Grant of Duty Drawback on Fuel Oil Used for Manufacture of Cement for Export
Letter of Instructions No. 282, issued on June 2, 1975, mandates the Secretary of Finance, Secretary of Industry, and Commissioner of Customs to implement duty drawbacks on fuel oil used in cement manufacturing intended for export. This initiative aims to maximize industrial capacity and enhance the export capabilities of Philippine manufacturers, thereby generating foreign exchange for the country. The duty drawback must comply with regulations established by the Secretary of Finance in coordination with the Secretary of Industry.
June 2, 1975
LETTER OF INSTRUCTIONS NO. 282
| TO | : | The Secretary of Finance Manila |
| The Secretary of Industry | ||
| The Commissioner of Customs Manila |
In line with the government's policy to utilize fully all industrial productive capacity and promote exports of Philippine manufacturers to generate foreign exchange for the country, you are hereby directed to grant duty drawback under Section 106 (b) of the Tariff and Customs Code as amended, on fuel oil used for the manufacture of cement which is intended for and actually exported, subject to the rules and regulations governing drawback as may be prescribed by the Secretary of Finance, in coordination with the Secretary of Industry. aisa dc
DONE in the City of Manila, this 2nd day of June, in the year of Our Lord, Nineteen Hundred and Seventy-Five.