WHEREAS, it
is the policy of the State to extend rational encouragement to the
domestic processing of local raw material, such as copra; chanroblesvirtualawlibrary
WHEREAS, the tariff structures of certain importing countries result in
a net effective burden on processed items as in the case of coconut
oil;chanroblesvirtualawlibrary
WHEREAS, it is also necessary to channel, without unduly disrupting
international commitments, some of the exported copra toward domestic
processing to increase domestic capacity utilization and to bolster
gain to the economy in terms of foreign exchange value added,
employment and revenues.
NOW, THEREFORE, I, FERDINAND E. MARCOS, President of the Philippines,
by virtue of the powers vested in me by the Constitution and pursuant
to Section 515 of the Tariff and Customs Code, do hereby further amend
Presidential Decree No. 230, as amended, by increasing the export duty
on copra from six per cent (6%) of the gross F.O.B. value to as
follows:cralaw:red
a) 7 ½%, effective January 1, 1979 to December
31, 1980;chanroblesvirtualawlibrary
b) 9%, effective January 1, 1981 to December 31,
1982; and
c) 10%, effective January 1, 1983.
Notwithstanding the provisions of this Decree, nothing herein shall
affect the authority of the President to modify or change by executive
order the rates of duty on coconut products, as provided for in Section
515 of the Tariff and Customs Code.
This Decree shall take effect immediately.
Done in the City of Manila,
this 11th day of June, in the year of Our Lord, nineteen hundred and
seventy-eight.
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