Bonded storage system set up for jet fuel used internationally
The Bureau of Customs (BoC) has established a bonded storage facility for aviation fuel, allowing international airlines to avoid paying taxes upfront and seek refunds later with the government seeking to reduce their operating costs. Customs Assistant Commissioner Vincent Philip C. Maronilla said the new system is intended to ease the cost burden on airlines […]
Source: BusinessWorld
https://bworldonline.com/economy/2026/09/16/777911/bonded-storage-system-set-up-for-jet-fuel-used-internationally/