Question & AnswerQ&A (SRA SUGAR ORDER NO. 12)
The SRA is mandated to maintain a balanced relation between the production (supply) and requirement (demand) of sugar.
It allows the voluntary advance swapping of aAa or U.S. quota sugar produced during Crop Year 2009-2010 into aBa or domestic sugar.
The fee imposed is an Advance Swapping Fee of P5.00 per Lkg-Bag.
A bond of Eight Hundred Pesos (P800.00) per Lkg-Bag, either in cash or Manager's Check, payable to the Sugar Regulatory Administration (SRA), must be posted.
The bond will be forfeited in favor of the SRA if the applicant fails to replenish the total volume of aAa sugar approved for advance swapping with the corresponding aBa sugar by March 3, 2011 of Crop Year 2010-2011.
The bond shall be returned upon replenishment of the total volume of aAa sugar with the corresponding aBa sugar.
The application should be filed at the Regulation Department, Sugar Regulatory Administration (SRA), Quezon City.
The deadline is not later than August 31, 2010, of the current Crop Year 2009-2010. Applications submitted after this date shall not be accepted.
The requirements of the regular swapping application per Circular Letter No. 31, series of 1997-1998, shall apply to the advance swapping.
The aAa quedan-permits shall be stamped with "SURCHARGED FOR WITHDRAWAL AS aBa OR DOMESTIC SUGAR PER SUGAR ORDER NO. 12, SERIES OF 2009-2010, DATED 18 JUNE 2010."
It took effect immediately upon issuance on June 18, 2010.
Provisions of prior Sugar Orders, Circular Letters, Rules, and regulations that are contrary to or inconsistent with this Sugar Order are revised, modified, or revoked accordingly.