Formation and Composition of Inventory Teams (IT)
- Creation of an Inventory Team for each operating sugar mill/refinery
- For sugar mills, IT composition:
- Authorized representative of the mill company
- Authorized representative(s) of planters’ associations, cooperatives, or federations
- SRA authorized representative acting as team leader
- SRA representative’s responsibility:
- Ensure proper representation of all parties throughout the inventory process
Prohibition of Withdrawals During Inventory
- Absolute ban on withdrawal of raw and/or refined sugar and molasses from warehouses and molasses tanks
- Ban effective for the entire duration of the physical sugar/molasses stock inventory
- Inventory must be conducted simultaneously across all mills/refineries
Submission and Certification of Inventory Results
- Physical stock inventory results and quedan/molasses certificate inventory to be recorded using designated SRA forms
- Certification of the accomplished forms by the concerned mill/refinery companies
- Submission responsibility assigned to SRA Regulation Officers at each mill/refinery
- Deadline for submission: Within ten (10) calendar days from the inventory start date
- Submission directed to the Production Control and Regulation Office (PCRO), SRA, located in Quezon City
Enforcement and Compliance
- Strict compliance by all involved parties is mandated
- Non-compliance is discouraged and implicitly subject to regulatory scrutiny
Administrative Authority and Date of Adoption
- Circular issued by James C. Ledesma, Administrator of the Sugar Regulatory Administration
- Date of adoption: August 5, 2004