Section 48. Section 151 of the NIRC, as amended,is hereby further amended to read as follows:
"Sec. 151. Mineral Products -
"(A) Rates of Tax. - There shall be levied, assessed and collected on minerals, mineral products and quarry resources, excise tax as follows:
"(1) On domestic or imported coal and coke, notwithstanding any incentives granted in any law or special law:
"Effective January 1, 2018, Fifty pesos (₱50.00) per metric ton;
"Effective January 1, 2019, One hundred pesos (₱100.00) per metric ton; and
"Effective January 1, 2020, One hundred fifty pesos {₱150.00) per metric ton.
"(2) On all nonmetallic minerals and quarry resources, a tax of four percent (4%) based on the actual market value of the gross output thereof at the time of removal, in the case of those locally extracted or produced; or the value used by the Bureau of Customs in determining tariff and customs duties, net of excise tax and value-added tax in the case of importation.
"x x x:
Section 86. Repealing Clause. - The following laws or provisions of laws are hereby repealed and the persons and/or transactions affected herein are made subject to the VAT provision of Title IV of the NIRC, as amended:
(a) Section 3 of Presidential Decree (P.D.). 1972, s. 1985, as amended, Sections 4 and 5 of Executive Order No. (E.O.) 1057, s. 1985, and Section 4 of E.O. 1064, s. 1985, insofar as the VAT tax exemption and tax credit is concerned;