Section 12
SEC. 12. Paragraphs (b), (c), (d), (f) and (g) of Section Three of Republic Act Numbered Sixty-one hundred and thirty-five are hereby amended to read as follows: “SEC. 3. Definition of Terms. — For purposes of this Act: “(a) “(b) ‘Registered Export Producers’ shall mean any person, corporation, partnership or other entity organized and existing under Philippine laws, (1) registered with the Board in accordance with this Act, (2) engaged or proposing to engage in the manufacture or processing of export products as hereinbelow defined, and (3) directly exporting its export products, or selling them (a) to a registered export trader that subsequently exports said products, or (b) to other export producers who utilize said products as direct inputs in subsequently manufactured or processed by them and thereafter exported, or (c) to foreign tourists and foreign travelers in areas covered by Tourism Priorities Plan and subject to the guidelines prepared by the Philippine Tourist Commission and the Board. “(c) ‘ Registered Export Trader’ shall mean any person, corporation, partnership or other entity organized and existing under Philippine laws. (1) Registered with the Board in accordance with this Act and (2) which derived at least twenty per cent (20%) of its gross income for the year in which the incentives are claimed, from the sale abroad of export products bought by it from one or more export producers or from domestic sale to foreign tourists and foreign travelers in areas covered by the Tourism Priorities Plan and subject to the guidelines prepared by the Philippine Tourist Commission and the Board." "(d) 'Registered Service Exporter' shall mean a person, corporation, partnership or other entity organized and existing under Philippine laws, (1) registered with the Board in accordance with this Act and (2) engaged or proposing to engage (a) rendering technical, professional or other services which are paid for in foreign currency including, but not limited to, the fields of law, medicine, accounting, management, valuation and appraisals, engineering, construction, geodetics, surveying, teaching, pharmacy, nursing, cultural presentations or promotions, works of arts, and entertainments; (b) in exporting television and motion pictures and musical recordings made or produced in the Philippines, either directly or through a registered export trader; or (c) in rendering services for foreign tourists and foreign travelers covered by the Tourism Priorities Plan and subject to the guidelines prepared by the Philippine Tourist Commission and the Board." "(f) ' Export Sales ' shall mean the Philippine port F.O.B. value, determined from invoices, bills of lading, inward letters of credit, landing certificates, and other commercial documents, of export products exported directly by a registered export producer or registered export trader, or the net selling price of export products sold by a registered export producer to another export producer, or registered export trader who subsequently exports the same, or the net selling price of export products in acceptable foreign currencies sold by a registered export producer or registered export trader to foreign tourists and foreign travelers under certain conditions to be prescribed by the Board, but sales of export products to another registered export producer or to a registered export trader shall only be deemed export sales when actually exported by the latter, as evidenced by landing certificates or similar commercial documents. Exportation of goods or consignment shall not be deemed export sales until the export products consigned are in fact sold by the consignee. "(g) ' Export Fees ' shall mean the total foreign exchange which is charged or received by a registered service exporter for furnishing or performing services, or permitting the showing or playing, outside of the Philippines, of television or motion pictures or musical recordings. It shall also include fees in acceptable foreign currencies received by service exporters catering to foreign tourists and foreign travelers under certain conditions to be prescribed by the Board."