CTA Case No. 5576 (Decision)

REPUBLIC OF THE PHILIPPINES COURT OF TAX APPEALS QUEZON CITY BENGUET CORPORATION - Philippine Branch, Petitioner, - versus - C.T.A. CASE NO. 5576 COMMISSIONER OF INTERNAL Promulgated: REVENUE, NOV 11 id99 ~� Respondent. X- - - - - - - - - - - - - - - - - - - - - - - - - - - -X DECISION This is a petition for review filed by the petitioner, BENGUET CORPORATION, against respondent COMMISSIONER OF INTERNAL REVENUE, for the failure of the latter to act on the former's claim for refund/tax credit in the total amount of .P62 , 828 , 889.88 , representing petitioner's alleged unutilized input tax for the quarters ended March 31, 1996 and June 30 , 1996. As represented, petitioner is a domestic corporation, primarily engaged in the mining business which includes exploration, development and operation of mining properties for purposes of commercial production , and the marketing of marketable mineral products produced by it . It is registered with t he respondent ' s Bureau as a Value-Added Tax (VAT ) taxpayer, with VAT Registration No. 31-9-000027 (Exh.

DECISION C.T . A.CASE NO. 5576 -2- A) and is a holder of zero-rating certificate. Petitioner's sale of goods was categorized by the respondent as constructive exports or effectively zero rated sales in accordance with Section 100(2) of the Tax Code (Exh. B). On April 22, 1 996 , petitioner filed with the Urban Bank its Value-Added Tax (VAT) Return for the first quarter of 1996 (Exh. C) , declaring therein , among others, a total input VAT of P33 , 420 , 256 . 87 , withheld taxes in the amount of P180, 000.00, tota l output VAT a mou nting to P 586 , 425 . 28 and the amount of P 33 , 013,831.59, its alleged excess input VAT for the quarter ending March 31, 1996 . Likewise , on July 22, 1996, petitioner filed with Banco de Oro Commercial Bank its Value-Added Tax (VAT) Return for the second quarter of 1996 (Exh. D) , which showed, inter alia, a total inpu t VAT of 37 , 714 , 171.72 , total output tax of P8,155 , 040.39 , and the claimed excess input VAT for the second quarter of 1996 in the amount of P 29 , 559,131.33. On March 7 , 1997 and May 15 , 1997, petitioner filed with the One Stop Shop Inter - Agency Tax Credit and Duty Drawback Center o f the Department of Finance, pursuant to Revenue Audit Memo randum Order No . 2-93, applications for the refund/tax credit of its excess input VAT payments for the first and second quarters of 1996 (Exhibits E, E- 1, F

DECISION C.T.A.CASE NO. 5576 -3- and F-1) in the amounts of .P33,318,939.26 and .P29,509,950.62 , respectively. The aforesaid applications for refund/tax credit were not acted upon by the said Center of the Department of Finance, hence, on January 28, 1998, petitioner filed with this Court the instant petition for review. Petitioner presents the proposition as reason of the instant petition for review that it is entitled to the refund of its excess input VAT for the periods in question, in accordance with Section 106 (a) [now 112 (A)] of the Tax Code, stated hereunder, since it falls squarely within the ambit of Sec. 100 (a) (1) [now 106 (A) (a)] also quoted below. It propounded that the sales for the aforesaid quarters were export sales, paid for in acceptable foreign currency , inwardly remitted to the Philippines and accounted for in accordance with rules and regulations of the Central Bank of the Philippines (now Bangko Sentral ng Pilipinas), hence it incurs no output tax liability as the same is subject to VAT at 0% rate . Sec. 106 (a} Export Sales. An exporter who is a VAT-registered person may within two years from the date of exportation, apply for the issuance of a tax credit certificate or refund of the input tax attributable to the goods exported, to the extent that such input tax has not been applied to output tax and upon presentation of proof that the foreign exchange proceeds has been

DECISION C.T.A.CASE NO. 5576 -4 - accounted for in accordance with the regulations of the Central Bank of the Philippines. XXX XXX XXX Sec . 100. Value-added tax on sale of goods . (a) Rate and base of tax. There shall be levied, assessed and collected on every sale, barter or exchange of goods, a value-added tax equivalent to 10% of the gross selling price or gross value in money of the goods sold, bartered or exchanged, such tax to be paid by the seller or transferor: Provided, That the following sales by VAT-registered persons shall be subject to 0%: (1) Export sales; XXX XXX XXX It was likewise alleged by petitioner that the instant claim for refund was well within the two (2) year period prescribed in the applicable provisions of the Tax Code. On the other hand , respondent raises in the usual token of a defense that (1) taxes paid and collected are deemed to have been made in accordance with law and pertinent existing BIR regulations , ( 2) claims for tax credit/refund are construed strictly against the claimants thereof as they are in the nature of exemption from payment of tax, hence, it is incumbent upon herein petitioner to prove that it is entitled thereto, and (3) petitioner must prove that it has complied with the requirements of Section 230 (now Sec. 229) of the Tax Code.

DECISION C . T.A.CASE NO. 5576 - 5- There is no squabble that sales of goods of petitioner are zero-rated. This was clearly established by petitioner when it presented in evidence its application for zero-rate which was duly approved by Deputy Commissioner Victor A. Deoferio, Jr ., of the respondent's Bureau , on May 4, 1988 (Exh. B) . Aside from this approved application, petitioner also presented in evidence its Schedule of Inward Remittance and Export Sales, supported by export bills and bank credit advices (Exhibit s K-1 to K-1-182, inclusive) , and a certification from Sycip , Gorres, Velayo & Co. (SGV), an independent Certified Public Accountant , which vouched the accuracy of the 11 Summary of Inward Remittances of Export Sales Proceeds 11 which were prepared by the petitioner for the first and second quarters of 1996. As a matter of fact, respondent in his memorandum, did not raise the issue of whether or not the sales of goods of petitioner are zero- rated , hence , there exist no iota of doubt that petitioner is engaged in export sales (directly and constructively), thus, subject to zero percent (0%) rate of value added tax. The legal issue having been settled, the issues which confront the Court for its consideration are whether or not petitioner has adduced sufficient evidence that will prove that it incurred an excess input VAT credit for the first and second quarter of 1996 in the total amount of

DECISION C .T.A.CASE NO. 5576 - 6- .P62, 828, 889.88 and whether or not the instant claim for refund was filed within the prescriptive period provided by the Tax Code. Section 104 (b) of the Tax Code, quoted hereunder, is clear from any ambiguity and obscurity, insofar as the same 1s brought to bear upon the circumstances of the petitioner in the case at bar. The provision itself furnishes the best means of its own exposition that the input taxes paid on domestic purchases of goods and services attributable to the zero-rated sales in excess of the output VAT can either be refunded or credited as the case may be to any internal revenue taxes, subject to the provisions of Section 106 of the said Code . No doubt that if the issues, which are presented to this Court for resolution, result to affirmative answers, petitioner will be entitled to the relief sought by it. There is no question that petitioner has complied with the statutory requirements of Section 230 (now Sec. 229) taken in relation to Sec. 106 (now Sec. 112) both of the Tax Code. The written claim for refund with respondent and suit (petition for review) with this Court on January 28, 1998 are well within the two (2) year prescriptive period to appeal counted from the date of payment of the tax which is on the date of filing of the VAT Quarterly Returns for the

DECISION C.T.A.CASE NO. 5576 -7- first and second quarters of 1996 (April 22, 1996 and July 22, 1996, respectively) . As clearly stated by this Court in its resolution dated July 20, 1998 in the case of Atlas Consolidated Mining and Development Corp . vs . Commissioner of Internal Revenue, CTA Case No. 5296, the two year period should be counted from the date of filing of the corresponding VAT quarterly return which is within 20 days after the close of each taxable quarter. The burden of proof was overcome by the petitioner insofar as the excess input VAT of .P27, 423, 004.46 for the first quarter and .P22 , 355,083.45 for the second quarter are concerned, as these were the amounts ascertained and verified by the Court to be the correct refundable amount to the petitioner, properly substantiated and supported by documents in accordance with the existing VAT law. Its presentation of various documentary evidence such as its Value-Added Tax Registration Certificate (Exh . A), its approved application for zero-rating (Exh . B), value-added tax (VAT) returns (Exhs. C & D), its claim for refund in the administrative level (Exhs . E & F), the certification issued by SGV & Co. purs u ant to CTA Circular 1-95 (Exh. Q) and the voluminous invoices , official receipts , import entry declarations, export bills and bank credit advices showing its VAT paid on its local purchases of taxable goods and

DECISION C.T.A.CASE NO. 5576 -8- services and on its importations for the first and second quarter of 1996 and the remittances of its sales for the said period (Exhibits H-1 to 0 - 1 - 124, inclusive) have all established the propriety of its claim for refund reduced by the amounts stated by SGV & Co. to be non-refundable and the amounts hereunder stated by the Court. Moreover, respondent failed to present a single evidence to support his denials to petitioner ' s ma terial allegations. Respondent submitted his case for decision on the basis of the pleadings, records and the evidence by petitioner. A careful scrutiny of the evidence presented by petitioner led this Court to find that aside from the amounts of P726,314 . 25 and P2,698,523.57 , which SGV & Co . stated in its report (Exh . Q) to be deduct ible from the total claimed refund o f petitioner on various grounds stated therein; the additional amounts of P4, 864,512.88 for the fi r st quarter and P4, 660, 746.64 for the second quarter of 1996 , the reasons and the break down of which are stated below , should likewise be deducted from t h e claimed refund of petitioner pursuant to Revenue Regulations No. 7-95:

DECISION C.T.A.CASE NO. 5576 -9 - REASON FOR 1st QUARTER 2nd QUARTER TOTAL THE DISALLOWANCE (ANNEXA) (ANNEX B) ( 1) Invoices/Official Receipts With Handwritten/Typewritten "V" after TIN p 3,033 ,070.84 p 1,714,042.18 p 4,747,113 .02 (2) Invoices/Official Receipts 1, 184 ,720.34 I,240, 125 .80 2,424,846.14 Without TIN or "V" I "VAT After TIN (3) Without supporting documents 39,257 .83 923 ,219.98 962,477 .81 (4) Non-Vat Invoices/Official 28,094 .11 14,431.80 42,525.91 Receipts (5) Invoices/Official Receipts 19,088.45 122,830.21 141,918 .66 not in the name of Benguet Corp. (6) Invoices/Official Receipts 187,889.87 7,527 .50 195,417 .37 not within the period of c laim (7) Without Invoices/Official 238,271.72 284 ,029 .60 522,301.32 Receipts but supported by invalid documents such as statements of accounts, provisio- nal receipts, letter-billings, etc. (8) Invoices/Official Receipts 64,508.38 64 ,508 .38 Without BIR Permit to print (9) Overstatement of reported 176 .34 176.34 Invoice amount (1 0) Invoice amount reported twice 69,435.00 69,435 .00 ( 11) Discrepancy of amount Claimed per summary & return 150,136.53 150,136.53 TOTAL p 4,864,51 2. 88 p 4,456,343 .60 p 2,320,856.48 Under the circumstances, We are persuaded to extend the relief sought by petitioner but only up to the amount of

DECISION C.T . A.CASE NO. 5576 - 10 - Per Return Per Claim Allowable (Exhs. E-1 & Claim for (Exhs. c & ill.. F-1} Refund Ex cess Input Taxes 1st quarter 1996 p 33, 0131 831.59 p 33,318,939 . 26 p 33,013,831.59 2nd quarter - 1996 29' 559' 131.33 29,509,950 . 62 29,509,950.6 2 p 62,572,962.92 p 62,828,889 . 88 62,523,782. 21 Less: Disallowances 1. Per SGV Report (Exh. Q} 1st qtr . - 1996 p 726,314.25 2nd qtr . - 1996 2,698,523.57 p 3,424,837 . 82 2 . Per Court's further v erification 1st qtr. 1996 (Annex A) P 4,864,512.88 4,456 , 343.60 2nd qtr. - 1996 (Annex B) 9 , 320,857.44 12,745,695 . 26 Amount Refundable p 49,778,087 . 91 IN THE LIGHT OF ALL THE FOREGOING , the petition is PARTIALLY GRANTED . Respondent is hereby ORDERED to REFUND o r ISSUE a TAX CREDIT CERTIFI CATE to herein petitioner in the amount of �49,778,087.91, representing the latter's excess input VAT for the first and second quarters of 1996. No costs. SO ORDERED. ~--..Q,~ ERNESTO D . ACOSTA Presiding Judge CONCUR:) ~'l~ RAMON 0. DE RA / Associate Clge I /

DECISION C.T . A . CASE NO. 5576 - 11 - CERTIFICATION I hereby certify that the above decision was reached after due consultation with the members of the Court of Tax Appeals in accordance with Section 13, Article VIII of the Constitution. ~l(}-~ ERNESTO D. ACOSTA Presiding Judge

ANNEX A BENGUET CORPORATION VS. CIR CTA CASE NO. 5576 SCHEDULE OF COURT'S DISALLOWANCES ON CLAIMED EXCESS INPUT TAXES FOR THE FIRST QUARTER OF 1996 (1) INVOICES/OFFI CIAL RECEIPTS W ITH HANDWRITTEN/TYPEWRITTEN " V" AFTER TIN SlJ PPL IER ACCOUNT EXI::IIBli REFE RE NCE INV O IC E INPUT TAX OMEGAN CONST. & DEVT. CORP. A MOUNT CLAIMED BENGUET MANAGEME NT CO RP. N.UMB.ER 0642 NEW BAGUIO JOHNNY AUTO SUPP. 0644 p 1,030,593 .85 0251 J-8-205; J-8-206 0645 2 ,477,402 .23 p 93 ,690.35 BENGUET MANAGEMENT CORP. 0252 J-8-208 to J-8-21 o 0646 4,550,005 .70 BENGUET MANAGEMENT CORP. 0252 J-8-212; J-8-213 0639 1,903,040 .95 2 2 5 ,2 1 8 .38 J-8-215 to J-8-217 0640 5,513,935 .14 NEW ARC DRUG 0262 J-8-79 to J-8-81 0641 3,278,802 .76 413 ,636.88 0452 J-8-83 to J-8-85 0643 15,303.49 J-8-87; J-8-88 5926 25,335 .91 173,003 .72 J-8-90; J-8-91 5940 195,000.00 1-10-230 5941 7 3 , 125 .0 0 501 ,266.83 1- 10-231 5904 195,000 .00 1-10-232 5908 48 ,750 .00 298,072 .98 1-10-51 5921 146,250 .00 1- 10-52 5895 97,500 .00 1,391 .23 1-10-53 5902 99,450 .00 1-11-39 5905 241 ,800 .00 2,303 .26 1-11-40 5942 3,750 .00 1-11-41 5946 148,200 .00 17,727 .27 1-11-42 7251 292,500 .00 1-11-43 7254 280 .00 6,647 .73 1-10 - 118 7217 400 .00 1-10 - 119 7338 2,370 .00 17,727 .27 1-10-265 7337 850 .00 1-10-266 7393 1,245 .00 4,431 .82 1-11 -122 7473 450 .00 1-11 -123 7493 75 .00 13,295.45 1-11 -124 7519 495 .00 1-11 -125 7520 80 .00 8 ,863 .64 1-11 -126 7565 120.00 1-11-127 7566 1,950 .00 9,040.91 1-11-128 7567 7,300 .00 1-11-129 5535 11 ,400 .00 21 ,981 .82 1- 11-130 5551 128,390 .00 1- 12-51 5573 206 ,830 .00 340 .91 1-12-52 5619 1,553 ,630.00 1-12-53 5691 6,768 ,687 .50 13,472 .73 1- 12-55 5695 278 ,517 .50 1- 12-56 5557 90 ,650 .00 26 ,590.91 1-12-57 5655 229 ,048 .50 1-3-10 5690 221 ,195.26 25.45 1-3-11 5729 457 ,292 .25 1-3-12 5760 7 ,853 .24 36 .36 1-3-13 5766 98 ,337 .12 1-3-14 5767 307 ,600 .00 215.45 5770 790,000 .00 1-3-15 5924 20,649 .20 77 .27 1-3-16 5925 27 ,248 .90 1-3-17 5931 23,990.00 113.18 1-3-18 4027 172 ,4 2 0 .2 2 1-3-19 4042 748,473 .00 40 .91 1-3-20 4045 7 8 6 , 9 6 5 .0 3 1-3-6 0028 73 ,443 .15 6.82 1-3-8 0029 7 ,127.46 1-3-9 2 670.95 45.00 1-5-169 SUBTOTAL 1-5-206 p 33,363,779.31 7 .27 10.91 177.27 663 .64 1,036 .36 11 ,671 .82 18,802 .73 141 ,239 .09 615 ,335 .23 25 ,319 .77 8,240 .91 20 ,822 .59 20 ,108.66 41 ,572 .02 713 .93 8,939 .74 27 ,963 .64 71 ,818 .18 1,877 .20 2,477 .17 2,180.91 15 ,67 4 .57 68 ,043 .00 71 ,542 .28 6 ,676 .65 647 .95 242 .81 p 3,033 ,070.84 (2) INVOICES/OFFICIAL RECEIPTS WITHOUT TIN OR "V" I "VAT" AFTER TIN S UPPLI ER ACCOUNT EXI::IIBli REFEREN CE IN VO IC E INPUT TAX AMOUNT CLAIMED ARROW FREIGHT CORP. N.UMB.ER 446 ETH NOL GENERICS PHI LS. 2280 0262 1-12-48 2281 p 12,307 .68 p 1, 118.88 1-12-75 1- 12-7 6 16 ,3 7 8 . 00 1,4 8 8 .91 37 ,350.00 3 ,395.45 @ page 1 of 9

ANNEXA BENGUET CORPORATION VS. CIR CTA CASE NO. 5576 SCHEDULE OF COURT'S DISALLOWANCES ON CLAIMED EXCESS INPUT TAXES FOR THE FIRST QUARTER OF 1996 SUPPLIER ACCOUNT EXI::ll6.II REFERENCE INVOICE INPUT TAX MENDOZA BROS. AMOUNT CLAIMED OMEGAN CONST. & DEVT. CORP. N.UMB.ER 86 .36 ETHNOL GENERICS PHILS. 0645 1- 13-358 2591 950 .00 528 ,770 .90 MEDAL PRINTERS 0251 0647 5,816,479.90 PHIL. INT'L CONTRACTORS SUPP. J-8-31 o to J-8-312 0648 3,641 .22 ATA AUTO SUPPLY 0452 0649 40 ,053 .39 402 ,750 .98 BUNTAK MINES, INC. J-8-314; J-8-315 2278 4,430 ,260.75 1701 2279 5,504 .81 KAR MANNN COMMERCIAL 1702 J-8-317 to J-8-319 1788 60 ,552 .96 1,578 .76 MOSE ANGALA ENT., INC. CONST. 1705 1826 17,366 .40 1-5-427 74441 386 .36 PHILGERMA MFG., INC. 1-5-428 062 4 ,2 5 0 .00 5,380 .00 J-7-120 063 59 ,180.00 FAMILY AUTO SUPPLY 1-8-739 064 36 .36 OLONGAPO COMMUTER AUTO SUPP. 1-14-348 1195 400.00 26,545 .05 S PGS I 1-14-11 ;1-14-12 0483 291 ,995.53 42,837 .96 1-14-201 ;1-14-202 0484 471 ,217 .57 32 ,793 .20 ST. JOSEPH DRUG STORE 1-14-354;1- 14-355 0485 360,725 .19 TRIANGLE ACE CORP 1-14-263 691 133.64 PONG'S HARDWARE & LUMBER 1-14-121 693 1,470 .00 16 ,546 .40 1- 14-273 692 182,010 .42 17,430.78 1- 14-524 685 191 ,738.63 14,243.67 1-14-297 689 156 ,680 .41 1-14-299 687 957 .27 1-14-301 686 10,530 .00 2 ,738 . 18 1-14-303 688 30 ,120.00 1-14-305 690 881 .82 1- 14-307 695 9 ,700 .00 127.27 1- 14-309 694 1,400.00 1 ,909 .09 1- 14-311 25033 21 ,000 .00 490.91 1- 14-313 270661 5,400.00 436 .36 1-14-315 0086 4,800.00 1,080.00 1-14-317 0083 11 ,800.00 6,283 .64 1-14-388 0087 69 ,120.00 1,272 .73 1-14-552 0095 14,000.00 4,090 .91 1- 14- 159;1-14-160 0092 45,000 .00 1-14- 162;1-14- 163 746216 10.91 1-14-32 ;1-14-328 08469 120.00 28.55 1-14-568 ;1- 14-569 08899 314 .00 12,474.85 1-14-571 ;1-14-572 3101 137,223 .36 11 ,695.17 1- 14-574 3056 128,646 .90 11 ,695.17 1-6- 142 3058 128,646 .90 11 ,695.17 1-6-143 128,646 .90 10 ,915 .49 1- 14- 145 120,070.44 1- 14- 147 8.86 1- 14 - 149 97 .50 13.64 150 .00 40.91 450.00 436.64 4 ,803 .00 218 .36 2,402.00 548 .73 6 036.00 p 10184,720.34 SUBTOTAL p 13,031,843.83 (3) NO SUPPORTING DOCUMENTS SUPPLIER ACCOUNT REFERENCE INVOICE INPUT TAX AMOUNT CLAIMED DIZ-MAC INSURANCE BROKERAGE N.UMB.ER p p 118.34 SKYLAND BROKERAGE INC. 0450 JOSE E. RODRIGUEZ TRADING 0451 130.68 NLA TRADING & CONSTRUCTION 1703 19236 1,181 .18 107.38 PILTEL 3515 34 ,200.00 3516 76 ,500.00 3,109.09 PROEEEL COLORLAB 3518 122,850.00 TNWPTE LTD 2045 14,584 .75 6 ,954 .55 0108 STMT 759 .33 11 ,168.18 19899 466 .40 58365422 3,510 .00 1,325 .89 175 045.20 SUBTOTAL p 69 .03 429,096.86 42.40 319 .09 15913.20 p 39,257.83

ANNEX A BENGUET CORPORATION VS. CIR CTA CASE NO. 5576 SCHEDULE OF COURT'S DISALLOWANCES ON CLAIMED EXCESS INPUT TAXES FOR THE FIRST QUARTER OF 1996 (4) NONVAT INVOICES/OFFICIA L RECEIPTS SUPPliER ACCOUNT EXI::I.l.B.II REFERENCE INVOICE INPUT TAX AMOUNT CLAIMED AYALA INSURANCE BROKERAGE tlliM.6E.R 289396 300975 ROYAL STAR AVIATION 0261 J-9-140 p 2,481 .60 p 225.60 SURETY SERVICES CORP. 0450 J-9-141 155 INT'L COMMUNICATION J-9-138 43344 38,723 .96 3 ,520 .36 J-9-58 47270 J-3-245 to J-3-247 4923D 42,550 .00 3,868.18 J-3-249; J-3-250 SUBTOTAL 10,080 .00 916 .36 107,599 .80 9,781 .80 107 599 .80 9 781 .80 p 309,035.16 p 28,094.11 (5) INVOI CES/OFFICIAL RECEIPTS NOT IN THE NAME OF BENGUET CORPORATION SliPPLIER ACCOUNT EXI::I.l.B.II BEEEBEI:::ICE INVOICE INPUT TAX B DCCI AMOU NT CLAIMED tlliM.6E.R 1944/50525 BRAIN COMPUTER CENTER 1944/50674 DIPOLOG PHARMA 0452 1-3-268;1-3-270 p 200.00 p 18.18 EVER COMMERCIAL 1705 1-3-268;1-3-271 3686 HARDWARE WORKSHOP INC. 1-3-417 4960 200.00 18.18 IVAN'S AUTO SUPPLY 1-3-493 5853 MACROMIND CORP . 1-3-494 27634 150.00 13.64 MAX'S RESTAURANT 1-4-16 099727 1-5-49 099868 315 .70 28.70 MERCURY DRUG CORP. 1-5-49 24145 1-5-50 51439 241 .15 21 .92 MLV PHARMACY & GEN. MDSE. 1-5-145 261116 OASIS (GREENHILLS) 1-5-139 262388 1,229.75 111 .80 OR IGINAL SKI N CARE 1-5-140 272714 OTIO GENERAL MERCHANDISE 1-5-141 273831 412.50 37 .50 PHIL. PACKIN GS & SEALS CORP . 1-5-141 28980 ZENCO FOOTSTEPS 1-5-142 243170 1 ,549 .00 140.82 ARCHIE GENERAL MDSE. 1-5- 135 312267 1-5-136 442680 1,060.00 96 .36 BENSO CHAMP CORPORATION 1-5-137 444704 CHRIS SPORTS PLAZA, INC. 1-5-138 12147 572 .00 52 .00 CITY CENTRAL DE PT. STORE 1-5-146 215470 ENOC DRUG CORPORATION 1-5-425 23780 271 .70 24.70 FARMACIA CASTILLO & GIFT SHOP 1-5-424 0811 1-5-426 58173 304 .70 27.70 LA BOTICA 1-6-382 27279 LED-DA DRUG CORPORATION 1-6-182 30677 327 .25 29.75 LORMA MEDICAL CENTER 1-6-196 354837 MERCURY DRUG CORP. 1-14-189 358941 449 .10 40.83 1- 14 -346 7178 1-1 4-199 5243 271 .70 24.70 1-14-217 236406 1-14-219 45123 727 .80 66.16 1-14-386 37307 1-14-3 9 38284 336 .00 30 .55 1- 14-43 39598 1- 14-462 8365 2,116.00 192.36 1- 14-468 38494 1- 14 -51 37426 2,607 .95 237.09 1- 14-57 119179 1- 14 - 102 122593 540 .00 49 .09 1-1 4-104 8475 1-14-106 305599 2,051 .50 186.50 1-14-108 637737 1-14-110 236845 540 .00 49 .09 1-14-1 11 237116 1-14-111 638041 1,200 .00 109.09 1-14-111 638124 1-14-111 187455 86,240 .00 7,840 .00 1-14-113 74497 1-14-115 490105 1,749.75 159.07 1-14-117 493239 1-14-265 1,123.00 102.09 200.00 18.18 35 .00 3.18 6 0 .75 5.52 1 ,330 .00 120.91 65 .00 5.91 349 .00 31 .73 60 .00 5.45 550 .00 50 .00 540 .00 49 .09 175.00 15.91 80.00 7.27 276.00 25.09 252.50 22 .95 200 .50 18.23 903 .50 62 .36 185.00 16.82 308 .05 28.00 175.50 15.95 877.50 79.77 262.80 23.89 293.00 26 .64 6 0 .75 5.52 287 .25 26 .11 134.40 12.22 221 .70 20 .15 0V page 3 of 9

ANNEXA BENGUET CORPORATION VS. CIR CTA CASE NO. 5576 SCHEDULE OF COURT'S DISALLOWANCES ON CLAIMED EXCESS INPUT TAXES FOR THE FIRST QUARTER OF 1996 SlJPPliER ACCOUNT EXI:!l.Bli REFERENCE INVOICE INPUT TAX AMOUNT CLAIMED tillM.B.E.B 150539 493018 1-14-267 901944 974 .50 88 .59 156417 174.25 15.84 1-14-269 998148 107.50 311920 4 3 2 .8 0 9.77 1-14- 512 516.25 39 .35 75462 46 .93 1-14-514 15820 6 3 .0 0 2635/ 1943 261 .00 5.73 1-14-516 1322 4 5 0 .0 0 23 .73 1944 3 7 5 .0 0 40 .91 1-14-518 0785 8 ,8 0 0 .0 0 34 .09 0784 3 ,7 0 0 .0 0 800 .00 1- 14-520 3323 11 ,100.00 336 .36 398139 9,250.00 1,009 .09 NEW MASINLOC HENRY'S HARD. 1- 14-279 32445 8 ,8 0 0 .0 0 8 4 0 .91 9260 230.00 800 .00 NEW SAN ANDRES CONCRETE PROD. 1- 14-542 8933 20 .91 16650 47 .10 OLONGAPO GAS CORP 1- 14- 137 17191 4 2 6 .0 0 4 .28 172066 417 .95 38 .73 1- 14- 139 10223 38 .00 140840 81.70 1- 14- 141 0426 120.00 7 .43 0488 10.91 1-14-548 0445 6 5 .0 0 0455 184.60 5.91 1-14-550 04 7 5 146.50 16.73 0481 500.20 13.32 PASIG PETRON 1- 14-554 0485 3 8 0 .0 0 45.47 39242 550.00 34 .55 RC PI 1- 14- 319 39349 4 9 5 .0 0 5 0 .0 0 39348 8 ,4 0 0 .0 0 4 5 .0 0 RAY EDUCATIONAL CENTER 1- 14-321 39303 4 ,600 .00 763.64 39322 6 3 0 .0 0 4 18.18 RUSTAN SUPERMARKET 1-14-325 145059 14 ,5 1 0 .0 0 57 .27 10871 1 ,7 6 0 . 00 1 ,3 1 9 .0 9 SHAKEY'S PIZZA PARLOR 1-14- 562 552.00 160.00 SUBTOTAL 742 .00 50.18 SKYLAND AUTO PARTS & SERV. CO. 1- 14-330 280.00 67.45 3 ,0 0 4 .0 0 25.45 1- 14-564 8 ,3 3 7 .0 0 273 .09 4 058.00 757.91 SM PETRON SERVICE STATION 1- 14- 165 3 6 8 .91 TAMBAL ATBP. 1- 14-578 THE MEDICAL CITY 1- 14-338 TCY MACHINERY WORKS BOBOKIIRISAN 1-15-68 1- 15-6 9 1- 15-70 1- 15-71 1- 15-7 2 1- 15-73 1- 15-74 TOP-ACE MOTOR WORK CORP 1-15-75 1- 15-76 1- 15-77 1- 15-7 8 1-15-7 9 VCP INTERMED PHARMA 1- 15-80 WI-AL CONSTRUCTION BUILDERS 1- 15-81 p 210,191.10 p 19,088.45 (6) INVOICES/OFFICIAL RECEIPTS NOT WITHIN THE PERIOD OF CLAIM SUPPLIER ACCOUNT EXI:!l.Bli REFERENCE INVOICE INPUT TAX 5 CENTS UP TEXTILE MART AMOUNT CLAIMED AC INDUSTRIAL SALES tillM.B.E.B 5719 ALLIED HOS. SUPPLY INT'L 2456 0252 1- 10- 1 28865 p 8 8 7 . 50 p 8 0 .6 8 ALLOY IND'L SUPPLY CORP. 1- 10-2 28866 1- 10-3 28870 2 ,0 0 0 . 00 181 .82 ARCHILLES MEG. CORP. 1-10-4 70750 1- 10-5 7 0801 150.00 13.64 ARCMAN INDUSTRIAL ENT. 1- 10-7 7 0901 1- 10-8 1590 75 .00 6.82 ASEAN PHARMA (PHILS .) 1- 10-9 1591 BAGUIO METRO DRUG 1- 10- 10 1606 2 ,3 0 0 . 00 2 0 9 .0 9 BAGUIO RATIONAL AUTO SUPP. 1- 10- 11 1607 1- 10- 12 1608 9,160.00 832.73 1- 10- 13 0643 1- 10- 14 0648 3 ,6 0 0 . 00 327.27 1- 10-16 0649 1-10-1 7 11052 13 ,8 0 0 . 00 1,25 4 .5 5 1- 10- 18 11085 1-10-21 7 891 3 ,0 0 0 .0 0 272.73 1-10-26 64397 1-10-27 64273 6 ,000.00 545.45 1- 10-221 64289 1- 10-28 6 , 4 0 0 .0 0 581 .82 1- 10-29 8 ,5 0 0 .0 0 772 .73 18 ,3 0 0 .0 0 1,663 .64 4 ,4 7 5 .25 406 .84 240 .00 2 1 .82 659 .05 59 .91 25,828 .00 2,34 8 .0 0 236 .80 2 1.53 3 0 .0 0 2.73 140.00 12.73 35 .00 3.18 116.00 10.55 ~ page 4 of 9

ANNEXA BENGUET CORPORATION VS. CIR CTA CASE NO. 5576 SCHEDULE OF COURT'S DISALLOWANCES ON CLAIMED EXCESS INPUT TAXES FOR THE FIRST QUARTER OF 1996 SUPPliER ACCOUNT EXI::II.B.II REFERENCE INVOICE INPUT TAX AMOUNT CLAIMED CIGI N.UM.B..EB 64291 CMC MACHINERIES 64293 165.00 15.00 COLI'S DIESEL SERVICE 1-10-31 64294 64 .00 5.82 EUROPA PARTS & ACCESSORIES 1-10-32 64295 1-10-33 64297 2,200 .00 200.00 FERNANDEZ ENT., INC. 1-10-34 64353 300 .00 27.27 GREENLAND SALES 1-10-35 64354 HARVEY INDUSTRIES CORP. 1-1 0-36 64355 3,459.00 314.45 J.C. COMMERCIAL CENTER 1-1 0-37 64356 950 .00 86.36 1-10-38 64357 820.00 74 .55 LASER MARKETING 1-10-39 64365 950 .00 86 .36 1-10-40 22034 MAC MACHINE SHOP 1-10-42 0638 2 ,016 .00 183.27 MEGASCO 1-10-54 7937 450.00 40 .91 MJ GACAD INC. 1-10-58 61336 6 2 5 .00 56 .82 MR ROBLES ENG'G & CONST. 1-10-240 61345 NORTHLANDER GEN. MERCANTILE 1-10-59 61371 18 ,6 0 0 .00 1,690 .91 1-10-60 61450 2 ,000 .00 181 .82 ONG KING AUTO SUPPLY 1-10-61 61452 1- 10-62 61489 22 ,500.00 2,045 .45 1-10-63 110319 96 .00 8.73 1-1 0-64 2512 9.00 0.82 1-1 0-73 27543 1-10-74 27567 1 ,330 .00 120.91 1-10-78 27590 335 .00 30 .45 1-10-79 27614 1-10-81 3134 10,150.00 922 .73 1-10-82 3135 4,022 .00 365 .64 1- 10-84 59740 1,121 .18 1- 10-85 59848 12,332 .96 450 .91 1- 10-88 59897 4 ,960.00 265.36 1-10-89 59898 2,919.00 1-1 0-90 59899 204.00 18.55 1-1 0-91 59959 260 .00 23.64 1-10-92 19768 354.00 32 .18 1-10-93 19832 2 ,938 . 18 1-10-100 19561 32,320 .00 2 ,377 . 27 1-1 0-100 19562 26 ,150.00 128.73 1- 10-96 19563 65 .82 1-10-96 19605 1,416 .00 36.49 1-10-97 19634 724.00 1-1 0-97 19668 401 .40 4.48 1-10-98 19699 49 .25 17.73 1-10-98 19700 195.00 37 .35 1-10-99 14024 410.80 386 .36 1-1 0-99 37359 69 .27 1-10-104 37360 4 ,250.00 186.36 1-1 0-108 37372 762 .00 90 .00 1-1 0-109 10041 182.73 1-1 0-110 4089 2,050 .00 580.45 1-1 0-113 76702 990.00 45 .82 1- 10 - 114 76703 279 .55 1-10-123 76719 2,010 .00 875.45 1-10-123 76782 6,385 .00 100.64 1-10-124 76783 2,495.27 1-10-124 76920 504.00 454.55 1- 10-125 76987 3,075.00 136.36 1-10-125 76994 9,630 .00 90 .91 1-10-126 77032 1,107.00 111 .18 1-10-126 77085 27,448 .00 11 .59 1-10- 127 77087 5,000 .00 137.50 1-10-127 77088 1,500 .00 186.45 1-10-1 28 77089 1,000 .00 68.18 1-1 0-128 77191 1,223 .00 1- 10-129 77316 9.36 1-10-129 43854 127.50 55.45 44624 1,512 .50 202.00 1-10-131 44625 2, 051 .00 59 .82 1-10-136 44761 1-10-137 44763 750 .00 5.45 1- 10-138 103.00 115.91 1-1 0-139 610 .00 112.09 1- 10 - 141 2,222 .00 658 .00 65 .45 103.64 60 .00 1,275.00 32 .27 1,233.00 72.00 587 .27 7 2 0 .00 87 .27 1,140.00 13.64 15.45 355 .00 25.45 792 .00 140.91 6 ,460 .00 960 .00 page 5 of 9 150.00 170.00 280 .00 1,550 .00 {jJy

ANNEXA BENGUET CORPORATION VS. CIR CTA CASE NO. 5576 SCHEDULE OF COURT'S DISALLOWANCES ON CLAIMED EXCESS INPUT TAXES FOR THE FIRST QUARTER OF 1996 SUPPLIER ACCOUNT E.lllil6II REFERENCE INVOICE INPUT TAX AMOUNT CLAIMED ORION DRUG NU.MaEB. 44823 PINES ROYAL ENTERPRISES 44824 375 .00 34 .09 PITISBURGH TRADE CENTER 0261 1- 10- 142 44825 1,360 .00 123.64 PYRAMID HARDWARE & CONST. 1- 10- 143 44880 2,300 .00 2 0 9 .0 9 0262 1-10-144 44882 2,700 .00 245.45 RIVERO'S CHEMICAL PRODUCT 0452 1-10-145 45057 3,240 .00 2 9 4 . 55 T & J CUSTOMBUILT SHOES 1-10-146 10488 TOP ACE MOTOR WORKS CORP. 1-10-283 10490 95 .00 8.64 UNION CONSTRUCTION SUPPLY 1-10-151 10496 30 .00 2.73 1-10-152 11019 150.00 13.64 VCP INTERMED PHARMA. 1-10-153 6096 113.00 10.27 ASIATRANS INT'L FORWARD. 1-10-157 11999 700 .00 6 3 .6 4 EMERALD FORWARDING 1- 10-158 12280 15,750 .00 1,431 .82 INTERCONTINENTAL FREIGHT 1- 10- 159 12307 1,743 .00 158.45 PACIFIC ACTIVATED CARBON CO. 1- 10-160 12308 84 .00 7 .64 BDCC I 1- 10- 161 12309 803 .00 73 .00 1-10-162 12346 2,532 .00 230 .18 BRAIN COMPUTER CENTER 1- 10- 163 12347 380 .00 34 .55 CHOA'S FOR EVERYTHING 1-10-164 12348 2,125.00 193.18 1-10-165 12350 212 .00 19.27 COLO RITE 1- 10-166 12351 630 .00 57 .27 EEl CORPORATION 1- 10-168 12391 36 .00 3.27 EVELYN'S GENERAL MDSE. 1- 10-169 12429 12,000 .00 1,090 .91 FRANCIS DRY GOODS 1- 10-170 12430 35 .10 3.19 FRIGID ZONE AIRCON 1-10-171 12431 480 .00 43 .64 GARBES DIZON SERVITEK 1-10-172 12648 7 ,775.00 706 .82 GARDEN MARKETING 1- 10-173 12496 3 6 0 .0 0 32 .73 KING IVAN AUTO PARTS 1- 10- 179 2151 1 ,6 4 3 .0 0 149.36 LC HARDWARE & LUMBER 1- 10-293 33266 120.00 10.91 1-10- 185 33267 68 ,006.62 6 ,182.42 1-10- 187 3321 1,160.00 105.45 1-10-187 3347 4 ,060 .00 369 .09 1- 10-188 3350 132.00 12.00 1- 10-189 51240 4 2 0 .0 0 38 .18 1- 10- 190 51387 200.00 18.18 1- 10-192 51388 8 8 0 .0 0 80 .00 1- 10- 193 51475 4 , 6 0 0 .0 0 418 .18 1-10- 194 51801 220.00 20 .00 1-10-195 51864 1 ,4 9 6 .0 0 136.00 1-10-196 140698 5 9 0 .0 0 53 .64 1-10-198 14238 280.00 25.45 1- 10-204 6266 12 ,8 3 2 .0 0 1,166.55 J-9-142 8824 1 ,5 4 0 .0 0 140.00 J-9- 144 9056 1,155.00 105.00 J-9-109 1925 5 5 0 .0 0 5 0 .0 0 J-9-109 1969 5 0 0 .0 0 4 5 .4 5 1-12-78 82968 101 ,440.00 9,22 1.82 1-12-79 82977 88 ,760.00 8 ,0 6 9 .0 9 1-3-172 84610 393 .30 3 5 .7 5 1-3-173 84611 4,402 .50 400.23 1-3- 174 88544 1,7 9 8 . 00 163.45 1-3- 174 88545 1,600 .00 14 5 .4 5 1-3- 176 3502 413.20 37 .56 1-3-176 3503 318 .90 28.99 1-3-415 141282 24 ,370.00 2,215.45 1-3-416 141284 900.00 81 .82 1-3-426 142168 7 , 9 1 4 .0 0 7 19.45 1-3-427 142237 250.00 22.73 1-3-428 4899 5 9 8 .0 0 54 .36 1- 3-429 87951 2 ,236 .40 203 .31 1-3-431 251 778 1,495 .00 135.91 1-5-319 29861 278 ,480 .47 2 5,316.41 1-4-8 1602 600 .00 54 . 5 5 1-4-267 0576 1,100.00 100.00 1-4-269 13181 5,220 .00 4 7 4 . 55 1-5-43 13182 7,020 .00 638 .18 1-5-45 13183 23,040 .00 2 ,0 9 4 . 55 1-5-46 5148 7 ,4 4 0 . 00 6 7 6 .36 1-5-47 14059 39 ,120.00 3 ,5 5 6 . 3 6 1- 5- 56 14488 7 5 0 .0 0 68 .18 1-5-59 4,402 .50 400 .23 1-5-61 405 .50 36 .86 ~ page 6 of 9

ANNEXA BENGUET CORPORATION VS. CIR CTA CASE NO. 5576 SCH EDULE OF COURT'S DISALLOWANCES ON CLAIMED EXCESS INPUT TAXES FO R THE FIRST QUARTER OF 1996 Sl JPPliER ACCO UNT EXl:t.lati RE FER ENCE INVOICE INPUT TAX A MOU NT CLAIM ED LYRICA TRADI NG 1:::I.U..MBEB M SYSTEMS CORPORATION 7.09 MIKE WI NE CE NTIX & GEN . MDSE. 0642 1-5-65 80423 78 .00 711 .95 MONARK EQUIPMENT CORP. 0645 1-5-68 7124 7,831 .45 3, 611.42 1-5-134 2605 39 ,725 .6 0 2 34 .55 MOTHER & CHILD PHARMACY 1-5-143 9071 2 ,580 .00 345.45 1-5-144 9215 3 ,800 .00 4,022 .02 NEW CITY TRADING 1-6-241 152720 44 ,242.21 38 ,827 .60 1-6-242 152726 427, 103.60 1,411 .95 NISSAN GALLERY 1-6-243 152727 15,531 .49 2,460 .12 OCAMPO'S OLONGAPO 1-5-78 0961 27 ,061 .30 2,455 .18 1-5-82 0962 27,006.95 1 ,207 .55 PIXO GRAFIX 1-5-86 0968 13 ,283 .00 1 ,883 .75 S. R. D. TRADI NG & PRINTING 1-5-90 0969 20 ,721 .30 884 .41 SHAW MERCHANDISING 1-5-94 0970 9,728.50 410 .64 SM APPLIANCE CENTER 1-5-147 1014 4 ,517 .00 319 .82 SM ORTIGAS 1-5-148 1132 3,518.00 1-5-151 14111 16 .18 SM SUPERMARKET, MAKATI 1-5-152 14965 178.00 34 .55 SOLID CORPORATION 1-5-153 15048 380.00 18 .18 STANDARD BLUE AUTO SUPP 1-5-154 15155 200.00 122 .73 TRANSDUCER PHILS. 1-5-157 33621 1,350.00 89 .55 ALVINEX INDUSTRIAL CORP. 1-5-158 34572 985 .00 51 .18 NORTHLANDER GEN. MERCANTILE 1-5-411 1702 563.00 83 .64 1-5-413 198800 920.00 325 .82 1-5-416 234846 3,584.00 47 .73 1-5-417 240093 525.00 1,433 .00 1-5-435 4220 15 ,7 6 3 .00 36 .36 1-6-3 0576 400.00 12 ,790 .67 1-6-22 17 1318 140 ,6 9 7 .37 209 .09 1-6-20 159163 2,300.00 146 .25 1-6-23 103847 1,608.75 176 .36 1-6-23 103848 1,940.00 40.00 1-6-24 115044 440.00 192.68 1-6-26 11416 2,119.50 545.45 1-6-2 5 24150 6,000 .00 60.45 1-6-21 03600 665 .00 90.91 1-6-146 1006 1,000 .00 2 ,7 3 5 .91 1-2-6 1744 30,095 .00 8,830.00 1-13-639 77096 97 ,130 .00 50.23 1-13-648 77008 552 .50 1.86 20 .50 p 187,889.87 SUBTOTAL p 2,066 ,788.52 (7) WITHOUT INVOICES/OFFICIAL RECEIPTS BUT SUPPORTED BY INVALID DOCUMENTS SUCH AS STATEMENTS OF ACCOUNTS, PROVISIONAL RECEIPTS, LETTER-BILLING, ETC. SUPPLIER ACCOUNT EXl:t.lati RE FE REN CE INVO ICE INPUT TAX ARROW FRE IGHT CORP. AMO UNT CLAIMED 1:::I.U..MBEB 15037 15055 0261 J-9-24 ;J-9-25 15056 p 23 ,100 .00 p 2,100.00 15057 J-9-24 ;J-9-26 15066 14 ,584 .00 1,325.82 15067 J -9-24 ;J-9 -27 15068 25 ,595 .00 2,326.82 15088 J-9-24 ;J-9-28 15090 77,480 .00 7,043.64 15096 J-9-24 ;J-9-29 15097 997 .7 0 90.70 15099 J-9-24 ;J-9-30 15107 997 .70 90.70 15108 J-9-24 ;J -9-31 15133 21 ,938.40 1,994.40 15134 J -9-2 4 ;J-9 -32 15135 45 .36 4 .12 15153 J-9-24 ;J-9 -33 15154 17,076 .82 1,552.44 15157 J-9-24 ;J-9-34 9,802.47 891 .13 J-9 -24 ;J -9-35 9,680.02 880.00 J-9-24 ;J-9-36 46 ,238.00 4 ,203 .45 J-9-24 ;J-9-37 58 ,110.00 5,282 .73 J-9-24 ;J -9-38 114.63 10.42 J-9-24 ;J-9-39 21 ,938.40 1,994.40 J-9-24 ;J-9 -4 0 997 .70 90.70 J-9-24 ;J-9 -41 997 .70 90.70 J-9-24 ;J -9-42 37 ,690 .00 3,426.36 J -9-24;J-9-43 31 ,634.00 2,875.82 J-9-24 ;J-9-44 21 ,184.00 1 ,925 .82

ANNEX A B ENGUET CORPORATION VS . CIR CTA CASE NO. 5576 SCHEDULE OF COURT'S DISALLOWANCES ON CLAIMED EXCESS INPUT TAXES FOR THE FIRST QUARTER OF 1996 SUPPLIER ACCO UNT EXI::IIBJI REFERE NCE INVOICE INPUT TAX ARROW FREIGHT CORP. AMOU NT CLAIMED .tillM.B.E.B ELECTRA CAR RENTAL 2,326 .82 SM-KEPPEL STRAITS LA 0450 J-9-24 ;J-9-45 15165 25,595 .00 10,565 .45 ARROW FREIGHT CORP. J-9-24 ;J-9-46 15166 116,220.00 0615 J-9-24 ;J -9-4 7 15178 1,992 .19 1701 J-3-105 ;J-3-106 15098 21 ,914.07 232 .01 J-3-105;J-3-1 07 15100 2 ,552 . 13 J-3- 105 ;J-3- 108 15109 3,308 .55 J-3-105;J-3-109 15110 36 ,394.00 3,947 .73 J-3-1 05;J-3-11 0 15132 43 ,425.00 1 ,7 7 4 .92 J-3 - 1 0 5;J- 3- 111 15136 19 ,524 . 10 5,527 .55 J-3-105;J-3-112 15138 6 0 ,803 .00 J-3-105;J-3-11 3 15151 281.80 J-3- 105;J- 3- 114 15152 3,099.80 90 .70 J -3-105 ;J-3- 115 15161 997 .70 J-3-1 05;J-3-116 15162 2,483.45 J-3-1 05;J-3-117 15163 27, 318.00 3,158.73 J -3-119 ;J-3- 120 15181 34 ,746 .00 J -3- 119;J-3- 121 15182 205.69 J -3- 119;J-3- 122 15183 2,262 .64 4 ,474 .64 J -3-119 ;J -3- 123 15198 49,221 .00 3,018.54 J-3-119 ;J -3- 124 15203 33,203 .90 J-3-119;J-3-125 15204 90 .70 J -3- 119;J- 3- 126 15205 997 .70 90 .70 J-3-119;J-3-127 15206 997 .70 443.20 J-3 -86 ;J-3 -87 15036 4,875 .20 705 .91 J-3 -86 ;J-3 -88 15052 7,765 .00 1,240.82 J-3 -86 ;J -3-89 15053 13,649 .00 1,052.91 J-3-86 ;J-3-90 15054 11 ,582 .00 349 .61 J-3-92 ;J-3- 100 15089 3,845 .74 1,197.21 J-3-92;J-3-1 01 15092 13,169.30 137.41 J-3 -92 ;J-3- 102 15101 1,511 .50 3,591 .63 J-3-92 ;J-3-1 03 15102 39,507 .90 3 ,947 .73 J-3-92 ;J-3-93 15061 43,425 .00 828 .73 J-3-92 ;J -3-94 15062 9,116.00 2,631 .82 J-3-92 ;J-3-95 15063 28 ,950 .00 118.72 J-3-92 ;J-3-96 15064 1,305 .90 414.82 J-3-92 ;J-3-97 15069 4,563 .00 1,315 .91 J-3-92 ;J-3-98 15070 14,475 .00 221 .60 J-3-92 ;J-3-99 15087 2,437 .60 90 .70 J-2-388 1487 997 .70 90 .70 J-2-363 SOA 0249 997 .70 90 .70 J-2-364 SOA 0273 997 .70 443 .20 J-2-365 SOA 0282 4,875.20 91 .31 J-7 - 15 ;J-7 - 16 15137 1,004.40 1,654 .73 J-7-15;J-7-17 15111 18,202 .00 252 .00 J-7-15 ;J-7- 18 15114 2,772 .00 74,248 .35 J-7-15;J-7-19 15168 816 ,731 .85 21 ,275 .30 J-7-15 ;J-7-20 15167 234 ,028 .30 1.128.38 J-7-15 ;J-7-21 15148 12,412.13 84 .80 J-7-15;J-7-22 15130 932 .80 681 .82 J-7-15 ;J-7-23 15195 7 ,500 .00 4,467 .04 J-7-15;J-7-24 15194 49 ,137.44 2,360 .16 J-7-26 ;J-7-27 15050 25 ,961 .76 2,042 .73 J-7-26 ;J-7-28 15051 22,470.00 1,361 .82 J-7-26 ;J-7-29 15060 14,980 .00 680 .91 J-7-26 ;J-7-30 15071 7,490 .00 680 .91 J-7-26 ;J-7-31 15072 7,490 .00 5,151.47 J-7-26 ;J-7-32 15073 56 ,666 .14 1,361 .82 J-7-26;J-7-33 15028 14 ,980 .00 2,221 .28 J-7-26;J-7-34 14945 24 ,434 .08 84 .80 J-7-26;J-7-35 14946 932 .80 4,51 7.60 J-7-26;J-7-36 14984 49 ,693 .60 1,361 .82 J-7-26;J-7-37 14986 14,980 .00 175.03 1,925 .34 2,407 .52 26,482 .72 4 ,527 .68 49,804 .48 680 .91 7,490 .00 1,708 .55 18,794 .09 2 379.36 26 172 .96 p 238 ,271.72 SUBTOTAL p 2,620 ,988.97

ANNEXA BENGUET CORPORATION VS. CIR CTA CASE NO. 5576 SCHEDULE OF COURT'S DISALLOWANCES ON CLAIMED EXCESS INPUT TAXES FOR THE FIRST QUARTER OF 1996 (8) INVOICES/OFFICIAL RECEIPTS WITHOUT BIR PERMIT TO PRINT SlJPPllER ACCOUNT EXHI.B.II REFERENCE INVOICE INPUT TAX AMOUNT CLAIMED PAIRCARGO N.UMB.ER 8104 LOUFEL INDUSTRIAL MACHINERY 2526 MINE VENDORS TRADING 0450 J-3-192 STMT p 471 .13 p 42.83 0452 1-6-219 0644 SUBTOTAL 695 ,750 .00 63,250.00 13 371 .00 1 215.55 p 709,592 .13 p 64,508.38 (9) OVERSTATEMENT OF REPORTED INVOICE AMOUNT SUPPLIER ACCOUNT EXHI.B.II REFERENCE INVOICE INPUT TAX AMOUNT CLAIMED N.UMB.ER INTERNATIONAL CONTAINER 0450 1184735 Reported amount p 2 ,998 .60 p 272. 60 1 058.86 Actual amount 1 939.74 96.26 Overstatement p p 176.34 SUBTOTAL p 1,939.74 p 176.34 (10) INVOICE AMOUNT REPORTED TWICE SUPPLIER ACCOUNT REFERENCE INVOICE INPUT TAX IMO INDUSTRIES AMOUNT CLAIMED N.UMB.ER 5852821 5 p 763 785.00 p 69 435 .00 0648 SUBTOTAL p 763,785.00 p 69,435.00 GRAND TOTAL p 53,507,040.62 p 4,864,512.88