ChanRobles Virtual law Library
PHILIPPINE LAWS, STATUTES & CODES
A collection of Philippine laws, statutes and codes not included or cited in the main indices of the Chan Robles Virtual Law Library.
Home > Chan Robles Virtual Law Library > Philippine Laws, Statutes & Codes > :
Search for
www.chanrobles.com
:
EXECUTIVE ORDERS
PLEASE CLICK HERE FOR THE LATEST ➔ PHILIPPINE LAWS, STATUTES & CODES
EXECUTIVE ORDER NO. 827 - EXEMPTING
COCONUT OIL FROM THE COCONUT LEVY AND SPECIFIC TAX AS WELL AS FROM
THE SPECIAL FUND IMPOST TO DIESEL
WHEREAS,
it is necessary at this time of imbalance between our supply and demand
for middle distillate fuels to develop indigenous motor fuel
substitutes;
WHEREAS, it has been found and successfully demonstrated that the use
of coconut oil as diesel fuel extender is technically and economically
feasible;
WHEREAS, the use of this indigenous and renewable source as diesel fuel
blending stock will not only alleviate the fuel imbalance but also help
absorb the country’s coconut oil surplus and thus buoy up the coconut
industry and consequently protect the livelihood of our coconut farmers;
WHEREAS, the Cabinet Executive Committee has already approved for
implementation a coco-diesel program which will use a blend of a
maximum 5% coconut oil and 95% diesel fuel nationwide distribution and
sale for automotive purposes;
WHEREAS, for the program to succeed, it is necessary to secure a
continuous and stable source of supply of coconut oil;
WHEREAS, to make economically viable the use of coconut oil as a diesel
fuel extender at the present price of diesel and coconut oil, it is
necessary that coconut oil be exempt from the coconut oil levy and
sales tax, as well as the specific tax and special fund impost
applicable to diesel fuel.
NOW, THEREFORE, by virtue of the powers vested in me under Sec. 290-A of the National Internal Revenue Code and other laws, I,
FERDINAND E. MARCOS, President of the Republic of the Philippines, do
hereby direct and order:
Section 1.
Sec. 2.
Sec. 3.
Sec. 4.
Done in the City of Manila,
this 1st day of September, in year of Our Lord, nineteen hundred and
eighty-two.
chanrobles virtual law library
Back to Main
chan
robles virtual law library
Since 19.07.98.