MATTER OF PUNA SUGAR COMPANY, LIMITED

No. 5602.

547 P.2d 2 (1976)

In the Matter of the Tax Appeal of PUNA SUGAR COMPANY, LIMITED, Appellant.

Supreme Court of Hawaii.

March 8, 1976.


Attorney(s) appearing for the Case

C. Michael Hare and Richard L. Griffith, Honolulu (Cades Schutte Fleming & Wright of counsel) Honolulu, for appellant.

Alana W. Lau, Deputy Atty. Gen., Ronald Amemiya, Atty. Gen., State of Hawaii, Honolulu, for appellee.

Before RICHARDSON, C.J., and KOBAYASHI, OGATA, MENOR and KIDWELL, JJ.


RICHARDSON, Chief Judge.

The taxpayer, Puna Sugar Company, Limited (hereinafter, Puna Sugar), is a Hawaii corporation engaged in the business of producing and refining sugar in the Puna District on the Island of Hawaii. In 1969 Puna Sugar purchased boiler and diffuser equipment from unlicensed mainland sellers and imported the purchased equipment to the State for use in its Puna Sugar mill. The purchase price of the equipment was $990,771.06 and the freight charges...

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