Letter of Instructions No. 1333

 

Under Executive Order No. 881 the importation free of customs duties and the Consumer Price Equalization Fund Import of Liquefied Petroleum Gas (LPG) by persons or entities duly authorized by the Bureau of Energy Utilization was allowed due to shortages in supply and consequent high import prices at the time of the promulgation of the Executive Order.  Since the implementation of this Order, however, the availability of LPG in the world market has improved and the price reduced considerably.

 

In view of the fact that the conditions for this granting of exemptions free from customs duties and Consumer Price Equalization Fund payment no longer exist, such exemption shall now be discontinued.  Henceforth, importation of LPG shall be subject to duties as well as the Consumer Price Equalization Fund Impost.  The Board of Energy, however, shall study and if justified, may allow recovery of LPG impost cost increases arising from foreign exchange rate fluctuations as in the case of crude oil and diesel importations.

 

This Letter of Instruction is to take effect immediately.

 

Done in the City of Manila, this 16th day of June in the year of Our Lord, nineteen hundred and eighty-three.

 

What do you want to do now?

 

Go back to the Top; Go back to artís home page; Laugh or Be Entertained; Destroy Cartels and Monopolies; Invest or Find a Job; Check Software or a Computer; Check out the latest News; Look for a School; Greet a Friend; Dip Into Black Gold and be Electrified; Express Yourself; Relive the Past; Get Involved in the Law. Government & Politics; Read Some Classics; Consult the laws of the Philippine Energy Sector; Philosophize; or Search.

 

This page is best viewed using Microsoft Internet Explorer 11.0.

 

Last revised:  May 13, 2016 03:21 AM.

 

Caveat EmptorOwners of the sites included herein do not explicitly endorse this page.

 

Comments, suggestions, objections, or violent reactions?

 

Let me know.