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 Decree No. 1464, as amended, do hereby direct and order that:

SECTION 1. The rates of basic export duty on coconut products prescribed in Section 514 of Presidential Decree No. 1464, as amended, which were restored under Section 3 of Executive Order No. 920, series of 1983, and the additional Export Duty on coconut products levied under Section 1 of Executive Order No. 920, Series of 1983, are hereby consolidated into a basic Export Duty in accordance with the following rates:
 

EXPORT PRODUCTS

EXPORT DUTY

Plant and Vegetable Products

x x x

(3) Coconut

(a) Copra

3%

(b) Coconut Oil

2%

(c) Copra meal/cake

2%

(d) Desiccated coconut

2%

These rates shall apply from the date of effectivity of this Executive Order until June 30, 1984.

SEC. 2. For the period July 1, 1984 to December 31, 1985, and in addition to the export duty therein referred to as the basic rate levied under Section 514, Title III, Book I of Presidential Decree No. 1464, as amended, there shall be levied, assessed and collected, and additional export duty on coconut products as follows:

EXPORT DUTY

EXPORT PRODUCTS

 ADDITIONAL EXPORT DUTY

Plant and Vegetable Products

x x x

(3) Coconut

(a) Copra

7- %

7- %

(b) Coconut Oil

4%

5%

(c) Copra meal/cake

4%

4%

(d) Desiccated coconut

4%

4%

SEC. 3. The provisions of Executive Order No. 920, Series of 1983, which are inconsistent herewith are hereby repealed, amended or modified accordingly.

SEC. 4. This Executive Order shall take effect immediately.

DONE in the City of Manila, this 14th day of November, in the year of Our Lord, nineteen hundred and eighty-three.


By the President:

(SGD.) JUAN C. TUVERA
Presidential Executive Assistant