Memorandum Order No. 134

SECTION 1. The Department of Finance and its attached bureaus, particularly, the Bureau of Customs and the Bureau of Internal Revenue shall consult and coordinate with the SRA in the determination of the appropriate classification of sugar products for certain purposes including but not limited to imposing the proper import duties, and/or assessing value added or other taxes thereon.

SECTION 2. The Bureau of Customs shall notify the SRA in case of any importation, exportation or withdrawal from customs bonded warehouses, of sugar, and all forms thereof, prior to their release and allow the SRA to inspect the shipment or warehouse to verify compliance with its rules and regulations. The entry to and exit from special economic zones of sugar products shall be covered by this provision.

SECTION 3. The SRA shall assist the Bureau of Customs or the Bureau of Internal Revenue in the determination of the appropriate classification of sugar and sugar products for purposes of imposing the proper import duties and/or assessing value-added or other taxes thereon.

SECTION 4. The foregoing agencies shall enter into appropriate agreements with each other and issue such additional rules and procedures as may be necessary or desirable in order to fully implement the provisions of this Memorandum Order.

SECTION 5. All presidential issuance, administrative rules and regulations, or parts thereof, which are contrary to or inconsistent with this Memorandum Order are hereby repealed or modified accordingly.

This Memorandum Order shall take immediately

SECTION 6. This Memorandum Order shall take immediately. DONE in the City of Manila, this 9th day of February, in the year of our Lord, two thousand and Four. (SGD.)GLORIA MACAPAGAL-ARROYO

By the President:

(SGD.)ALBERTO G. ROMULO

Executive Secretary