Revoking Executive Order No. 894, Series of 1983, Which Set Aside for the Consumer Price Equalization Fund (CPEF) the Additional 3% Ad Valorem Duty Collected on Crude Oil and Finished Petroleum Product Imports
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Revoking Executive Order No. 894, Series of 1983, Which Set Aside for the Consumer Price Equalization Fund (CPEF) the Additional 3% Ad Valorem Duty Collected on Crude Oil and Finished Petroleum Product Imports
Executive Order No. 899
April 22, 1983
Case Overview and Summary
Revocation of Executive Order No. 894- Revokes Executive Order No. 894, Series of 1983, in its entirety. (Sec. 1)
- Executive Order No. 894 had set aside the additional 3% ad valorem duty collected on crude oil and finished petroleum product imports for the Consumer Price Equalization Fund (CPEF).
- The revocation is effective from April 22, 1983, which was the effective date of Executive Order No. 894. (Sec. 2)
Amends
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Executive Issuances
Executive Orders
Executive Order No. 894
Consumer Price Equalization Fund
CPEF
crude oil imports
petroleum product imports
ad valorem duty
revocation
effective date
Law
Revoking Executive Order No. 894, Series of 1983, Which Set Aside for the Consumer Price Equalization Fund (CPEF) the Additional 3% Ad Valorem Duty Collected on Crude Oil and Finished Petroleum Product Imports
Executive Order No. 899
•April 22, 1983
EXECUTIVE ORDER NO. 899 April 22, 1983
REVOKING EXECUTIVE ORDER NO. 894, SERIES OF 1983, WHICH SET ASIDE FOR THE CONSUMER PRICE EQUALIZATION FUND (CPEF) THE ADDITIONAL 3% AD VALOREM DUTY COLLECTED ON CRUDE OIL AND FINISHED PETROLEUM PRODUCT IMPORTS
WHEREAS, Executive Order No. 894, Series of 1983, set aside for the Consumer Price Equalization Fund (CPEF) the additional 3% ad valorem duty collected on crude oil and finished petroleum products imports, and
WHEREAS, the said Executive Order No. 894, Series of 1983, was premised on the Consumer Price Equalization Fund (CPEF) which fund has proved ineffective and should be dismantled.
NOW, THEREFORE, I, FERDINAND E. MARCOS, President of the Republic of the Philippines, by virtue of the powers vested in me by the Constitution, do hereby order and ordain:
Sec. 1. Executive Order No. 894, Series of 1983, is hereby revoked in toto.
Sec. 2. This Executive Order shall take effect April 22, 1983, the date Executive Order No. 894, Series of 1983, took effect.
Done in the City of Manila, this 23rd day...
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Amends
n/a
Amended by
n/a
Tags
Executive Issuances
Executive Orders
Executive Order No. 894
Consumer Price Equalization Fund
CPEF
crude oil imports
petroleum product imports
ad valorem duty
revocation
effective date
EXECUTIVE ORDER NO. 899 April 22, 1983
REVOKING EXECUTIVE ORDER NO. 894, SERIES OF 1983, WHICH SET ASIDE FOR THE CONSUMER PRICE EQUALIZATION FUND (CPEF) THE ADDITIONAL 3% AD VALOREM DUTY COLLECTED ON CRUDE OIL AND FINISHED PETROLEUM PRODUCT IMPORTS
WHEREAS, Executive Order No. 894, Series of 1983, set aside for the Consumer Price Equalization Fund (CPEF) the additional 3% ad valorem duty collected on crude oil and finished petroleum products imports, and
WHEREAS, the said Executive Order No. 894, Series of 1983, was premised on the Consumer Price Equalization Fund (CPEF) which fund has proved ineffective and should be dismantled.
NOW, THEREFORE, I, FERDINAND E. MARCOS, President of the Republic of the Philippines, by virtue of the powers vested in me by the Constitution, do hereby order and ordain:
Sec. 1. Executive Order No. 894, Series of 1983, is hereby revoked in toto.
Sec. 2. This Executive Order shall take effect April 22, 1983, the date Executive Order No. 894, Series of 1983, took effect.
Done in the City of Manila, this 23rd day...
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