FURTHER AMENDING PRESIDENTIAL DECREE NO. 230, AS AMENDED.

WHEREAS, it is the policy of the State to extend rational
encouragement to the domestic processing of local raw materials, such as
copra;

WHEREAS, the tariff structures of certain importing
countries result in a net effective burden on processed items as in the case of
coconut oil;

WHEREAS, it is also necessary to channel, without unduly
disrupting international commitments, some of the exported copra towards
domestic processing to increase domestic capacity utilization and to bolster
gains to the economy in terms of foreign exchange, value added, employment and
revenues;

NOW, THEREFORE, I, FERDINAND E. MARCOS, President of the
Philippines, by virtue of the powers vested in me by the Constitution and
pursuant to Section 515 of the Tariff and Customs Code, do hereby further amend
Presidential Decree No. 230, as amended, by increasing the export duty on copra
from six per cent (6%) of the gross F. O. B. value to as follows:

1. 7 1/2%, effective January 1, 1979 to December 31, 1980;
2. 9%, effective January 1, 1981 to December 31, 1982; and
3. 10%, effective January 1, 1983.

Notwithstanding the provisions of this Decree, nothing herein shall affect
the authority of the President to modify or change by executive order the rates
of duty on coconut products, as provided for in Section 515 of the Tariff and
Customs Code.

This Decree shall take effect immediately.

Done in the City of Manila, this 11th day of June, in the year of Our Lord,
nineteen hundred and seventy-eight.

			(Sgd.) FERDINAND E. MARCOS President of the Philippines
	By the President:
	(Sgd.) JACOBO C. CLAVE
		Presidential Executive Assistant