Pursuant to the powers vested in me under Sections 104 and 401 of the Tariff and Customs Code of the Philippines, as amended, I, FIDEL V. RAMOS, President of the Philippines, do hereby order:

SECTION 1.       A special duty of P1.90 per liter or P302.10 per barrel on imported crude oil falling under Hdg. No. 27.09 and P2.00 per liter on imported oil products falling under Hdg. Nos. 27.10 and 27.11 of Section 104 of the Tariff and Customs Code of the Philippines, as amended, and listed in Annex "A"* hereof shall be levied in addition to the existing ad valorem rates imposed on these articles.

SECTION 2.       Upon the effectivity of this Executive Order, the articles listed in Annex "A" hereof when entered or withdrawn from warehouses in the Philippines for consumption shall be subject to the new additional rates of duty prescribed therein.

SECTION 3.       The special duties imposed by Executive Order No. 478 on crude oil and imported oil products are hereby amended.

All other laws, Executive Orders, rules and regulations inconsistent with this Order are hereby modified, amended or repealed accordingly.

SECTION 4.       This Executive Order shall take effect after thirty (30) days following its publication in two (2) national newspaper of general circulation in the Philippines.

Adopted: 24 July 1993

(Sgd.) FIDEL V. RAMOS
President
By the President:

(Sgd.) TEOFISTO T. GUINGONA, Jr.
Executive Secretary

NOMENCLATURE ABD SPECIAL DUTY ON CRUDE OIL ANF OIL PRODUCTS
HS HDG NO		DESCRIPTION		RATE OF DUTY
2709.00 00		Petroleum oils and oils obtained from bituminous minerals, crude.		10% ad val. Plus P1.90/liter or P302.10/ barrel
2710.00 00		Petroleum oils and oils obtained from bituminous minerals, other than crude; preparations not elsewhere specified or include, containing by weight 70% or more of petroleum oils or of oils obtained from bituminous minerals, these oils being the basic constituents of the preparations.
2710.00 10		- - - x x x
2710.00 20		- - - Lubricating oil, including lubricating oil basestock when imported with special authorization by the Energy Regulatory Board		10% ad val. Plus P2.00/liter
2710.00 30		- - - Fuel oils, naptha, low aromatic solvents:
2710.00 31		- - - - Fuel oils		10% ad val.
2710.00 32		- - - Naptha, when imported with special authorization by the Energy Regulatory Board		10% ad val.
2710.00 33		- - - - Other naptha		10% ad val. Plus P2.00/Liter
2710.00 34		- - - -Low aromatic solvents, when imported with special authorization by the Energy Regulatory Board		10% ad val.

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* See Appendix V, Nomenclature and Special Duty on Crude Oil and Oil Products.