In addition to the requirements under Circular Letter No. 9, Series of 2006-2007 dated 29 November 2006, particularly section 2.6 Withdrawal of the œE  Sugar from the Refinery, section 2.7 Authority to Withdraw the œE  Sugar from the Refinery, and Section 2.8 Monitoring and Liquidation of the œE  World Market Sugar, for efficient monitoring, the following are the additional rules and regulations in the withdrawal and liquidation of œE  or CBW Food Processors/Exporters sugar.

1.   Obligations of the Sugar Traders

1.1	To furnish SRA with a NOTICE TO WITHDRAW œE  SUGAR at least one working (1) day prior to the actual withdrawal of the œE  sugar from the mills. (A sample form of the said Notice to Withdraw is hereto attached* ).
	Proof of compliance of this notice shall be presented to the SRA regulation officer during the actual withdrawal of the sugar;
1.2	To directly deliver the withdrawn œE  sugar to the factory of the sugar-based food processors/exporters;
1.3	To allow the authorized SRA representatives to monitor in the withdrawal and delivery of the said œE  sugar including but not limited to the escorting of the said delivery to its intended destination;

2.   Obligations of the Sugar-Based Food Processors/Exporters

2.1	To allow the authorized SRA representatives to monitor the delivery of œE  sugar to their factory and to conduct physical assessment of their sugar usage in their sugar warehouse during reasonable office hours;
2.2	Posting of Performance Bond (to use the œE  sugar solely for products intended for export and to export the finished product) in an amount to be determined by the SRA guided by the price difference between the œB  or Domestic sugar and the œD  or World Market sugar.
	This bond shall be submitted as part of the requirements in the issuance of clearance/authority to withdraw œE  sugar from the mill and the same shall be cancelled after the sugar-based food processors have fully liquidated the œE  sugar covered by the bond;
2.3	For the purpose of liquidation, to provide the SRA with all the documentary requirements for liquidation within six (6) months after the withdrawal of the œE  sugar from the mills in the same manner as those required under the Customs Bonded Warehouse (CBW) Program such as but not limited to:
	2.3.1	Export Sales Invoice/Export Declaration
	2.3.2	Statement of Liquidation
	2.3.3	Bank Remittance/Proof of payment/Bank Certification

This circular letter shall also apply to œE  sugar withdrawn in raw form. This circular letter shall be effective immediately.

For strict compliance.

Adopted: 21 Feb. 2007