G.R. No. 103073. March 13, 2001.
MAIN TOPIC – Credit Card
- This case is a motion for reconsideration of the decision, dated 14 September 1999, of the Court.
- See earlier case: Endelo Manufacturing Corporation (Endelo) is a domestic corporation engaged in the manufacture of embroidery and apparel articles for export using imported raw materials. To release said materials from the customs warehouse, Endelo secured embroidery re-export bonds from the Communications Insurance Company, Inc. (CICI), and R & B Surety Company and Insurance Co., Inc. (R & B Surety). However, Endelo’s license to operate was subsequently suspended by the Embroidery and Apparel Control and Inspection Board on the ground of alleged pilferage of the imported materials. The suspension of its license resulted in its failure to re-export the imported materials or the finished goods.As a consequence, the Commissioner of Customs filed a case against Endelo, CICI and R & B Surety, for the payment of the customs duties and taxes due to the Bureau of Customs.