TO : | The Governor Central Bank of the Philippines Manila The Commissioner Bureau of Customs Manila |
In order to insure the immediate exploration and exploitation of geothermal energy in certain areas of the country, you are hereby directed to allow and facilitate the entry and re-export on a no-dollar import basis of the following equipment, their accessories and spare parts, to wit:
- Drilling rig mast, draw works and mud system;
- Generators, engines and associated machinery to power the rigs;
- Heavy duty trucks, A-Frames and light vehicles;
- Lining accommodations (trailers) etc. for expatriate crews and operators;
- Storage and mixing facilities for comment; and
- Cement pumping equipment.
The entry and re-export allowed herein on a no-dollar import basis cover only those made under lease agreements and after complying with the following conditions:
- Filing of an appropriate bond;
- Certification of the National Power Corporation that the equipment, their accessories and spare parts, are necessary for geothermal exploration or exploitation;
- Approval by the Power Development Council (PDC) of the intended importation of re-exportation.
DONE in the City of Manila, this 14th day of March, in the year of Our Lord, Nineteen Hundred and Seventy-Five.
SOURCE: CD ASIA