Beruflich Dokumente
Kultur Dokumente
RULING:
The SC ruled in favor of the REPUBLIC. To begin with, the Coconut Levy
was imposed in the exercise of the State’s inherent power of taxation.
Indeed, the Coconut Levy Funds partake the nature of TAXES. The
Funds were generated by virtue of statutory enactments by the
proper legislative authorities and for public purpose. The Funds were
collected to advance the government avowed policy of protecting the coconut
industry. The SC took judicial notice of the fact that the coconut
industry is one of the great economic pillars of our nation, and
coconuts and their by-products occupy a leading position among the countries’