In a deep pan over medium heat, heat about 2-inch of oil to 350 F.
In a large bowl, combine 1 cup of the flour, Magic Sarap seasoning, orange food coloring, baking powder, salt, and pepper. Stir until well distributed.
Add water and stir until thick, smooth, and evenly colored.
In a shallow dish, place the remaining ¼ cup flour. Individually dredge the egg in flour and then dip using a fork in the orange batter to fully coat.
Carefully place the battered egg in the hot oil. Repeat with remaining eggs.
Deep-fry for about 2 to 4 minutes or until golden brown and crisp, turning on sides as needed.
With a slotted spoon, remove eggs from the pan and drain on a wire rack set over a baking sheet. Serve immediately with choice of dipping sauce.