WHEREAS, it
is the concern of the government under its industrialization program to
help and assist local industry to the fullest extent as much as
possible;chanroblesvirtualawlibrary
WHEREAS, acetate tow used in the manufacture of cigarette filters is a
derivative of dissolving pulp, and presently, there is no possibility
that it will be produced locally as there are no facilities as yet
designed to produce dissolving pulp for acetate tow for cigarette
filters;chanroblesvirtualawlibrary
WHEREAS, at present, the wood pulp production in the Philippines is
geared to the manufacture of paper products;chanroblesvirtualawlibrary
WHEREAS, the Integrated Pulp and Paper Project, one of the 11 major
industrial undertakings of the government, which will be implemented as
scheduled until its completion in 1985, is also destined to produce
newsprint, kraft and fine paper; chanroblesvirtualawlibrary
WHEREAS, the objective of the tariff reform is to develop export
potentials and align the same with the development of the Integrated
Pulp and Paper Project, but since paper products top the priority list,
the production of dissolving pulp for acetate tow at this point cannot
be realized;chanroblesvirtualawlibrary
WHEREAS, the rate of duty on acetate tow, which was increased in
anticipation of the development of this project, should therefore be
amended so that the industry's economic development and growth will not
be disrupted.
NOW, THEREFORE, I, FERDINAND E. MARCOS, President of the Republic of
the Philippines, by virtue of the powers vested in me by the
Constitution, do hereby decree and order as follows:cralaw:red
Section 1. The stated rates of 20% ad valorem duty
for the year 1983-85 on acetate tow under heading No. 56.02.400 of the
Tariff And Customs Code of 1982, are hereby reduced to ten (10) per
cent ad valorem. chanroblesvirtualawlibrary
Section 2. This decree shall take effect immediately.
Done in the City of Manila,
this 14th day of January in the year of Our Lord, nineteen hundred and
eighty-three.
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