EXECUTIVE ORDER NO. 970 July 17, 1984
PRESCRIBING THE MANNER OF ASSESSING AND COLLECTING THE DUTY ON THE EXPORT OF COCONUT PRODUCTS AS PRESCRIBED IN EXECUTIVE ORDER NO. 920-A, SERIES OF 1983
WHEREAS, Executive Order No. 920, Series of 1983 ("E.O. 920"), was promulgated as a stabilization measure to redistribute gains in the export sector generated by the adjustments in the exchange rate of the Peso, levying export duties on certain export products based on their gross FOB value at the time of shipment based on their prevailing rate of exchange and in accordance with the schedule set forth therein;
WHEREAS, in view of the special procurement and marketing arrangements of the coconut industry, Executive Order NO. 920-A Series of 1983 ("E.O. 920-A"), was promulgated, amending E.O. 920, and providing for a different rate of Export Duty for coconut products;
WHEREAS, the said special procurement and marketing arrangements of the coconut industry require, among others, that all contracts/commitments to export coconut products be submitted to the Ministry of Trade and Industry for...
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Executive Orders
Prescribing the Manner of Assessing and Collecting the Duty on the Export of Coconut Products as Prescribed in Executive Order No. 920-A, Series of 1983
Executive Order No. 970
Summary of Executive Order No. 970
Basis for Assessment and Collection of Export Duty on Coconut Products
- The consolidated basic export duty on coconut products prescribed under Section 1 of Executive Order No. 920-A, series of 1983, shall be assessed and collected on the gross FOB value of the coconut products for export as reflected in the Export Declaration/Permit required by existing laws, rules and regulations to be submitted by the exporter concerned at the time of exportation. (Section 1)
Repeal of Inconsistent Laws and Regulations
- The provisions of Executive Order No. 920, Series of 1983; Executive Order No. 920-A, Series of 1983; Customs Memorandum Order No. 27-84, issued on 13 June 1984; and other laws and rules and regulations which are inconsistent with Executive Order No. 970 are hereby repealed, amended or modified accordingly. (Section 2)
Effectivity
- This Executive Order shall take effect immediately. (Section 3)
Basis for Assessment and Collection of Export Duty on Coconut Products
- The consolidated basic export duty on coconut products prescribed under Section 1 of Executive Order No. 920-A, series of 1983, shall be assessed and collected on the gross FOB value of the coconut products for export as reflected in the Export Declaration/Permit required by existing laws, rules and regulations to be submitted by the exporter concerned at the time of exportation. (Section 1)
Repeal of Inconsistent Laws and Regulations
- The provisions of Executive Order No. 920, Series of 1983; Executive Order No. 920-A, Series of 1983; Customs Memorandum Order No. 27-84, issued on 13 June 1984; and other laws and rules and regulations which are inconsistent with Executive Order No. 970 are hereby repealed, amended or modified accordingly. (Section 2)
Effectivity
- This Executive Order shall take effect immediately. (Section 3)