Section 4Sec./Art. 4

Transitory Provision. Refined and manufactured products of petroleum produced from crude oil and/or indigenous petroleum on which the ten percent (10%) ad valorem basic duty and the Ninety-five centavos (P0.95) special levy under Harmonized System Heading No. 27.09 of the Tariff and Customs Code of the Philippines, as amended, or the fifteen percent (15%) tax imposed under Section 151(a)(4) of the National Internal Revenue Code, as amended, have been paid before the effectivity of this Act, but which shall be removed from the place of production or released from custom's custody, as the case may be, on or after the effectivity of this Act, shall not be subject to specific tax prescribed under Section 1 hereof but to the rates of specific tax under Section 145 of the National Internal Revenue Code, as amended, prior to this Act.