Law Summary
Background and Purpose
- Concise Explanation: This Sugar Order is issued by the Sugar Regulatory Administration (SRA) to address the need for increased sugar stocks in the domestic market to fulfill consumption requirements.
- Key Definitions:
- "C" Sugar: A classification of sugar designated for reserve.
- "B" Sugar: Sugar classified for domestic consumption.
- Important Requirements:
- Release of "C" sugar as "B" sugar to enhance domestic supply.
Release of "C" Sugar as "B" Sugar
- Concise Explanation: The SRA orders the release of "C" sugar produced between March 21, 1993, and April 4, 1993, to be classified as "B" Domestic sugar.
- Key Definitions:
- Quedans: The documentation that accompanies sugar shipments, necessary for tracking and regulatory purposes.
- Important Procedures:
- Mill companies must submit the corresponding "C" quedans.
- Mill companies are required to surcharge the quedans as per the directive.
- Relevant Timeframes:
- The release is effective starting from October 8, 1993.
Storage Fees and Withdrawal Deadline
- Concise Explanation: Sugar not withdrawn within the specified period will incur storage fees.
- Important Requirements:
- A 45-day withdrawal period from October 8, 1993, is provided for the sugar to be collected.
- Penalties:
- If the sugar is not withdrawn within the 45 days, storage fees will apply.
Revocation of Inconsistent Regulations
- Concise Explanation: This Sugar Order revokes, amends, or modifies any prior sugar orders, circular letters, rules, or regulations that contradict its provisions.
- Key Definitions:
- Inconsistent Regulations: Any previous directives that do not align with the current order.
- Important Procedures:
- All conflicting regulations are rendered ineffective as of the adoption of this order.
Adoption
- Concise Explanation: This Sugar Order was formally adopted on October 1, 1993.
- Key Definitions:
- Administrator: Refers to Rodolfo A. Gamboa, who is responsible for the enforcement of this order.
Key Takeaways
- The SRA has authorized the release of "C" sugar as "B" sugar to boost domestic supply.
- Mill companies must act within 45 days to avoid incurring storage fees.
- This order supersedes any previous inconsistent regulations and is in effect from October 8, 1993.