PHILIPPINE LAWS, STATUTES & CODES
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WHEREAS,
the prevailing specific tax on coal and coke is significantly out of
line with the value of these products;
WHEREAS, the corresponding duties and taxes on alternative sources and
alternative mineral fuels are significantly higher resulting in
excessive price distortions in favor of domestic coal and coke;
WHEREAS, such distortions should be corrected to a level that will
still maintain a reasonable margin in favor of domestic producers.
NOW, THEREFORE, I, FERDINAND E. MARCOS, President of the Philippines,
by virtue of the powers vested in me under Sec. 290-B of the
Internal Revenue Code, as amended, do hereby direct and order that:
Section 1.
"Sec. 154.
Sec. 2.
Sec. 3.
Done in the City of Manila,
this 11th day of June, in the Year of Our Lord, Nineteen Hundred and
Eighty-Four.
chan
robles virtual law library
Since 19.07.98.
