Withdrawal of Tax and Duty-Free Exemptions of LPG Importation
Letter of Instructions No. 1333, issued on June 16, 1983, revokes previous exemptions on the importation of Liquefied Petroleum Gas (LPG) from customs duties and the Consumer Price Equalization Fund. This change is due to improved availability and lower prices of LPG in the global market, which negates the need for such exemptions. Consequently, all future LPG imports will now be subject to the usual duties and imposts. The Board of Energy is tasked with evaluating if cost recovery for LPG due to foreign exchange fluctuations is warranted, similar to provisions for crude oil and diesel imports. This directive takes immediate effect.
Law Information
- Reference Number
- Letter of Instructions No. 1333
- Date Enacted
- Category
- Presidential Issuances
- Subcategory
- Letters of Instructions
- Jurisdiction
- Philippines
- Enacting Body
- Congress of the Philippines
Full Law Text
June 16, 1983
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. cdt
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. casia
Cite This Law
Withdrawal of Tax and Duty-Free Exemptions of LPG Importation, Letter of Instructions No. 1333, Jun 16, 1983 (Philippines)
Withdrawal of Tax and Duty-Free Exemptions of LPG Importation, Letter of Instructions No. 1333 (Phil. 1983)
Related Laws
- Lifting the Duty and Tax Exemptions Granted to the Importation of LPGLetter of Instructions No. 1135 • May 25, 1981 • Presidential Issuances
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- Continued Tax and Duty Free Importation of Petroleum ProductsLetter of Instructions No. 839 • Mar 31, 1979 • Presidential Issuances
- Tax and Duty Free Importation of Petroleum Products by the PNOCLetter of Instructions No. 837 • Mar 31, 1979 • Presidential Issuances
- Lifting the Tax and Duty Exemptions Granted to Certain Imported Petroleum ProductsLetter of Instructions No. 1068 • Sep 23, 1980 • Presidential Issuances
- Authorizing the Tourist Duty-Free Shops, Inc. to Establish and Operate Duty and Tax Free ShopsPresidential Decree No. 1193 • Sep 6, 1977 • Presidential Issuances
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