[ SRA CIRCULAR LETTER NO. 52, August 20, 1999 ]
IMPLEMENTING GUIDELINES ON THE REVISED PROCEDURES IN THE COLLECTION AND REMITTANCE OF SRA SUGAR LIENS/CHARGES PURSUANT TO SUGAR ORDER NO. 16, SERIES OF 1998-1999
Pursuant to Sugar Order No. 16, series of 1998-1999, the following guidelines covering the revised procedures in the collections and remittances of SRA liens/fees/charges imposed on sugar quedans covering sugar productions of mills and refineries are hereby promulgated:
I
Collection of Liens and Charges:
1. In order to insure the orderly collection and prompt remittance of liens and fees/charges, all Operating Mill and Refinery Companies are hereby authorized to collect the same in trust for the SRA, the total value of which shall correspond to the sum of the liens and fees/charges reflected in each quedan surrendered prior to withdrawal of the sugar by mill traders.
2. Withdrawal of physical sugar shall only be allowed by the Mill/Refinery upon presentation of (a) the covering quedans to the SRA Regulation Officer assigned at the millsite and (b) the corresponding SRA Official Receipt as proof of payment of the corresponding liens and fees/charges. Otherwise, the mill/refinery shall be held liable by the SRA.
II
Remittance thru the On-line Collection Facility of Land Bank
1. The Sugar Mill/Refinery Companies shall remit on-line to SRA's bank account in Landbank SRA,. Diliman branch (Account No. _________) the collected liens and charges. (The mills/refineries shall be provided with these numbers once approved.)
A Circular Letter shall be issued indicating SRA's specific account number in Landbank SRA Diliman branch for Price Stabilization Fee, Special Milling Fee, Milling Permit Fee that each remitting mill shall use.
Each remitting Mill Company shall be provided with the individual account where the weekly deposits shall be made. The remitting mill shall indicate at the front of the deposit slips the particular liens/fees and charges, the amount and name of Mill Co. and duly signed by mill representative. Total collections per weekly reports submitted shall be equal to total deposits.
2. Mill/Refineries who fail to remit the subject liens and fees/charges within FIVE (5) days pursuant to said Sugar Order No. 16, shall be subject to a penalty of TWO PERCENT (2%j per month on the total unremitted amount. A fraction of a month shall be considered one (1) month for purposes of computing the penalty.
III
Reporting Requirement
1. Mill/Refinery Co. required to collect and remit the aforesaid liens and fees/charges shall submit to the SRA thru the Mill District Regulation Officer (MDRO) assigned thereat a weekly report of its collections and remittances by using the attached SRA-SMS Revised Form No. 1 and duly verified by and certified correct by the SRA MDRO.
Adopted: 20 Aug. 1999
(SGD.) NICOLAS A. ALONSO
Administrator
Collection of Liens and Charges:
1. In order to insure the orderly collection and prompt remittance of liens and fees/charges, all Operating Mill and Refinery Companies are hereby authorized to collect the same in trust for the SRA, the total value of which shall correspond to the sum of the liens and fees/charges reflected in each quedan surrendered prior to withdrawal of the sugar by mill traders.
2. Withdrawal of physical sugar shall only be allowed by the Mill/Refinery upon presentation of (a) the covering quedans to the SRA Regulation Officer assigned at the millsite and (b) the corresponding SRA Official Receipt as proof of payment of the corresponding liens and fees/charges. Otherwise, the mill/refinery shall be held liable by the SRA.
Remittance thru the On-line Collection Facility of Land Bank
1. The Sugar Mill/Refinery Companies shall remit on-line to SRA's bank account in Landbank SRA,. Diliman branch (Account No. _________) the collected liens and charges. (The mills/refineries shall be provided with these numbers once approved.)
A Circular Letter shall be issued indicating SRA's specific account number in Landbank SRA Diliman branch for Price Stabilization Fee, Special Milling Fee, Milling Permit Fee that each remitting mill shall use.
Each remitting Mill Company shall be provided with the individual account where the weekly deposits shall be made. The remitting mill shall indicate at the front of the deposit slips the particular liens/fees and charges, the amount and name of Mill Co. and duly signed by mill representative. Total collections per weekly reports submitted shall be equal to total deposits.
2. Mill/Refineries who fail to remit the subject liens and fees/charges within FIVE (5) days pursuant to said Sugar Order No. 16, shall be subject to a penalty of TWO PERCENT (2%j per month on the total unremitted amount. A fraction of a month shall be considered one (1) month for purposes of computing the penalty.
Reporting Requirement
1. Mill/Refinery Co. required to collect and remit the aforesaid liens and fees/charges shall submit to the SRA thru the Mill District Regulation Officer (MDRO) assigned thereat a weekly report of its collections and remittances by using the attached SRA-SMS Revised Form No. 1 and duly verified by and certified correct by the SRA MDRO.
Adopted: 20 Aug. 1999
Administrator