Import Duty Reduction on Petroleum Products

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Title Supreme Court: Import Duty Reduction on Petroleum Products

Law: Executive Order No. 440

Decision Date: Jun 29, 2005

President Gloria Macapagal-Arroyo's Executive Order No. 440 reinstates the original import duty rates on crude and refined petroleum products, reversing a previous increase, in response to the implementation of the VAT Reform Law and commitments to the ASEAN Free Trade Area.

import duty

crude oil

refined products

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