AMENDING THE EFFECTIVITY DATE OF SECTION 5 OF PRESIDENTIAL DECREE NO. 69, PARTICULARLY SECTION 137 OF THE NATIONAL INTERNAL REVENUE CODE AFFECTING SPECIFIC TAX ON CIGARS AND CIG…

HEREAS, Presidential Decree No. 69, amending certain
sections of the National Internal Revenue Code was promulgated on November 24,
1972;

WHEREAS, the amendment imposing new rates on specific tax on
cigarettes effective January 1, 1973, carries with it certain provisions
requiring the printing of the approved maximum retail price on every package of
cigarettes;

WHEREAS, said new requirement will pose undue hardships and
difficulty on the cigarette manufacturers in order to be able to comply
therewith and at the same time, the Bureau of Internal Revenue would encounter
similar difficulties in having the new strip stamps printed abroad and even
locally by the Bureau of Printing, now saddled with the printing jobs in
connection with the coming plebiscite;

NOW, THEREFORE, I, FERDINAND E. MARCOS, President of the
Philippines, by virtue of the powers in me vested by the Constitution as
Commander-in-Chief of all the Armed Forces of the Philippines and pursuant to
Proclamation No. 1081, dated September 21, 1972, and General Order No. 1, dated
September 22, 1972, do hereby reset the effectivity of Section 137 of the
National Internal Revenue Code as amended by Presidential Decree No. 69, from
January 1, 1973 to March I 1973.

Done in the City of Manila, this 3rd day of January, in the year of Our Lord,
nineteen hundred and seventy-three.

			(Sgd.) FERDINAND E. MARCOS President Republic of the Philippines
	By the President:
	(Sgd.)RONALDO B. ZAMORA
		Assistant Executive Secretary