RMC No. 23-2004: Reiterates the provisions of RR No. 2-87 relative to the issuance of Official Delivery Invoice and maintenance of Official Register Books with respect to removal/sale of molasses.

Key points

1. Books and invoices. Every miller, owner or dealer of molasses keeps an ORB recording all molasses produced and removed. An ODI is issued for every removal, and its triplicate copy is retained in the guia book in the possession of the Internal Revenue Officer.
2. Distilleries. All distilleries keep an ORB (BIR Form Nos. 398 and 398-1). It records, in liters or metric ton, molasses received for alcohol production and molasses removed for alcohol production, domestic sale or export.
3. Monthly transcript. A transcript of the ORB is prepared monthly, whether or not there was production, removal or sale of molasses. If there was none, the phrase “NO PRODUCTION/REMOVAL/SALE” is clearly written in the ORB and transcript sheets.
4. Where and when to submit. The original and duplicate transcript sheets are submitted on or before the 5th day of the following month. Taxpayers in Revenue Regions Nos. 4 to 9 submit them to the Large Taxpayers Programs Division (LTPD), National Office. Taxpayers in all other regions submit them to the concerned Head, Excise Tax Area (EXTA), who sends all copies to the LTPD within 24 hours from receipt.
5. Interim invoice form. Pending finalization and approval of the ODI form for molasses, the ODI for Distilled Spirits (BIR Form No. 207) is issued to cover the shipment.

Who is affected

• Millers, owners and dealers of molasses
• Distilleries
• Sugar millers

Deadlines and effectivity

• Transcript due on or before the 5th day of the following month
• EXTA transmits to the LTPD within 24 hours from receipt