Section 5 of E.O. 290 "Implementing the NGVPPT" provides for the following privileges and incentives that may be availed of by NGVPPT participants:

• Income tax holiday for pioneering projects qualifying under the BOI Investments Priorities Plan;
  
• 1.0 percent rate of duty on imported NGV, NGV engines and other NGV industry related equipment, facilities, parts and components as certified by the DOE;
  
• Issuance by the Land Transportation Office (LTO) Certificates of Compliance with Emissions Standards to NGVs;
  
• Preferential and exclusive franchises from the Land Transportation Franchising Regulatory Board (LTFRB) for NGVs to newly opened routes;
  
• Accelerated issuance by the DENR of Environmental Compliance Certificate (ECC) for NGV facilities and refueling stations;
  
• Affordable and commercially tenable financial packages from Government Financing Institutions (GFIs);
  
• Manpower development and capability building through training and technology transfer programs;
  
• Attractive CNG prices which translate to a discount to diesel prices; and,
  
• Other privileges and incentives that may be subsequently provided.

Use of Bioethanol

E.O. 449 "Modifying the Rate of Import Duty on Bioethanol Fuel under Section 104 of the Tariff and Customs Code of 1978 (P.D. No. 1464), as Amended" provides that the importation of ethanol strength by volume exceeding 99.0 percent shall be subject to 1.0 percent Most Favored-Nation (MFN) rate of import duty when imported with certification from the DOE that the articles will be used for the Fuel Ethanol Program.