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 CUS…
Presidential Decrees May 27, 1975
I, FERDINAND E. MARCOS, President of the Philippines, by
virtue of the powers vested in me by the Constitution, do hereby order
and decree:
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.
SEC. 2. All laws, acts, decrees, orders, and regulations
inconsistent herewith are deemed repealed and/or modified accordingly.
SEC. 3. This Decree shall take effect upon its approval.
Done in the City of Manila, this 27th day of May, in the year of
Our Lord, nineteen hundred and seventy-five.
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(Sgd.)
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FERDINAND E. MARCOS | |||||||
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President
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| Republic of the Philippines | ||||||||
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By the President: | |||||||
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(Sgd.)
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ALEJANDRO MELCHOR | |||||||
| Executive Secretary | ||||||||