 150.00 150.00 Y- 1173 Adventure International Tours Inc. 150.00 60.00 Y- 1174 Adventure International Tours Inc. Y- 1175 Adventure International Tours Inc. Y- 1176 Adventure International Tours Inc. Y- 1177 Adventure International Tours Inc. Y- 1178 Adventure International Tours Inc. Y- 1179 Adventure International Tours Inc. Y- 1180 Adventure International Tours Inc. Y- 1181 Adventure International Tours Inc. Y- 1182 Adventure International Tours Inc. Y- 1183 Adventure International Tours Inc. Y- 1184 Adventure International Tours Inc. Y- 1185 Adventure International Tours Inc. Y- 1186 Adventure International Tours Inc. Y- 1187 Adventure International Tours Inc. Y- 1188 Adventure International Tours Inc. Y- 1189 Adventure International Tours Inc. Y- 1190 Adventure International Tours Inc. Y- 1191 Adventure International Tours Inc. Y- 1192 Adventure International Tours Inc. Y- 1193 Adventure International Tours Inc. Y- 1194 Adventure International Tours Inc. Y- 1195 Adventure International Tours Inc. Y- 1196 Adventure International Tours Inc. Y- 1197 Adventure International Tours Inc. Y- 1198 Adventure International Tours Inc. Y- 1199 Adventure International Tours Inc. Y- 1200 Adventure International Tours Inc.

Emerson Electric (Asia) Limited - ROHQ vs. CIR AnnexA CTA Case No. 8532 Disallowed Input VAT Exhibit Payee 60.00 60.00 Y- 1201 Adventure International Tours Inc. 60.00 150.00 Y- 1202 Adventure International Tours Inc. 150.00 150.00 Y- 1203 Adventure International Tours Inc. 150.00 150.00 Y- 1204 Adventure International Tours Inc. 150.00 150.00 Y- 1205 Adventure International Tours Inc. 150.00 Y- 1206 Adventure International Tours Inc. 330.00 150.00 Y- 1207 Adventure International Tours Inc. 330.00 60.00 Y- 1208 Adventure International Tours Inc. 60.00 72.00 Y- 1209 Adventure International Tours Inc. 72.00 72.00 Y- 1210 Adventure International Tours Inc. 72.00 330.00 Y- 1211 Adventure International Tours Inc. 60.00 330.00 Y- 1212 Adventure International Tours Inc. 330.00 150.00 Y- 1213 Adventure International Tours Inc. 150.00 150.00 Y- 1214 Adventure International Tours Inc. 150.00 330.00 Y- 1215 Adventure International Tours Inc. 150.00 150.00 Y- 1216 Adventure International Tours Inc. 150.00 330.00 Y- 1217 Adventure International Tours Inc. 150.00 60.00 Y- 1218 Adventure International Tours Inc. 150.00 102.00 Y- 1219 Adventure International Tours Inc. 150.00 72.00 Y- 1220 Adventure International Tours Inc. 150.00 150.00 Y- 1221 Adventure International Tours Inc. 150.00 150.00 Y- 1222 Adventure International Tours Inc. 150.00 150.00 Y- 1223 Adventure International Tours Inc. 150.00 150.00 Y- 1224 Adventure International Tours Inc. 150.00 150.00 Y- 1225 Adventure International Tours Inc. 60.00 330.00 Y- 1226 Adventure International Tours Inc. 330.00 Y- 1227 Adventure International Tours Inc. Y- 1228 Adventure International Tours Inc. Y- 1229 Adventure International Tours Inc. Y- 1230 Adventure International Tours Inc. Y- 1231 Adventure International Tours Inc. Y- 1232 Adventure International Tours Inc. Y- 1233 Adventure International Tours Inc. Y- 1234 Adventure International Tours Inc. Y- 1235 Adventure International Tours Inc. Y- 1236 Adventure International Tours Inc. Y- 1237 Adventure International Tours Inc. Y- 1238 Adventure International Tours Inc. Y- 1239 Adventure International Tours Inc. Y- 1240 Adventure International Tours Inc. Y- 1241 Adventure International Tours Inc. Y- 1242 Adventure International Tours Inc. Y- 1243 Adventure International Tours Inc. Y- 1244 Adventure International Tours Inc. Y- 1245 Adventure International Tours Inc. Y- 1246 Adventure International Tours Inc. Y- 1247 Adventure International Tours Inc. Y- 1248 Adventure International Tours Inc. Y- 1249 Adventure International Tours Inc. Y- 1250 Adventure International Tours Inc. Y- 1251 Adventure International Tours Inc. Y- 1252 Adventure International Tours Inc.

Emerson Electric (Asia) Limited- ROHQ vs. CIR AnnexA CTA Case No. 8532 Disallowed Input VAT Exhibit Payee 150.00 330.00 Y- 1253 Adventure International Tours Inc. 24.00 330.00 Y- 1254 Adventure International Tours Inc. 72.00 330.00 Y- 1255 Adventure International Tours Inc. 60.00 60.00 Y- 1256 Adventure International Tours Inc. 330.00 150.00 Y- 1257 Adventure International Tours Inc. 150.00 150.00 Y- 1258 Adventure International Tours Inc. 150.00 150.00 Y- 1259 Adventure International Tours Inc. 150.00 72.00 Y- 1260 Adventure International Tours Inc. 72.00 150.00 Y- 1261 Adventure International Tours Inc. 150.00 150.00 Y- 1262 Adventure International Tours Inc. 60.00 150.00 Y- 1263 Adventure International Tours Inc. 150.00 330.00 Y- 1264 Adventure International Tours Inc. 150.00 150.00 Y- 1265 Adventure International Tours Inc. 72.00 72.00 Y- 1266 Adventure International Tours Inc. 72.00 72.00 Y- 1267 Adventure International Tours Inc. 102.00 102.00 Y- 1268 Adventure International Tours Inc. 330.00 60.00 Y- 1269 Adventure International Tours Inc. 72.00 72.00 Y- 1270 Adventure International Tours Inc. 72.00 72.00 Y- 1271 Adventure International Tours Inc. 72.00 60.00 Y- 1272 Adventure International Tours Inc. 60.00 60.00 Y- 1273 Adventure International Tours Inc. 60.00 150.00 Y- 1274 Adventure International Tours Inc. 72.00 60.00 Y- 1275 Adventure International Tours Inc. 330.00 150.00 Y- 1276 Adventure International Tours Inc. 150.00 60.00 Y- 1277 Adventure International Tours Inc. 60.00 150.00 Y- 1278 Adventure International Tours Inc. Y- 1279 Adventure International Tours Inc. Y- 1280 Adventure International Tours Inc. Y- 1281 Adventure International Tours Inc. Y- 1282 Adventure International Tours Inc. Y- 1283 Adventure International Tours Inc. Y- 1284 Adventure International Tours Inc. Y- 1285 Adventure International Tours Inc. Y- 1286 Adventure International Tours Inc. Y- 1287 Adventure International Tours Inc. Y- 1288 Adventure International Tours Inc. Y- 1289 Adventure International Tours Inc. Y- 1290 Adventure International Tours Inc. Y- 1291 Adventure International Tours Inc. Y- 1292 Adventure International Tours Inc. Y- 1293 Adventure International Tours Inc. Y- 1294 Adventure International Tours Inc. Y- 1295 Adventure International Tours Inc. Y- 1296 Adventure International Tours Inc. Y- 1297 Adventure International Tours Inc. Y- 1298 Adventure International Tours Inc. Y- 1299 Adventure International Tours Inc. Y- 1300 Adventure International Tours Inc. Y- 1301 Adventure International Tours Inc. Y- 1302 Adventure International Tours Inc. Y- 1303 Adventure International Tours Inc. Y- 1304 Adventure International Tours Inc.

Emerson Electric (Asia) Limited- ROHQ vs. CIR AnnexA CTA Case No. 8532 Disallowed Input VAT Exhibit Payee 150.00 150.00 Y- 1305 Adventure International Tours Inc. 150.00 150.00 Y- 1306 Adventure International Tours Inc. 150.00 330.00 Y- 1307 Adventure International Tours Inc. 60.00 150.00 Y- 1308 Adventure International Tours Inc. 330.00 24.00 Y- 1309 Adventure International Tours Inc. 24.00 150.00 Y- 1310 Adventure International Tours Inc. 150.00 330.00 Y- 1311 Adventure International Tours Inc. 150.00 150.00 Y- 1312 Adventure International Tours Inc. 150.00 330.00 Y- 1313 Adventure International Tours Inc. 150.00 330.00 Y- 1314 Adventure International Tours Inc. 330.00 150.00 Y- 1315 Adventure International Tours Inc. 330.00 150.00 Y- 1316 Adventure International Tours Inc. 150.00 72.00 Y- 1317 Adventure International Tours Inc. 72.00 72.00 Y- 1318 Adventure International Tours Inc. 1,071.43 Y- 1319 Adventure International Tours Inc. 99.94 Y- 1320 Adventure International Tours Inc. 2,035.39 2,035.39 Y- 1321 Adventure International Tours Inc. 119.01 Y- 1322 Adventure International Tours Inc. 300.00 600.00 Y- 1323 Adventure International Tours Inc. 1,251.43 1,251.43 Y- 1324 Adventure International Tours Inc. 19,242.86 5,785.71 Y- 1325 Adventure International Tours Inc. 11.10 Y- 1326 Adventure International Tours Inc. 3,743.25 1,791.21 Y- 1327 Adventure International Tours Inc. 96.42 Y- 1328 Adventure International Tours Inc. 8,064.00 6,300.00 Y- 1329 Adventure International Tours Inc. 1,083.60 Y- 1330 Adventure International Tours Inc. 637.50 1,601.69 Y- 1331 Adventure International Tours Inc. 4,500.00 1,920.00 Y- 1332 Adventure International Tours Inc. 6,420.00 4,260.00 Y- 1333 Aju Global Transport Corp. Y- 1338 canon Marketing (Philippines), Inc. Y- 1339 Canon Marketing (Philippines), Inc. Y- 1340 Canon Marketing (Philippines), Inc. Y- 1341 Canon Marketing (Philippines), Inc. Y- 1342 CIBI Information, Inc. Y- 1343 CIBI Information, Inc. Y- 1349 Database Wizards, Inc. Y- 1350 Database Wizards, Inc. Y- 1353 Designer Hotel's Inc. Y- 1354 Development Dimensions International Philippines, Inc. Y- 1355 DHL Express (Philippines) Corp. Y- 1356 DHL Express (Philippines) Corp. Y- 1357 DHL Express (Philippines) Corp. Y- 1358 Digitalkey Print and Trade Y- 1359 Digitalkey Print and Trade Y- 1360 Digitalkey Print and Trade Y- 1361 Digitalkey Print and Trade Y- 1363 Edsa Shangri-La Manila Y- 1364 Edsa Shangri-La Manila Y- 1367 Gateway Networks Solutions, Inc. Y- 1368 Gateway Networks Solutions, Inc. Y- 1369 Gateway Networks Solutions, Inc. Y- 1370 Gateway Networks Solutions, Inc.

Emerson Electric (Asia) Limited - ROHQ vs. CIR AnnexA CTA Case No. 8532 Disallowed Input VAT Exhibit Payee 1,320.00 Y- 1371 Guthrie-Jensen Consultants, Inc. 73,810.65 1,071.00 Y- 1372 Hewitt Associates, Inc. 6,600.00 7,682.14 Y- 1373 Hoffsman Systematic Designs, Inc. 8,839.29 1,140.48 Y- 1374 Innove Communications, Inc. 1,151.09 344.38 Y- 1375 Isputing Enterprise 219.80 875.79 Y- 1376 Isputing Enterprise 290.02 1,392.78 Y- 1377 Jamila & Company Security Services, Inc. 355.98 457.48 Y- 1378 Jamila & Company Security Services, Inc. 1,904.76 255.90 Y- 1379 Jamila & Company Security Services, Inc. 1,984.67 720.14 Y- 1380 Jamila & Company Security Services, Inc. 619.79 529.23 Y- 1381 Jamila & Company Security Services, Inc. 1,860.09 1,740.46 Y- 1382 Jamila & Company Security Services, Inc. 1,356.05 375.48 Y- 1383 Jamila & Company Security Services, Inc. 69,742.20 Y- 1384 Jamila & Company Security Services, Inc. 69,742.20 Y- 1385 Jamila & Company Security Services, Inc. 5,220.59 1,002.62 Y- 1386 Jamila & Company Security Services, Inc. 4,715.50 7,445.29 Y- 1387 Jamila & Company Security Services, Inc. 13,234.33 5,129.21 Y- 1388 Jamila & Company Security Services, Inc. 6,146.99 2,613.50 Y- 1389 Jamila & Company Security Services, Inc. 1,671.43 3,595.71 Y- 1390 Jamila & Company Security Services, Inc. 5,328.00 5,328.00 Y- 1391 Jamila & Company Security Services, Inc. 29,558.57 29,558.57 Y- 1392 Jamila & Company Security Services, Inc. 29,822.22 17,223.37 Y- 1393 Jamila & Company Security Services, Inc. 15,000.00 12,321.43 Y- 1394 Jamila & Company Security Services, Inc. 1,607.13 1,667.79 Y- 1395 Jamila & Company Security Services, Inc. 1,588.02 3,683.24 Y- 1396 JCL International Inc. 2,847.81 Y- 1397 JCL International Inc. 959.00 2,640.26 Y- 1398 John Clements Consultants, Inc. Y- 1399 John Clements Consultants, Inc. Y- 1400 John Clements Consultants, Inc. Y- 1401 John Clements Consultants, Inc. Y- 1402 John Clements Consultants, Inc. Y- 1403 John Clements Consultants, Inc. Y- 1404 John Clements Consultants, Inc. Y- 1405 John Clements Consultants, Inc. Y- 1406 Leb Machine Shop Y- 1407 M2 Kleen Carpet Cleaning Y- 1408 Manila Bulletin Publishing Corp. Y- 1409 Manila Bulletin Publishing Corp. Y- 1410 Marsh Philippines, Inc. Y- 1411 Marsh Philippines, Inc. Y- 1412 Maximum Solution Corporation Y- 1413 Maximum Solution Corporation Y- 1414 MDC Group Inc. Y- 1415 Mobilex Car and Truck Rental, Inc. Y- 1416 Mrs. Myrna Pyun Y- 1417 Philippine Center For Creative Imaging Y- 1419 Prime at Technology Specialists, Inc. Y- 1420 Prime at Technology Specialists, Inc. Y- 1421 Prime at Technology Specialists, Inc. Y- 1422 Prime at Technology Specialists, Inc. Y- 1423 Prime at Technology Specialists, Inc.

Emerson Electric (Asia} Limited - ROHQ vs. CIR AnnexA CTA Case No. 8532 Disallowed Input VAT Exhibit Payee 1,038.74 1,085.19 Y- 1424 Prime at Technology Specialists, Inc. 2,221.46 1,002.51 Y- 1425 Prime at Technology Specialists, Inc. 2,504.58 951.14 Y- 1426 Prime at Technology Specialists, Inc. 3,001.85 2,776.77 Y- 1427 Prime at Technology Specialists, Inc. 97.37 1,521.32 Y- 1428 Prime at Technology Specialists, Inc. 712.71 968.73 Y- 1429 Prime at Technology Specialists, Inc. 987.85 966.85 Y- 1430 Prime at Technology Specialists, Inc. 928.50 2,272.94 Y- 1431 Prime at Technology Specialists, Inc. 1,712.11 5,083.91 Y- 1432 Prime at Technology Specialists, Inc. 1,949.08 1,931.96 Y- 1433 Prime at Technology Specialists, Inc. 34,413.01 Y- 1434 Prime at Technology Specialists, Inc. 1,456.22 1,616.03 Y- 1435 Prime at Technology Specialists, Inc. 899.30 918.89 Y- 1436 Prime at Technology Specialists, Inc. 2,361.87 1,287.32 Y- 1437 Prime at Technology Specialists, Inc. 37,153.11 Y- 1438 Prime at Technology Specialists, Inc. 2,422.03 1,580.99 Y- 1439 Prime at Technology Specialists, Inc. 960.00 6,156.00 Y- 1440 Prime at Technology Specialists, Inc. 4,902.00 5,807.14 Y- 1441 Prime at Technology Specialists, Inc. 80.68 1,200.00 Y- 1442 Prime at Technology Specialists, Inc. 7,058.82 1,176.47 Y- 1443 Prime at Technology Specialists, Inc. 400.00 209.64 Y- 1444 Prime at Technology Specialists, Inc. 762.40 131.02 Y- 1445 Prime at Technology Specialists, Inc. 1,019.05 80.20 Y- 1446 Prime at Technology Specialists, Inc. 881.07 626.58 Y- 1447 Prime at Technology Specialists, Inc. 751.08 587.07 Y- 1448 Prime at Technology Specialists, Inc. 762.40 507.77 Y- 1449 Prime at Technology Specialists, Inc. 539.28 Y- 1450 Prime at Technology Specialists, Inc. 53.86 ' Y- 1451 Prime at Technology Specialists, Inc. Y- 1452 Prime at Technology Specialists, Inc. Y- 1453 Prime at Technology Specialists, Inc. Y- 1454 Prime at Technology Specialists, Inc. Y- 1455 Quality Plus Management Consulting Co. Y- 1456 Quality Plus Management Consulting Co. Y- 1457 Quantuvis Resources Corporation Y- 1458 Quantuvis Resources Corporation Y- 1459 Quantuvis Resources Corporation Y- 1460 Renata D. Nayona Y- 1461 Renata D. Nayona Y- 1462 Rentokil Initial Philippines, Inc. Y- 1463 Ricoh (Philippines), Inc. Y- 1464 Ricoh (Philippines), Inc. Y- 1465 Ricoh (Philippines), Inc. Y- 1466 Ricoh (Philippines), Inc. Y- 1467 Ricoh (Philippines), Inc. Y- 1468 Ricoh (Philippines), Inc. Y- 1469 Ricoh (Philippines), Inc. Y- 1470 Ricoh (Philippines), Inc. Y- 1471 Ricoh (Philippines), Inc. Y- 1472 Ricoh (Philippines), Inc. Y- 1473 Ricoh (Philippines), Inc. Y- 1474 Ricoh (Philippines), Inc. Y- 1475 Ricoh (Philippines), Inc.

Emerson Electric {Asia) Limited - ROHQ vs. CIR AnnexA CTA Case No. 8532 Disallowed Input VAT Exhibit Payee 539.28 Y- 1476 Ricoh (Philippines), Inc. 205.58 Y- 1477 Ricoh (Philippines), Inc. 539.28 Y- 1478 Ricoh (Philippines), Inc. 55.16 Y- 1479 Ricoh (Philippines), Inc. 539.28 Y- 1480 Ricoh (Philippines), Inc. Y- 1481 Ricoh (Philippines), Inc. 1,083.31 Y- 1482 Ricoh (Philippines), Inc. 858.97 Y- 1483 Ricoh (Philippines), Inc. 84.43 Y- 1484 Ricoh (Philippines), Inc. 770,03 Y- 1485 Ricoh (Philippines), Inc. 28.65 Y- 1486 Ricoh (Philippines), Inc. 41.74 Y- 1487 Ricoh (Philippines), Inc. 162.54 Y- 1488 Ricoh (Philippines), Inc. Y- 1489 Ricoh (Philippines), Inc. 1,019.05 Y- 1490 Ricoh (Philippines), Inc. 1,019.05 Y- 1491 Ricoh (Philippines), Inc. 1,019.05 Y- 1492 Ricoh (Philippines), Inc. 1,019.05 Y- 1493 Ricoh (Philippines), Inc. 1,019.05 Y- 1494 Ricoh (Philippines), Inc. 1,019.05 Y- 1495 Ricoh (Philippines), Inc. 1,019.05 Y- 1496 Ricoh (Philippines), Inc. 1,019.05 Y- 1497 Ricoh (Philippines), Inc. 1,019.05 Y- 1498 Ricoh (Philippines), Inc. 1,019.05 Y- 1499 Ricoh (Philippines), Inc. 1,019.05 Y- 1500 Ricoh (Philippines), Inc. 1,019.05 Y- 1501 Ricoh (Philippines), Inc. 1,019.05 Y- 1502 Ricoh (Philippines), Inc. Y- 1503 Ricoh (Philippines), Inc. 84.71 Y- 1504 Ricoh (Philippines), Inc. 107.61 Y- 1505 Ricoh (Philippines), Inc. 194.64 Y- 1506 Ricoh (Philippines), Inc. 253.63 Y- 1507 Ricoh (Philippines), Inc. 374.78 Y- 1508 Ricoh (Philippines), Inc. 458.98 Y- 1509 Ricoh (Philippines), Inc. 590.16 Y- 1510 Ricoh (Philippines), Inc. 536.54 Y- 1511 Ricoh (Philippines), Inc. 536.54 Y- 1512 Ricoh (Philippines), Inc. 770.03 Y- 1513 Ricoh (Philippines), Inc. 770.03 Y- 1514 Ricoh (Philippines), Inc. 1,676.41 Y- 1515 Ricoh (Philippines), Inc. 992.74 Y- 1516 Ricoh (Philippines), Inc. 536.54 Y- 1517 Ricoh (Philippines), Inc. 770.03 Y- 1518 Ricoh (Philippines), Inc. 770.03 Y- 1519 Ricoh (Philippines), Inc. 992.74 Y- 1520 Ricoh (Philippines), Inc. 992.74 Y- 1521 Ricoh (Philippines), Inc. 956.64 Y- 1522 Ricoh (Philippines), Inc. 536.54 Y- 1523 Ricoh (Philippines), Inc. 770.03 Y- 1524 Ricoh (Philippines), Inc. 1,676.41 Y- 1525 Ricoh (Philippines), Inc. 770.03 Y- 1526 Ricoh (Philippines), Inc. 992.74 Y- 1527 Ricoh (Philippines), Inc. 992.74 2,396.14 956.64

Emerson Electric (Asia) Limited - ROHQ vs. CIR AnnexA CTA Case No. 8532 Exhibit Payee Disallowed Input VAT Y- 1528 Ricoh (Philippines), Inc. 536.54 Y- 1529 Ricoh (Philippines), Inc. 770.D3 Y- 1530 Ricoh (Philippines), Inc. 1,676.41 Y- 1531 Ricoh (Philippines), Inc. 992.74 Y- 1532 Ricoh (Philippines), Inc. 992.74 Y- 1533 Ricoh (Philippines), Inc. 956.64 Y- 1534 Ricoh (Philippines), Inc. 536.54 Y- 1535 Ricoh (Philippines), Inc. 992.74 Y- 1536 Ricoh (Philippines), Inc. 992.74 Y- 1537 Ricoh (Philippines), Inc. 297.34 Y- 1538 Ricoh (Philippines), Inc. 880.54 Y- 1539 Ricoh (Philippines), Inc. 256.68 Y- 1540 Ricoh (Philippines), Inc. 709.91 Y- 1541 Ricoh (Philippines), Inc. 880.54 Y- 1542 Ricoh (Philippines), Inc. 152.79 Y- 1543 Ricoh (Philippines), Inc. 770.03 Y- 1544 Rizadel Realty Corporation 210,825.48 Y- 1545 Stratsearchasia Search Services 37,440.00 Y- 1546 Toyota Pasong Tamo, Inc. 1,583.14 Y- 1547 V S Benito Realty And Development Corp. 594.11 Y- 1548 BSD Holdings Corporation 9,726.42 Y- 1549 St. Francis Square Realty Corporation 9,600.00 Y- 1551 Felton Realty Development Corp. 75,106.13 Y- 1553 DHL Express (Philippines) 15,698.00 Y- 1567 Ezra General Services, Inc. 16,588.88 Y- 1568 Ezra General Services, Inc. 11,249.10 Y- 1570 Air Filters Philippines, Inc. 13,171.20 Y- 1571 3D Networks Philippines, Inc. 103,757.14 Y- 1572 All Visual and Lights Systems 14,205.54 Y- 1575 Innove Communications, Inc. 20,883.23 Y- 1580 Ezra General Services, Inc. 17,201.88 Y- 1581 Hewitt Associates, Inc. 78,971.64 Y- 1592 Toyota Shaw, Inc. 150,428.57 Y- 1593 Globe Telecom 62,374.58 Sub-total 6,810,453.18 10. Input tax on purchases of services supported by "NON VAT" official receipts Y- 212 Goldline Tours Inc. 1,312.50 Y- 213 Goldline Tours Inc. 1,312.50 Y- 226 Rovian Transport Services 7,778.57 Y- 227 Rovian Transport Services 7,569.64 Y- 852 Rovian Transport Services 5,496.42 Sub-total 23,469.63 11. Input tax on purchases of services supported by official receipts not in the name of petitioner Y- 109 DHL Global Forwarding (Philippines), Inc. 13.89 Y- 526 Daiichi Properties and Development, Inc. 1,680.00 Y- 527 Daiichi Properties and Development, Inc. 6,661.64 Y- 528 Daiichi Properties and Development, Inc. 22,790.88 Y- 531 Directories Philippines Corporation 3,552.86 Y- 805 Directories Philippines Corporation 3,552.86 Sub-total - 38,252.13

Emerson Electric (Asia) Limited- ROHQ vs. CIR AnnexA CTA Case No. 8532 Exhibit I Payee I Disallowed Input VAT 12. Input tax on purchases of services supported by official receipts imprinted with the phrase "Not a valid source of input tax" I "Not to be used for claim of input tax" Y-130 Smart Communications, Inc. 128.57 Y- 288 Signet Distributors, Inc. 474.00 Y- 308 Accent Micro Technologies, Inc. 267.86 Y- 309 Accent Micro Technologies, Inc. 1,092.86 Y- 310 Accent Micro Technologies, Inc. 264.00 Y- 487 Smart Communications, Inc. 128.57 Y- 488 Smart Communications, Inc. 128.57 Y- 729 Accent Micro Technologies, Inc. 288.00 Y- 1121 Signet Distributors, Inc. 558.84 3,331.27 Sub-total 13. Input tax on purchases of services supported by official receipts dated outside the period of claim Y- 387 DHL Global Forwarding (Philippines), Inc. 758.35 Y- 690 Punta De Fabian Resort, Inc. 609.51 Y- 821 Mannasoft Technology Corp 384.86 Y- 822 Mannasoft Technology Corp 192.43 Y- 882 Ace Millennium Graphic Printer Y- 1032 Mannasoft Technology Corp. 48.00 8,254.62 Sub-total 10,247.77 14. Input tax on purchase of services supported by official receipt not duly registered with the BIR Y- 1550 Bonifacio Estate Services Corporation 12,000.00 Sub-total 12,000.00 15. Input tax on purchases of services not supported by official receipts 21,077.20 W-902 Frasers Hospitality Investments, Inc. 12,672.00 W-1111 Computrends Systems Technology, Inc. W-1118 Expressnet Computer Systems 1,392.86 Y- 273 Polaris Vanguard LLC 6,428.57 Y- 386 DHL Global Forwarding (Philippines), Inc. Y- 555 Federal Protection Systems, Inc. 167.67 Y- 655 Perdana Hotel Philippines, Inc. 4,816.29 Y- 721 Quantuvis Resources Corporation 3,830.37 Y-722 Quantuvis Resources Corporation 5,912.40 Y- 880 Jefcon Incorporated 23,471.89 Y- 1578 San Miguel Corporation Retirement Plan 156,857.16 Sub-total 99,456.24 Grand Total 336,082.65 7,414,975.20 . <v