Withdrawing The Tax-Free Importation Privilege Of The National Grains Authority Under Presidential Decree No. 726
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Withdrawing The Tax-Free Importation Privilege Of The National Grains Authority Under Presidential Decree No. 726
Presidential Decree No. 901
March 4, 1976
Case Overview and Summary
Summary of Presidential Decree No. 901Withdrawal of Tax-Free Importation Privilege of the National Grains Authority
- Amends Section 1 of Presidential Decree No. 726 regarding the authority of the National Grains Authority (NGA) to import wheat grains.
- The NGA's authority to import wheat grains without customs duties, taxes, and other charges is withdrawn. (Section 1)
- The NGA shall have the authority to:
- Determine and import exclusively the annual wheat grain requirements of the country from any source abroad. (Section 1)
- Include wheat grain in its total grains policy in coordination with the rice and corn policies. (Section 1)
- Negotiate for and on behalf of the Republic of the Philippines the importation of wheat grains on a government-to-government basis. (Section 1)
- The importation of wheat grains shall be subject to customs duties, taxes, and other charges. (Section 1)
- Any provision of law, decree, order, or regulation inconsistent or contrary to this decree is repealed or modified accordingly. (Section 2)
- This decree shall take effect upon its approval. (Section 3)
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Executive Issuances
Presidential Decrees
National Grains Authority
wheat grain importation
customs duties
taxes
charges
government-to-government basis
grains policy
rice policy
corn policy
Presidential Decree No. 726
tax exemption
subsidy
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Withdrawing The Tax-Free Importation Privilege Of The National Grains Authority Under Presidential Decree No. 726
Presidential Decree No. 901
•March 4, 1976
MALACAÑANGM a n i l a
PRESIDENTIAL DECREE No. 901 March 4, 1976
WITHDRAWING THE TAX-FREE IMPORTATION PRIVILEGE OF THE NATIONAL GRAINS AUTHORITY UNDER PRESIDENTIAL DECREE NO. 726
WHEREAS, under Presidential Decree No. 726, the National Grains Authority is given the exclusive authority to import wheat grains without customs duties, taxes and other charges;
WHEREAS, that above tax exemption privilege is no longer needed because of the adequacy of supply of palay and its substitutes;
WHEREAS, the withdrawal of the said tax exemption, which in effect is a subsidy to foreign wheat producers, will generate additional funds to finance the varies undertakings of the government;
NOW, THEREFORE, I, FERDINAND E. MARCOS, President of the Philippines, by virtue of the powers vested in me by the Constitution, do hereby decree and order the following:
Section 1. Section 1 of Presidential Decree No. 726 is hereby amended to read as follows:
"Sec. 1. Any provision of law, order or regulation to the contrary notwithstanding, the National Grains Authority (NGA) shall have the authority to determine and import...
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Amends
n/a
Amended by
n/a
Tags
Executive Issuances
Presidential Decrees
National Grains Authority
wheat grain importation
customs duties
taxes
charges
government-to-government basis
grains policy
rice policy
corn policy
Presidential Decree No. 726
tax exemption
subsidy
MALACAÑANGM a n i l a
PRESIDENTIAL DECREE No. 901 March 4, 1976
WITHDRAWING THE TAX-FREE IMPORTATION PRIVILEGE OF THE NATIONAL GRAINS AUTHORITY UNDER PRESIDENTIAL DECREE NO. 726
WHEREAS, under Presidential Decree No. 726, the National Grains Authority is given the exclusive authority to import wheat grains without customs duties, taxes and other charges;
WHEREAS, that above tax exemption privilege is no longer needed because of the adequacy of supply of palay and its substitutes;
WHEREAS, the withdrawal of the said tax exemption, which in effect is a subsidy to foreign wheat producers, will generate additional funds to finance the varies undertakings of the government;
NOW, THEREFORE, I, FERDINAND E. MARCOS, President of the Philippines, by virtue of the powers vested in me by the Constitution, do hereby decree and order the following:
Section 1. Section 1 of Presidential Decree No. 726 is hereby amended to read as follows:
"Sec. 1. Any provision of law, order or regulation to the contrary notwithstanding, the National Grains Authority (NGA) shall have the authority to determine and import...
Login to see full content