Rev. Rul. 63-230

Revenue Ruling 63-62, C.B. 1963-1, 250 , sets forth lists of foreign countries which have been found by the Secretary of Commerce to allow or not allow substantially reciprocal privileges in respect of aircraft registered in the United States, for purposes of the special rule provided by section 4221(e)(1) of the Internal Revenue Code of 1954. That special rule relates to excise tax exemptions with respect to articles sold for use as supplies for civil aircraft which are registered in a foreign country and employed in foreign trade or trade between the United States and any of its possessions. The list of countries which had been found not to allow substantially reciprocal privileges includes the Philippines.

Based upon information received subsequent to the publication of Revenue Ruling 63-62, the Secretary of Commerce has found that, with respect to aircraft fuel and lubricants, the Republic of the Philippines does allow substantially reciprocal privileges in respect of aircraft registered in the United States. Therefore, the list of countries which have been found to allow substantially reciprocal privileges should include `Republic of the Philippines (only aircraft fuel and lubricants).'

Revenue Ruling 63-62 is hereby modified accordingly.