PRESIDENTIAL DECREE NO. 1710, August 13, 1980
AMENDING PRESIDENTIAL DECREE NO. 791, ENTITLED “PROVIDING EXEMPTION FROM THE PAYMENT OF CUSTOMS AND TARIFF DUTIES, SPECIAL IMPORT TAX AND COMPENSATING TAX COVERING IMPORTATION O…
in the business of manufacturing, milling, processing or refining of sugar, from
the payment of special import tax, compensating tax and customs and tariff
duties in respect to the importation of plant machinery, spare parts and other
equipment effective until June 30, 1980; and
WHEREAS, there is need to extend the exemption period for
another five years.
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:
SECTION 1. Section 1 of Presidential Decree No. 791 is
hereby amended, to read as follows:
“SECTION 1. Any person, partnership, company or corporation
who or which now engaged or shall engage in the business of manufacturing,
milling, processing or refining of sugar, shall be exempted from the payment of
special import tax, compensating tax and customs and tariff duties in respect to
the importation of plant machinery, spare parts and other equipment effective
upon approval of this Decree until June 30, 1985.”
SEC. 2. This Decree shall take effect immediately.
Done in the City of Manila, this 13th day of August, in the year of Our Lord,
nineteen hundred and eighty.
(Sgd.) FERDINAND E. MARCOS
President of the
Philippines
By the President: (Sgd.) JACOBO C. CLAVE Presidential Executive
Assistant