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Executive Order No. 558 (1979)
WHEREAS, in view of the foreseen balance of trade deficit and the lead time to set-up the required wood processing facilities, it is prudent to maintain a limited volume of log exports, particularly at this time of favorable world market prices;
Sec. 1. Executive Order No. 434 which temporarily lifted the levying, assessing, and collecting of export tax and premium duty of wood products in accordance with the provisions of Section 514, Title III, Book I of Republic Act No. 1937, as amended, is hereby revised and modified such that the following product be now subject to the payment of export duty, as follows:
Logs, including poles 20% ad valorem
Sec. 2. This Order shall take effect immediately.
Done in the City of Manila, this 6th day of September, in the year of Our Lord, nineteen hundred and seventy-nine.