Question & AnswerQ&A (EXECUTIVE ORDER NO. 336)
Executive Order No. 336, dated July 23, 2004, modifies the rates of import duty on crude petroleum oils and refined petroleum products under Section 104 of the Tariff and Customs Code of 1978.
Republic Act No. 8479, also known as the Downstream Oil Industry Deregulation Act of 1998, provides for a single and uniform tariff duty on imported crude oil and imported refined petroleum products at the rate of three percent.
The President may reduce the tariff rate when deemed warranted pursuant to Republic Act No. 1937, as amended, which is the Tariff and Customs Code, and also modify rates according to Sections 401 and 402 of the Tariff and Customs Code of 1978.
The tariff rate shall be automatically adjusted to the appropriate level upon implementation of the Uniform Tariff Program under the World Trade Organization and ASEAN Free Trade Area commitments.
They are the rates of import duty accorded to imports coming from ASEAN Member States applying CEPT concessions to the same product pursuant to the Agreement on the CEPT Scheme for the ASEAN Free Trade Area signed on January 28, 1992.
The MFN and CEPT rates shall take effect once the Department of Energy certifies that a trigger price has been reached.
The Department of Energy (DOE) is responsible for certifying the trigger price.
The Department of Energy, Department of Finance, Department of Trade and Industry, National Economic and Development Authority (NEDA), and the Bureau of Customs.
No, the rates of import duty on tariff headings not enumerated and those listed but represented by the symbol "x x x" remain in force and effect.
It took effect fifteen (15) days following its complete publication in two newspapers of general circulation in the Philippines.