End Duty-Free Import of Certain Petroleum Products

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LETTER OF INSTRUCTIONS NO. 1068: End Duty-Free Import of Certain Petroleum Products

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Title Supreme Court: End Duty-Free Import of Certain Petroleum Products

Law: Letter Of Instructions No. 1068

Decision Date: Sep 23, 1980

The Philippine government discontinues tax and duty exemptions for certain imported petroleum products due to changes in supply, consumption, and inventories, requiring importers to pay applicable duties and taxes upon importation.

imported petroleum products

premium gasoline

A

Change in Circumstances Leading to Policy Revision

Since implementation, three key changes have occurred:
1. Increased supply of crude oil to the Philippines.
2. Decline in domestic consumption of motor gasoline and kerosene, partly attributed to conservation efforts.
3. Substantial increase in inventories of motor gasoline and kerosene.

Discontinuation of Duty-Free Importation

Due to the changed circumstances, the conditions justifying the previous exemptions no longer exist.
As a result, exemptions on the importation of premium gasoline, regular gasoline, naptha, natural gas liquids, and kerosene from payment of customs duties and importation taxes shall be discontinued.

New Importation Policy and Scope

Effective immediately, the importation of the specified petroleum products shall be subject to the normal customs duties, importation taxes, and charges as provided under the Customs Code.
The policy applies specifically to the petroleum products previously exempted: premium gasoline, regular gasoline, naphtha, natural gas liquids, and kerosene.

Legal Effectivity

This letter of instruction took effect immediately upon issuance on September 23, 1980.

Signatory and Authority

Signed by President Ferdinand E. Marcos, exercising executive authority to modify prior exemptions based on changed market and supply conditions.

END