GTEB CIRCULAR NO. 003, February 17, 1993

[ GTEB CIRCULAR NO. 003, February 17, 1993 ]

LOCAL VALUE ADDED (1993)

The Board in its meeting of February 04, 1993 approved the following guiding rates for the purpose of Local Value Added (LVA) compliance in 1993;

EQ - 34% EA - 90%

For information and guidance, of all concerned.

Adopted: 17 Feb. 1993

(Sgd.) ATTY. AURORA MA. F. TIMBOL Executive Director