Amending the Definition of "Cottage Industry"
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Amending the Definition of "Cottage Industry"
Executive Order No. 917
October 15, 1983
Case Overview and Summary
Summary of Executive Order No. 917Definition of Cottage Industry
- A cottage industry is defined as a modest economic activity for profit using primarily indigenous raw materials in the production of various articles that generally involve craftsmanship, artistic skills and the tradition of the country. (Section 1)
- It must be owned and operated by Filipino citizens, or by corporations, partnerships, or cooperatives with at least 75% of the capital investment owned by Filipino citizens. (Section 1)
- The total assets of a cottage industry shall not exceed Two Hundred Fifty Thousand Pesos (P250,000.00) at the time of registration with the NACIDA. (Section 1)
- The maximum total assets allowable for cottage industries for purposes of registration may be modified and/or increased accordingly, subject to the approval of the President of the Republic of the Philippines. (Section 1)
Registration with NACIDA
- Cottage industries must register with the NACIDA (National Cottage Industry Development Authority). (Section 1)
Effective Date
- This Executive Order shall take effect immediately. (Section 2)
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Amending the Definition of "Cottage Industry"
Executive Order No. 917
•October 15, 1983
EXECUTIVE ORDER NO. 917 October 15, 1983
AMENDING THE DEFINITION OF "COTTAGE INDUSTRY"
WHEREAS, the NEDA Executive Board during its session on April 23, 1982, through its Board Resolution No. 14 redefined cottage industry to have total enterprises assets not exceeding Two Hundred Fifty Thousand Pesos (P250,000);
WHEREAS, Section 10 of P.D. 1788 provides that the maximum total enterprise assets of P100,000.00 allowable for cottage industries for purposes of registration with NACIDA may be modified and/or increased accordingly by the NACIDA Board subject to the final approval of the President of the Republic of the Philippines;
WHEREAS, this new definition is necessary in order to further promote and develop the cottage industries and to make it attuned to inflation and the changing structure in the industry;
NOW, THEREFORE, I, FERDINAND E. MARCOS, President of the Philippines, by virtue of the powers vested in me by the Constitution, and the authority vested in me by Presidential Decree No. 1416, do hereby order the following:
Sec. 1. The definition of cottage industry is hereby amended as follows:...
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Amends
n/a
Amended by
n/a
Tags
Executive Issuances
Executive Orders
cottage industry
definition
assets
registration
NACIDA
Filipino citizens
capital investment
indigenous raw materials
craftsmanship
artistic skills
tradition
EXECUTIVE ORDER NO. 917 October 15, 1983
AMENDING THE DEFINITION OF "COTTAGE INDUSTRY"
WHEREAS, the NEDA Executive Board during its session on April 23, 1982, through its Board Resolution No. 14 redefined cottage industry to have total enterprises assets not exceeding Two Hundred Fifty Thousand Pesos (P250,000);
WHEREAS, Section 10 of P.D. 1788 provides that the maximum total enterprise assets of P100,000.00 allowable for cottage industries for purposes of registration with NACIDA may be modified and/or increased accordingly by the NACIDA Board subject to the final approval of the President of the Republic of the Philippines;
WHEREAS, this new definition is necessary in order to further promote and develop the cottage industries and to make it attuned to inflation and the changing structure in the industry;
NOW, THEREFORE, I, FERDINAND E. MARCOS, President of the Philippines, by virtue of the powers vested in me by the Constitution, and the authority vested in me by Presidential Decree No. 1416, do hereby order the following:
Sec. 1. The definition of cottage industry is hereby amended as follows:...
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