Further Amending P.D. No. 659, Entitled, "Penalizing The Illegal Trading And The Illegal Exportation Of Philippine Sugar", By Adding A New Paragraph To Section 5 Thereof

MALACAÑANGM a n i l a PRESIDENTIAL DECREE No. 786 August 29, 1975 FURTHER AMENDING PRESIDENTIAL DECREE NO. 659, ENTITLED, "PENALIZING THE ILLEGAL TRADING AND THE ILLEGAL EXPORTATION OF PHILIPPINE SUGAR", BY ADDING A NEW PARAGRAPH TO SECTION 5 THEREOF WHEREAS, under Section 3513 of the Tariff and Customs Code, a cash reward of twenty percentum of the fair market of the smuggled and confiscated goods is given to the officers and men and informers who are instrumental in the discovery and seizure of such goods in accordance with the rules and regulations to be issued by the Secretary of Finance; WHEREAS, the smuggling-out or illegal exportation of Philippine sugar is just as injurious and detrimental to the national economy and to the public interest as the smuggling-in of untaxed goods; WHEREAS, it is necessary and advisable to provide material incentives and encouragement to the public and law enforcement personnel to extend full cooperation and do their most to stamp-out the smuggling or illegal exportation of Philippine sugar, and also to provide a ready source...