Amending The Provisions Pertinent To The Grant Of Reward Under Republic Act No. 4712 And Republic Act No. 4713, Entitled, "An Act Amending Certain Sections Of The Tariff And Customs Code Of
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Amending The Provisions Pertinent To The Grant Of Reward Under Republic Act No. 4712 And Republic Act No. 4713, Entitled, "An Act Amending Certain Sections Of The Tariff And Customs Code Of
Presidential Decree No. 708
May 27, 1975
Case Overview and Summary
Summary of Presidential Decree No. 708Amending Reward Provisions for Discovery and Seizure of Smuggled Goods
- Limits the cash reward for persons instrumental in the discovery and seizure of smuggled goods to 5% of the fair market value of the goods.
• This amends Section 1 of Republic Act No. 4712 and Section 5 of Republic Act No. 4713. (Section 1)
- Repeals or modifies all laws, acts, decrees, orders, and regulations inconsistent with this Decree. (Section 2)
- Effective upon approval. (Section 3)
Amends
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Amended by
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Tags
Executive Issuances
Presidential Decrees
Presidential Decree
Smuggled Goods
Reward
Discovery
Seizure
Fair Market Value
Republic Act No. 4712
Republic Act No. 4713
Tariff and Customs Code
National Internal Revenue Code
Law
Amending The Provisions Pertinent To The Grant Of Reward Under Republic Act No. 4712 And Republic Act No. 4713, Entitled, "An Act Amending Certain Sections Of The Tariff And Customs Code Of
Presidential Decree No. 708
•May 27, 1975
MALACAÑANGM a n i l a
PRESIDENTIAL DECREE No. 708 May 27, 1975
AMENDING THE PROVISIONS PERTINENT TO THE GRANT OF REWARD UNDER REPUBLIC ACT NO. 4712 AND REPUBLIC ACT NO. 4713, ENTITLED, "AN ACT AMENDING CERTAIN SECTIONS OF THE TARIFF AND CUSTOMS CODE OF THE PHILIPPINES" AND "AN ACT AMENDING CERTAIN SECTIONS OF COMMONWEALTH ACT NUMBERED FOUR HUNDRED SIXTY-SIX AS AMENDED, OTHERWISE KNOWN AS THE NATIONAL INTERNAL REVENUE CODE", RESPECTIVELY
I, FERDINAND E. MARCOS, President of the Philippines, by virtue of the powers vested in me by the Constitution, do hereby order and decree:
Section 1. The provisions of Section 1 of R.A. No. 4712, and Section 5 of R.A. No. 4713, to the contrary notwithstanding, the amount to be paid to persons instrumental in the discovery and seizure of smuggled goods shall be limited to a cash reward equivalent to five (5%) per centum of the fair market value thereof.
Section 2. All laws, acts, decrees, orders, and regulations inconsistent herewith are deemed repealed and/or modified accordingly.
Section 3. This Decree shall take...
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Amends
n/a
Amended by
n/a
Tags
Executive Issuances
Presidential Decrees
Presidential Decree
Smuggled Goods
Reward
Discovery
Seizure
Fair Market Value
Republic Act No. 4712
Republic Act No. 4713
Tariff and Customs Code
National Internal Revenue Code
MALACAÑANGM a n i l a
PRESIDENTIAL DECREE No. 708 May 27, 1975
AMENDING THE PROVISIONS PERTINENT TO THE GRANT OF REWARD UNDER REPUBLIC ACT NO. 4712 AND REPUBLIC ACT NO. 4713, ENTITLED, "AN ACT AMENDING CERTAIN SECTIONS OF THE TARIFF AND CUSTOMS CODE OF THE PHILIPPINES" AND "AN ACT AMENDING CERTAIN SECTIONS OF COMMONWEALTH ACT NUMBERED FOUR HUNDRED SIXTY-SIX AS AMENDED, OTHERWISE KNOWN AS THE NATIONAL INTERNAL REVENUE CODE", RESPECTIVELY
I, FERDINAND E. MARCOS, President of the Philippines, by virtue of the powers vested in me by the Constitution, do hereby order and decree:
Section 1. The provisions of Section 1 of R.A. No. 4712, and Section 5 of R.A. No. 4713, to the contrary notwithstanding, the amount to be paid to persons instrumental in the discovery and seizure of smuggled goods shall be limited to a cash reward equivalent to five (5%) per centum of the fair market value thereof.
Section 2. All laws, acts, decrees, orders, and regulations inconsistent herewith are deemed repealed and/or modified accordingly.
Section 3. This Decree shall take...
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