EXECUTIVE ORDER NO. 425 - IMPOSING PREMIUM DUTY ON CERTAIN EXPORT PRODUCTS IN ADDITION TO EXPORT TARIFFS PROVIDED FOR UNDER REPUBLIC ACT NO. 1937, OTHERWISE KNOWN AS THE “TARIFF AND CUSTOMS CODE”, AS AMENDED BY PRESIDENTIAL DECREE NO. 230

Pursuant to the powers vested in me by Sec. 515 of Republic Act No. 1937, as amended by Presidential Decree No. 230, I, FERDINAND E. MARCOS, President of the Philippines, do hereby direct and order that:  

Section 1. In addition to the export duties, herein referred to as basic rate, levied under Sec. 514, Title III, Book I of R.A. No. 1937, as amended by P.D. No. 230, there shall be levied assessed and collected a premium duty on the difference between the current price as established by the Bureau of Customs and the base price of the products as established in Section II hereof in accordance with the following schedule:  

  Export Products Premium Duty

WOOD PRODUCTS

(1) Logs, including poles 30%
(2) Lumber   20%
(3) Veneer, face and core 20%
(4) Plywood   20%

MINERAL PRODUCTS  

(1) Metallic ores and concentrates

(a) Copper   30%
(b) Iron    20%
(c) Chromite 20%

(a) Clinker, cement 20%
(b) Portland cement 20%

PLANT AND VEGETABLE PRODUCTS  

(1) Coconut

(a) Copra    30%
(b) Desiccated coconut 20%
(c) Copra meal or cake 20%
(d) Coconut oil 20%

(a) Centrifugal sugar    20%
(b) Molasses     20%