retail price per proof, from just P20 plus 15 percent last year. Also, the BIR this year tightened its monitoring of cigarette companies tax payments through the Internal Revenue Stamps Integrated System. The tax stamp system would also cover alcoholic drinks by early next year. The tax take from fermented liquors grew by almost 14 percent to P22.6 billion from P19.8 billion last year.
Sec. 44. Indorsement in Representative Capacity. - Where Any Person Is Under Obligation To Indorse in A Representative Capacity, He May Indorse in Such Terms As To Negative Personal Liability
Carter, Arlie A. / Warren, William in The Case of Distilled Spirits, The Volume of Removals As of End-October Dropped by 5 Percent Year-On-Year To 315 Million Proof Liters