Commodity

Commodity Details

Chapter 27.10 Petroleum oils and oils obtained from bituminous minerals, other than crude; preparations not elsewhere specified or included, 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; waste oils.
Heading 2710.10 – Petroleum oils and oils obtained from bituminous minerals (other than crude) and preparations not elsewhere specified or included, 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, other than those containing biodiesel and other than waste oils :
Subheading 2710.12 – – Light oils and preparations :
Level Four 2710.12.30 – – – Aviation spirit, of a kind used in aviation piston-engines :
Commodity 2710.12.39 – – – – Other

For Imports

Regulating Agencies

Department of Finance
  • PNPC Complex, Merritt Road, Fort Bonifacio, Taguig, 1631 Metro Manila
  • 88402144 ,88402095
  • 88402187
  • rino.abad@doe.gov.ph

Legal Basis

  • DOE Department Circular No. 2006-08-0011 – DOE Department Circular No. 2006-08-0011 Interim Guidelines for the Accreditation of Oil Industry Participants in the Fuel BIOETHANOL Program
  • Department Circular No. 98-03-004 – Department Circular No. 98-03-004 Rules and Regulations Implementing RA 8479 'Downstream Oil Industry Deregulation Act of 1998'
  • RA 9367 dated January 12, 2007 – RA 9367 dated January 12, 2007 An Act To Direct The Use OfBiofuels, Establishing For This Purpose The Biofuel Program, Appropriating Funds Therefor, And For Other Purposes

Permits, Clearances, Certifications

  • Original copy of Acknowledgement Letter & Certificate of Compliance

Requirements & Procedures

Documentary Requirements

Listed Importer per Section 5 of IRR of RA 8479 (DC 98-03-004)

  1. Written notice addressed to the OIMB prior to actual loading of every importation including details and/or accompanying documents related to the importation:
    1. Type and quantity of cargo;
    2. Estimated date of loading and arrival;
    3. Supplier of Cargo;
    4. Estimated FOB price, freight and insurance cost;
    5. Vessel particulars;
    6. Ports of loading and discharge
  2. Documents to be attached to the written notice
    1. Proforma Invoice
    2. Guaranteed specification of the product

Procedures

Oil Industry Management Bureau

  1. Submission of written notice
  2. Evaluation of notice/ preparation of acknowledgment letter
  3. Review/ endorsement for approval of acknowledgment letter
  4. Approval of Acknowledgment Letter
  5. Recording/ transmittal of acknowledgment letter

NTMs

  1. OIMB – Notice Prior to Engagement in any Activity or Business in the Downstream Oil Industry
  2. OIMB – Tariff duty for imported crude oil and imported refined petroleum products
  3. OIMB – Reportorial Requirement after importation of crude oil, petroleum products and petroleum based products

Import Status

Regulated

For Exports

Regulating Agencies

Department of Finance
  • PNPC Complex, Merritt Road, Fort Bonifacio, Taguig, 1631 Metro Manila
  • 88402144 ,88402095
  • 88402187
  • rino.abad@doe.gov.ph

Status

NTMs

  1. OIMB – Reportorial Requirement for exportation of crude oil, petroleum products and petroleum based products

Tariff Schedules

Visit the Philippine Tariff Commission (TC) through its Philippine Tariff Finder (PTF).

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