(NAR) VOL. III NO. 4 / OCTOBER - DECEMBER 1992
1.1 | Landed Cost and Netback Differentials | ||
1.1.1 | Foreign Supplier’s Invoice | ||
1.1.2 | Invoice for freight charge where freight is not included in the Supplier’s Invoice | ||
1.1.3 | Bill of Lading/Letter of Indemnity | ||
1.1.4 | Import Entry Declaration | ||
1.1.5 | Insurance agreement, premium invoice, ocean loss surplus voucher, and other related documents to support inclusion of ocean loss in the computation of total landed costs. | ||
1.1.6 | Official Receipts for customs duty and wharfage fee. | ||
1.1.7 | Certificate of quantity received (in liters) from stock refinery duly certified by Stock Refinery Accountant. | ||
1.1.8 | ERB Importation Clearances as required under Memorandum Circular Nos. 86-1 and 86-2 of the Office of the Deputy Executive Secretary for Energy. | ||
1.1.9 | Sworn application signed by the responsible Vice President of the oil company supported by landed cost build up by shipment of petroleum products and computation of amount that the oil companies should withdraw from/contribute to the OPSF, as specified under ERB Resolution No. 91-02 duly certified by an independent public accountant. | ||
1.2 | Specific Tax Differential | ||
1.2.1 | Import entry declarations and certificate of quantity received on jet avturbo and kerosene importations specified under ERB Resolution No. 91-02 together with proof of payment for specific tax. | ||
1.2.2 | Schedule of jet avturbo and kerosene per shipment specifying tax free sales volume, downgraded volume, and other sales volume. | ||
1.2.3 | Schedule of specific taxes paid on jet avturbo and kerosene upon importation and as of the effective date of downgrading showing the difference that is claimable from/due to the OPSF duly certified by an independent public accountant. | ||
1.2.4 | Sworn statement of amount due to/from the OPSF signed by the responsible Vice President of the oil company concerned. |
2.1 | Cost, Insurance, and Freight (CIF) shall be based on loaded volume or received volume, whichever is lower, and ERB Foreign Exchange Reference Rate per applicable ERB Resolution during the particular period at the time of import entry. | |
2.2 | Customs duty and wharfage fee shall be based on volume and foreign exchange rate at the time of entry of the shipment as shown in the Import Entry Declaration. | |
2.3 | Ocean loss shall not be included, if all risks were covered by the Insurance Agreement; otherwise, a maximum of 5% tolerable loss or the actual loss, whichever is lower, shall be considered. |