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

MALACAÑANG
M 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...

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Summary of Presidential Decree No. 786

Amending Presidential Decree No. 659 on Illegal Trading and Exportation of Philippine Sugar

- Provides cash reward of up to 20% of appraised value of confiscated sugar to officers, personnel, and informers instrumental in discovery and seizure (Section 1)
- Authorizes Secretary of National Defense to:
    - Allot up to 50% of appraised value for operational expenses in enforcing the decree (Section 1)
    - Issue rules and regulations for cash reward distribution (Section 1)
- Remaining balance of appraised value to accrue to general fund of National Government (Section 1)
- Repeals or amends inconsistent laws, orders, instructions, rules, and regulations (Section 2)
- Effective immediately upon approval (Section 3)