RMC No. 50-2014 — Reiterates and clarifies the requirement in the issuance of Withdrawal Certificate for every removal of petroleum or petroleum products

BUREAU OF INTERNAL REVENUE REPUBLIC OF THE PHILIPPINES DEPARTMENT OF FINANCE June 9,2014 RECORDS MGT RECEIVED 25 J{JN 1 0 20141 7 3:0 INTEHNAL NUYONUI M BVISiON M

REVENUE MEMORANDUM CIRCULAR NO. 50-- 30/4

SUBJECT: Petroleum Products Reiteration and Clarification on the Reguirement : - Issua:ce of Withdrawal Certificate for Every Removal of Petroleum

TO All Internal Revenue Officers and Others Concerned

consequently ensuring that correct excise taxes have been paid. of a Withdrawal Certificate (WC) for every removal of products from the refinery, depot, or any storage facility for purposes of monitoring the movement of petroleum products and This Circular is hereby issued in order to reiterate and clarify the preparation and issuance

However, such requirement has been expanded to, likewise, cover importers of finished petroleum or petroleum products are required to prepare an official wc for every removal of of the consignee, the date of removal, quantity and description of every product removed. petroleum prcducts. products from the refinery, irrespective of destination, indicating therein the name and address As already enunciated in Revenue Regulations (RR) No. 13-77, manufacturers of

conveyance. It shall be attached to the bill of lading if the products are shipped through a the refinery or storage facility shall be accompanied by a Wc. The WC shall at all times accompany each and every removal of petroleum or petroleum products regardless of the mode of conveyance nct owned or operated by the consignor/manufacturer. Accordingly, every transfer/shipment of petroleum or petroleum products whether from

and amount must be indicated. And if the petroleum product is being removed from a storage facility, the tank number shall be indicated in the wc. tankers or marine vessel, one WC shall be prepared and issued indicating therein the manufacturer/importer, full name and address of consignee, place of final destination, carrier/truck number, date withdrawn, due date of payment, exact description of the product, volume and amount of excise tax paid, whether imported or locally manufactured. The taxpayer must indicate whether the product is bonded, tax exempt or tax paid on the space provided under indicated. If payment is made through a Product Repienishment Debit Memo (PRDM) pursuant to the Product Reolenishment Scheme under RR 3-2008, the PRDM No. with the corresponding date "Remarks". If the product is imported, the OR No., amount and date of payment must be For petroleum or petroleum products removed and transported through the use of

each and every removal. manufacturer/consignor. In case of transfer from one depot to another, a wc must be issued for documents, if the removal is destined to the depot or storage facility owned or operated by the All WCs shall be supported by Saies Invoice, Delivery Invoice and /or internal transfer

be considered illegally removed and subject to confisc:: on or :orfeiture regardless whether the Any petroleum or petroleum product found to be unaccompanied by an official wC shafl

same is tax-paid or not.

of the entries in the said wc. All WCs must be certified by the Revenue Officer on Premise (ROOP) as to the correctness

possible. All revenue officials concerned are requested to give this Circular as wide a publicity as

KIM S. a NTO-HENARES Commissioner bf Internal Revenue

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