WHEREAS,
the production of local Virginia tobacco of the quality needed and in
quantities marketable in both domestic and foreign markets should be
continued and further encouraged so as to strengthen the economy of the
nation;chanroblesvirtualawlibrary
WHEREAS, to better realize such objective, it is necessary that the
economic well-being of the Virginia tobacco farmers shall be
assured; chanroblesvirtualawlibrary
WHEREAS, it has been determined that the minimum prices of locally
produced tobacco set forth under Presidential Decree No. 62 and Letter
of Instructions No. 166 are, by present standards, inadequate taking
into account the higher cost of production; and to protect the tobacco
farmers, there is need to fix and/or revise the minimum prices at which
Virginia tobacco leaf may be purchased from them;chanroblesvirtualawlibrary
NOW, THEREFORE, I, FERDINAND E. MARCOS, President of the Philippines,
by virtue of the powers vested in me by the Constitution, do hereby
decree and order the following as part of the law of the land:cralaw:red
Section 1. Beginning with the tobacco trading year
1976, no person, corporation, partnership or association shall buy
locally grown Virginia leaf tobacco at prices lower than the following:cralaw:red
GRADE A — P7.00 per kilogram
GRADE B — 6.50 per kilogram
GRADE C — 6.00 per kilogram
GRADE D — 5.50 per kilogram
GRADE E — 5.00 per kilogram
The Description of each grade shall be determined by the Philippine
Virginia Tobacco Administration.
Section 2. The Philippine Virginia Tobacco
Administration may hereafter fix the minimum prices at which Virginia
leaf tobacco may be purchased from tobacco farmers whenever the
national interest so requires, taking into consideration cost of
production, transportation, marketing and other relevant factors.
Section 3. The Philippine Virginia Tobacco
Administration is hereby authorized to issue rules and regulations
necessary to implement the provisions of this Decree.
Section 4. Any person who shall violate the
provisions of this Decree and any rule or regulation that may be issued
by the Philippine Virginia Tobacco Administration pursuant to the
authority granted in the preceding section shall, upon conviction, be
punished by a fine of not more than Twenty Thousand Pesos (P20,000.00)
and/or by imprisonment of not more than five years; PROVIDED, That in
the case of corporations, partnerships, associations or companies, the
President, Manager or Administrator or the person who has charge of the
administration of the business shall be criminally responsible for any
violation of this Decree or of the rules and regulations that may be
promulgated by the Philippine Virginia Tobacco Administration pursuant
to the authority in the next preceding section. If the offender is an
alien, he shall be deported immediately without further
proceedings. chanroblesvirtualawlibrary
Section 5. Any provision of law or decree in conflict
herewith is revoked or amended immediately.
Section 6. This Decree shall take effect immediately.
DONE in the City of Manila,
this 26th day of February in the year of Our Lord, nineteen hundred and
seventy-six.
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