LIENS ON SURRENDERED CERTIFICATES FOR QUOTA ELIGIBILITY (CQES) UNDER THE FY 2002 RAW SUGAR TARIFF RATE QUOTA
WHEREAS, the U.S.
Department of Agriculture has announced on 29 April 2002, that it will
accept bids (public tender) for Commodity Credit Corp. (CCC) raw cane
sugar in exchange for Certificates for Quota Eligibility (CQEs) from countries that had shipped sugar to the U.S. in each of the past three (3) “Fiscal Years (1999-2001), said CQEs shall be in lieu of the actual shipment of raw sugar under the FY 2002 Tariff Rate Quota (TRQ);
WHEREAS, participation in this program by the Philippines shall not subject our country to any reduction in the quantity of raw sugar allocated under the U.S. raw sugar TRQ;
WHEREAS, the Philippines
has a remaining volume of 61,952 Metric Tons Commercial Weight (MTCW) or
64,120.32 Metric Tons Raw Value (MTRV) of unshipped “A” or U.S. quota
raw sugar to fill up completely its quota for QY 2001-2002, said volume
shall be subject of surrendering of CQEs;
WHEREAS, the 61,952 MTCW
of unshipped raw sugar to the U.S. when re-classified as “B” or Domestic
sugar shall reduce the import requirements of the Philippines by as
much for the year 2002;
WHEREAS, the aforesaid sugar importation is always subject to imposition of liens, in which case, the aforecited reduction of 61,952 MTCW in our importation shall reduce the lien collections correspondingly;
WHEREAS, in the interest
of the sugar industry, there is a need to recover the said loss in liens
through the imposition of same on the “A” or U.S. quota raw sugar
subject of surrendering of CQEs.
WHEREAS, there is also, a need to rationalize the said imposition liens on surrendered CQEs by taking into account the liens of imported sugar viz-a-viz domestic sugar.
NOW, THEREFORE, under and
by virtue of the authority vested in the Sugar Regulatory
Administration (SRA), it is hereby ordered that:
SECTION 1. All applications with the SRA for the surrendering of CQEs
covering the unshipped (verified) “A” or U.S. Quota sugar for QY
2001-2002 shall be subject to payment of the following liens derived
from the difference between the liens collected from imported sugar
pursuant to Sugar Order No. 4, S. 2001-2002 and domestic sugar as
reflected in the raw sugar quedans, to wit:
|
|
Imported |
Domestic |
Difference |
|
1. SRA Processing Fee |
P11.00/LKg-Bag |
P1.18/LKg-Bag |
P9.82/LKg-Bag |
|
2. SIFI/SAF |
7.90/LKg-Bag |
7.90/LKg-Bag |
|
|
3. SMDF (SRA Trustee) |
8.00/LKg-Bag |
0.70/LKg-Bag |
7.30/LKg-Bag |
|
4. Philsurin (SRA Trustee) |
3.00/LKg-Bag |
2.00/LKg-Bag |
1.00/LKg-Bag |
|
|
—————— |
—————— |
—————— |
|
TOTAL |
P29.90/LKg-Bag |
P11.78/LKg-Bag |
P18.12/LKg-Bag |
The trader/exporter shall pay the
aforementioned liens of P18.12/Lkg-Bag for the account of the Sugar
Regulatory Administration although liens nos. 3 & 4 shall only be
held in trust by the SRA.
SECTION 2. Provisions
of Sugar Orders, Circular Letters, rules and regulations inconsistent
with or contrary to this Order are hereby revoked, amended or modified Accordingly.
SECTION 3. This Order shall take effect immediately.
Adopted: 21 May 2002
BY AUTHORITY OF THE SUGAR BOARD:
(SGD.) JAMES C. LEDESMA
Administrator