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was used to enter billing information into petitioner's billing
system. Billing information for regular customers and shippers
who shipped parcels from petitioner's customer counters was
entered into petitioner's computer system regularly by each
district, and petitioner billed its regular customers weekly.
The bills sent to petitioner's regular shippers reflected all
amounts to be collected from those shippers. Included, and
itemized separately, on those bills were the EVC's and other
miscellaneous charges. All amounts collected from shippers by
petitioner, including amounts for EVC's, were deposited into
petitioner's bank accounts.
For the taxable year ended December 31, 1983, EVC's billed
and/or collected from shippers were included in petitioner's
reported income for tax, financial accounting, ICC, State
regulatory, and Securities and Exchange Commission (SEC)
reporting purposes.
b. Claims
Shippers' claims were governed by the tariffs submitted by
petitioner to the ICC and the various States. Petitioner's
12(...continued)
which is a reasonable value under the circumstances
surrounding the transportation. The entry of a C.O.D.
amount is not a declaration of value. In addition, the
maximum value for an air service package is $5,000 and
the maximum carrier liability is $5,000. Claims not
made to carrier within 9 months of shipment date are
waived. * * *
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