Amending Executive Order No. 920, Series of 1983, Entitled "Levying an Export Duty on Certain Products and an Export Duty In Addition to the Export Duties Provided for Under Presidential Decree No. 1464, as Amended, on Other Export Products"

EXECUTIVE ORDER NO. 920 November 14, 1983

AMENDING EXECUTIVE ORDER NO. 920, SERIES OF 1983, ENTITLED "LEVYING AN EXPORT DUTY ON CERTAIN PRODUCTS AND AN EXPORT DUTY IN ADDITION TO THE EXPORT DUTIES PROVIDED FOR UNDER PRESIDENTIAL DECREE NO. 1464, AS AMENDED, ON OTHER EXPORT PRODUCTS"

WHEREAS, Executive Order No. 920, Series of 1983, was promulgated as a stabilization measure to redistribute gains in the export sector generated by the adjustments in the exchange rate of the peso;

WHEREAS, certain export commodities covered by the aforesaid Executive Order, particularly coconut products, should be covered by a different rate of export duty, because of the special procurement and marketing arrangements relative thereto to safeguard international competitiveness, procurement and marketing commitments and to protect and sustain the industry, considering its critical role in the economy and the vast number of people dependent thereon;

NOW, THEREFORE, I, FERDINAND E. MARCOS, President of the Philippines, pursuant to the powers vested in me by the Constitution and the authority vested in me by Section 514 of Presidential...

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Summary of Executive Order No. 920

Amending Export Duties on Coconut Products
- Consolidates the basic export duty rates and additional export duty rates on coconut products into a single basic export duty rate from the date of effectivity until June 30, 1984. (Section 1)
    - Copra: 3%
    - Coconut Oil: 2%
    - Copra meal/cake: 2%
    - Desiccated coconut: 2%

- For the period July 1, 1984 to December 31, 1985, levies an additional export duty on coconut products in addition to the basic rate under Presidential Decree No. 1464. (Section 2)
    - Copra: 7-1/2%
    - Coconut Oil: 4% (July 1, 1984 to June 30, 1985), 5% (July 1, 1985 to December 31, 1985)
    - Copra meal/cake: 4%

- Repeals, amends, or modifies provisions of Executive Order No. 920, Series of 1983, that are inconsistent with this Executive Order. (Section 3)

- Takes effect immediately. (Section 4)