ALLOWING THE USE OF “D” OR WORLD MARKET SUGAR BY MANUFACTURERS OF SUGAR-BASED PRODUCTS INTENDED FOR EXPORT TO FOREIGN COUNTRIES UNDER CERTAIN CONDITIONS
under the provisions of Central Bank Circular No. 850, dated February
15, 1982 and/or under Sections 2001 to 2004 of the Tariff and Customs
Code, for processing or as component of food products that are exported;
WHEREAS, the importation of such sugar by manufacturers of
sugar-based products intended for export, if allowed to continue, could
adversely affect the recovery of the local sugar industry;
WHEREAS, one way to discourage manufacturers of sugar-based products
intended for export from further importing their usual sugar
requirements from foreign sources, at prices lower than that of local or
domestic sugar, is to allow said manufacturers to purchase “D” or World
Market sugar from local sugar producers at prevailing world price for
processing or as component in the manufacture of sugar-based products;
provided such sugar-based products are not sold locally but are exported
to foreign markets;
NOW, THEREFORE, pursuant to the powers vested in the Sugar Regulatory Administration, it is hereby ordered that:
SECTION 1. That in order to implement the aforecited
policy of the Sugar Board, “D” or World Market sugar to be produced
during crop year 1989-1990 is hereby made available to processors and/or
manufacturers of sugar-based products for export.SECTION 2. Guidelines for the proper and fair
implementation of this Sugar Order will be issued by the Sugar
Regulatory Administration.SECTION 3. Provisions of Sugar Orders, Circular
Letters and other regulations which are inconsistent with or contrary to
this Order are hereby amended, modified or revoked accordingly.
Adopted: 15 Dec. 1989
(SGD.) ARSENIO B. YULO, JR.
Chairman/Administrator
Effective: 15 December 1990