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LETTER OF INSTRUCTIONS
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LETTER OF INSTRUCTIONS NO. 1281 |
Bureau of Customs
You are hereby directed to reassess and accordingly collect the export taxes and premium duties due from the National Sugar Trading Corporation (NASUTRA) on its exportations of sugar from 1978 in accordance with the schedule provided under Sec. 514 of the Tariff and Custom's Code, as amended, using the following bases:
1.
In the case of the export duty, the same shall be computed on the gross
FOB value upon shipment based on the prevailing rate of exchange at the
time of exportation.
2. In the
computation of the premium duty, the base prices for the periods
covered shall be as follows:
1978
$303.04/MT
1979 $312.22/MT
1980 $377.52/MT
1981 $380.47/MT
1982 $358.72.MT
This Letter of Instructions shall take effect immediately.
Done in the City of Manila, this 22nd day of December, in the year of Our Lord, nineteen hundred and eight-two.
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