Taganito Mining Corporation Vs Cir (Tax1)
1. Taganito Mining Corporation (TMC) paid excise taxes on nickel and chromite ores based on provisional invoices issued at the time of removal from mines in the Philippines. However, final invoices from foreign buyers sometimes showed different values. TMC claimed refund for alleged overpayment. 2. The Court of Tax Appeals denied TMC's refund claim. Excise taxes are …