Commercial Information Circulars
24-hour hotline : 23 922 922
e-mail address : enquiry@tid.gov.hk
Ref. : EIC 616/3
18 May 2020
Dear Sirs,
Commercial Information Circular No. 400/2020
The Philippines : Temporary Modification of Import Duty on Crude Petroleum Oil and Refined Petroleum Products
The President of the Philippines issued Executive Order No. 113 on 2 May 2020 to announce the temporary modification of import duty on crude petroleum oil and refined petroleum products with a view to funding measures that address the COVID-19 outbreak in the country.
DETAILS
2.Salient points regarding the temporary increase of import duty are set out in table below:
| Product Coverage | Certain products under the Harmonized System ("HS") codes 2709, 2710 and 2711. For the list of covered products, please refer to Annex A of the Executive Order - https://www.officialgazette.gov.ph/downloads/2020/05may/20200502-EO-113-RRD.pdf |
|---|---|
| Import Duty | Additional import duty of ten percent on top of the current Most Favoured Nation (MFN) and preferential import duties (including those under free trade agreements) will be temporarily applied. |
| Effective Period | The temporary modification of the import duty took effect from 4 May 2020 and will remain effective until the Republic Act No. 114691 ceases to take effect, or international oil prices have increased and reached the trigger prices (upon a certification by the Department of Energy). |
ENQUIRIES
3.For enquiries concerning the content of this circular, please contact us at 2398 5594.
Yours faithfully,
(Miss Jasmine LEUNG)
for Director-General of Trade and Industry
1 Republic Act No. 11469 was enacted on 24 March 2020 declaring a state of emergency in the Philippines and granting emergency powers to the President of the Philippines to adopt and implement measures to address the COVID-19 outbreak. The act will be in effect for three months unless extended.
Note: While every effort is made to ensure the accuracy of the above information, the Department cannot guarantee this to be so and will not be held liable for any reliance placed on the same.