(NAR) VOL. 7 NO. 2 / APRIL-JUNE 1996
“WHEREFORE, pursuant to Republic Act No. 8180, this Board hereby orders and requires persons and companies directly importing petroleum products for their own use to pay to/withdraw from the OPSF the amount imposed on petroleum products prescribed in ERB Resolution No. 96-09 dated April 10, 1996, provided, however, that their withdrawal therefrom shall only be up to the extent of their contribution; and that the Department of Energy is hereby requested to inform the accredited direct importers of such finished products of this resolution. “The following guidelines are hereby issued for proper guidance and compliance of all person and companies concerned:
- Schedule of amount due to/from the OPSF showing volume, ERB’s rate of import, and total amount3. A surcharge of fifteen percent (15%) for the first month and two percent (2%) for every month thereafter shall be imposed by the DOE for late remittance of amount due the OPSF in accordance with Ministry of Finance Order No. 1-85 dated April 15, 1985, as amended.
- Supplier’s Invoice
- Bill of Lading
- Import Entry Declaration
- Certificate of Compliance issued by the Energy Industry Administration Bureau (EIAB), Department of Energy