Republic Acts1 min read
Section 6Sec./Art. 6
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Section 152 of the National Internal Revenue Code of 1997, as amended, is hereby amended to read as follows:
"Sec. 152. Extent of Supervision Over Establishments Producing Taxable Output. The BIR has authority to supervise establishments where articles subject to excise tax are made or kept. The Secretary of Finance shall prescribe rules and regulations in which the process of production shall be conducted insofar as may be necessary to secure a sanitary output and to safeguard revenue, such rules and regulations to safeguard revenue may allow the appointment of third parties to monitor production and removal processes and volumes, and the exclusion of exciseable goods from duty-free barter transactions."
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