Executive Order No. 314 (2000)

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.

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effectivity of this Executive Order, the articles specifically listed in the aforesaid Annex "A" which are entered or withdrawn from warehouses in the Philippines for consumption shall be levied the rates of duty therein prescribed.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administrative rules and regulations, or parts thereof, which are inconsistent with this Executive Order are hereby repealed or modified accordingly.

Effectivity

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

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