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EXECUTIVE ORDER NO. 314     November 8, 2000

MODIFYING THE RATES OF IMPORT DUTIES ON IMPORTED CRUDE OIL AND SELECTED REFINED PETROLEUM PRODUCTS UNDER SECTION 104

WHEREAS, Section 6 of R.A. 8479 otherwise known as the "Downstream Oil Industry Deregulation Act of 1998" provides that a single and uniform tariff duty is imposed and collected both on imported crude oil and imported refined petroleum products at the rate of three percent (3%);

WHEREAS, Sections 104 and 401 of the Tariff and Customs Code of the Philippines (Presidential Decree No. 1464), as amended, empower the President upon the recommendation of the National Economic and Development Authority, to increase, reduce or remove existing protective rates of import duty, as well as to modify the form of duty;

WHEREAS, prices of imported crude oil and imported refined petroleum products in the international markets indicate upward trend;

WHEREAS, it is necessary to soften the impact of such increases on prices of basic commodities and services;

NOW, THEREFORE, I JOSEPH EJERCITO ESTRADA, President of the Philippines, by virtue of the powers vested in me by law, do hereby order:

Section 1. The rate of import duty for imported crude oil and selected refined petroleum products as specifically listed in Annex "A" hereof, as classified under Section 104 of the Tariff and Customs Code of 1978, as last amended by E.O 461, dated 31 December 1997 shall be reduced from three percent (3%) to zero percent (0%).

Section 2. The nomenclature and the rates of import duty on tariff headings not enumerated and listed in Annex "A" hereof shall remain in force and effect.

Section 3. After they have been in effect for three (3) months, the zero import duty rates provided in Section 1 hereof may be subject to review by the President upon recommendation of the National Economic Development Authority. lawphi1.net

Section 4. Upon the effectivity of this Executive Order, the articles specifically listed in the aforesaid Annex "A" which are entered or withdrawn from warehouses in the Philippines for consumption shall be levied the rates of duty therein prescribed.

Section 5. All Presidential issuances, administrative rules and regulations, or parts thereof, which are inconsistent with this Executive Order are hereby repealed or modified accordingly. lawphi1.net

Section 6. Effectivity. This Executive Order shall take effect upon its complete publication in two (2) newspapers of general circulation in the Philippines.

DONE in the City of Manila, this 8th day of November in the year of Our Lord, two thousand.

(Sgd.)

President JOSEPH EJERCITO ESTRADA
President

By the President:

(Sgd.)

RONALDO B. ZAMORA
Executive Secretary

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Annex A

Hdg. No.	Harmonized Commodity Code	Description	Rates of Duty (%)
27.09 27.10 27.11 27.13	2709.00 00 2710.00 2710.00 10 2710.00 20 2710.00 30 2710.00 40 2710.00 50 2710.00 60 2710.00 70 2710.00 80 2710 00.90 2711.11 00 2711.12 00 2711.13 00 2711.14 00 2711.19 2711.19 10 2711.19 90 2711.21 00 2711.29 00 2713.11 00 2713.12 00 2713.20 00 2713.90 00	Petroleum oils and oils obtained from bituminous minerals, crude Petroleum oils and oils obtained from bituminous minerals, other than crude; preparations not elsewhere specified or included, containing by weight 70% or more of petroleum oils or of oils obtained from bituminous minerals, these oils being the basic constituents of the preparations. - - - xxx - - - xxx - - - Fuel oils - - - xxx - - - xxx - - - xxx - - - xxx - - - Gas oils (including diesel oil), kerosene (including kerosene type jet fuel) and motor gasoline; other heavy oils - - - xxx Petroleum gases and other gaseous hydrocarbons Liquefied: - - xxx - - Propane - - Butanes - - xxx - - Other: - - - Mixture of propane and butanes - - - Other: - xxx - - xxx - - xxx Petroleum coke, petroleum bitumen and other residues of petroleum oils or of oils obtained from bituminous minerals. Petroleum coke: --- Not calcined --- Calcined Petroleum bitumen Other residues of petroleum oils or of oils obtained from bituminous minerals	0 0 0 0 3 0 0 0 0

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