DOE has kicked off collaboration on “data harmonization” with the Bureau of Customs (BoC) and BIR so the government can determine if there will be discrepancies in the volume of oil products being shipped into the country compared to the imported-barrels
The Department of Energy has kicked off collaboration on “data harmonization” with the Bureau of Customs and the Bureau of Internal Revenue so the government can determine if there will be discrepancies in the volume of oil products being shipped into the country compared to the imported-barrels being levied with taxes.
The energy official emphasized that part of the required submissions from the oil companies had been their bill of lading; as well as port entry certificates for their oil shipments. The bill of lading, in particular, is the document issued by a carrier acknowledging receipt of the cargo or shipment.
The energy official explained “if there will be variation in the figures in the oil volumes shipped compared to what had been taxed by the BOC at the ports; or with the taxed sales at the pumps, then there could be possible loopholes to be plugged on the movement of products on the ground.”
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