Amending Section 1 of P.D. No. 897 Re: Prices of Locally Grown Virginia Leaf Tobacco
Presidential Decree No. 920, issued on April 5, 1976, amends Section 1 of Presidential Decree No. 897 to establish new minimum prices for locally grown Virginia leaf tobacco, responding to the increased production costs. The decree sets specific minimum prices for various grades of tobacco, with Grade A priced at P8.00 per kilogram, and descending to Grade E at P6.00 per kilogram. The Philippine Virginia Tobacco Administration is tasked with determining the descriptions for each grade. This decree takes effect immediately upon issuance.
Law Information
- Reference Number
- Presidential Decree No. 920
- Date Enacted
- Category
- Presidential Issuances
- Subcategory
- Presidential Decrees
- Jurisdiction
- Philippines
- Enacting Body
- Congress of the Philippines
Full Law Text
April 5, 1976
PRESIDENTIAL DECREE NO. 920
AMENDING SECTION 1 OF PRESIDENTIAL DECREE NO. 897 FIXING MINIMUM PRICES OF LOCALLY GROWN VIRGINIA LEAF TOBACCO, TO PROVIDE FOR NEW MINIMUM PRICES THEREOF
WHEREAS, after further studies, it has been established that the existing minimum prices of locally produced Virginia leaf tobacco as set forth in Presidential Decree No. 897 are by present standards still inadequate, considering the high cost of production; casia
NOW, THEREFORE, I, FERDINAND E. MARCOS, President of the Philippines by virtue of the powers vested in me by the Constitution, do hereby decree and order as follows:
Section 1 of Presidential Decree No. 897 is hereby amended to read as follows:
"Sec. 1. Beginning with the tobacco trading year 1976, no person, corporation, partnership or association shall buy locally grown Virginia leaf tobacco at prices lower than the following: cd i
| GRADE A | — | P8.00 per kilogram |
| GRADE B | — | 7.50 per kilogram |
| GRADE C | — | 7.00 per kilogram |
| GRADE D | — | 6.50 per kilogram |
| GRADE E | — | 6.00 per kilogram |
The description of each grade shall be determined by the Philippine Virginia Tobacco Administration.
SECTION 2. This Decree shall take effect immediately.
DONE in the City of Manila, this 5th day of April, in the year of Our Lord, Nineteen Hundred and Seventy-Six.
Cite This Law
Amending Section 1 of P.D. No. 897 Re: Prices of Locally Grown Virginia Leaf Tobacco, Presidential Decree No. 920, Apr 5, 1976 (Philippines)
Amending Section 1 of P.D. No. 897 Re: Prices of Locally Grown Virginia Leaf Tobacco, Presidential Decree No. 920 (Phil. 1976)
Related Laws
- Fixing New Minimum Prices of Locally Grown Virginia Leaf TobaccoPresidential Decree No. 897 • Feb 26, 1976 • Presidential Issuances
- Amending Tobacco Laws Concerning the Virginia Tobacco IndustryPresidential Decree No. 62 • Nov 20, 1972 • Presidential Issuances
- Decree Governing and Regulating Trading in Locally Grown Virginia Leaf TobaccoPresidential Decree No. 1481 • Jun 11, 1978 • Presidential Issuances
- Authority of Philippine Tobacco Board to Fix Floor Prices of Philippine Grown TobaccoPresidential Decree No. 627 • Dec 28, 1974 • Presidential Issuances
- Accelerating the Development of the Tobacco IndustryLetter of Instructions No. 166 • Feb 25, 1974 • Presidential Issuances
- Development and Adoption of New Methods for Curing Virginia Leaf TobaccoPresidential Decree No. 1142 • May 27, 1977 • Presidential Issuances
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