Opinion no. 152 (On the question as to whether crude oils which be imported by Caltex Philippines), Inc., in accordance with the terms of the petroleum refining concession granted to it by the Government of the Philippines on June 20, 1953, under the Petroleum Act of 1949 (Rep. Act No. 387) may be imported free of customs duty under Article of the Petroleum Act)
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Part of The Lawyers Journal
- Title
- Opinion no. 152 (On the question as to whether crude oils which be imported by Caltex Philippines), Inc., in accordance with the terms of the petroleum refining concession granted to it by the Government of the Philippines on June 20, 1953, under the Petroleum Act of 1949 (Rep. Act No. 387) may be imported free of customs duty under Article of the Petroleum Act)
- Language
- English
- Source
- XIX (10) October 31, 1954
- Year
- 1954
- Subject
- Petroleum export and import trade
- Petroleum refineries
- Petroleum Act of 1949
- Republic Act 387
- Petroleum industry
- Philippines. Department of Justice
- Caltex Philippines, Incorporated
- Rights
-
- Abstract
- The Secretary of Justice, Hon. Pedro A. Tuason said in connection with the imposition of customs duties on crude oils which will be imported by Caltex (Philippines), Incorporated, following the terms of the petroleum refining concession granted by the government. Imported crude oils will not be sold as such but will be refined in the petroleum refinery into gasoline, kerosene, diesel, and fuel oils. Therefore, imported crude oils by the Caltex (Philippines), Incorporated, and which will be used as materials in its petroleum refinery may enter free of customs duty within the first five (5) years following the grant of its concession.