GIVING OWNERS OF MISDECLARED IMPORTS UNTIL DECEMBER 15, 1972 TO PAY CORRECT DUTIES AND PROVIDING PENALTIES FOR NON-COMPLIANCE

WHEREAS, martial law has been declared throughout
the Philippines pursuant to Proclamation No. 1081, dated September 21,
1972;

WHEREAS, among the bases of said Proclamation is the
economic anarchy perpetrated by some elements, especially in the form
of importation into the Philippines of goods, merchandise, commodities,
wares, articles and other items on which taxes and duties/ charges are
due but which taxes and duties/charges are not paid, to the detriment of
the economic life of the Nation;

WHEREAS, in order to insure that all concerned will
pay the correct amount of taxes and/or duties/charges on the goods,
merchandise, wares, articles and other items they import into the
Philippines for personal use, or for sale, wholesale or retail, it is
necessary that such importers, possessors and/or dealers of imported
goods, merchandise, wares, articles and other items be dealt with
expeditiously according to the existing laws, rules and regulations;

WHEREAS, the implementation of this Decree will be
more effective if the violators hereof can be immediately immobilized to
prevent them from further engaging in the same unlawful and nefarious
activities;

NOW, THEREFORE, I, FERDINAND E. MARCOS, in my
capacity 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 order
and decree:

1. That any importer, dealer, holder, possessor or owner of items,
   commodities, goods, articles or merchandise, the taxes, duties and other
   charges on which have not been paid or not correctly paid because of
   misdeclaration, misclassification, undervaluation and/or other
   fraudulent means shall be relieved of any penalty, surcharge or
   increment thereon and of any criminal liability under the National
   Internal Revenue Code, Customs and Tariff Code or any other laws
   applicable thereto if the correct and full taxes, duties and charges
   thereon are paid on or before December 15, 1972;
2. That any person, natural or juridical such as dealers of
   Post Exchange (PX) goods from United States Armed Forces Bases in the
   Philippines, commuters goods, misdeclared or misclassified, undervalued
   and/or acquired through any other fraudulent means, imported articles
   and similar items who avails of the immunity herein granted shall submit
   under oath a true inventory or list of such commodities, goods, wares,
   merchandise, articles, or other items indicating the description, vital
   markings and/or brands and values, thereof to the nearest Bureau of
   Internal Revenue Office which shall process and prepare the necessary
   assessment and collect the corresponding taxes, duties and charges
   thereon;
3. That any person, natural or juridical who fails to settle
   his/its accounts with the Government and/or caught in possession of
   untaxed or improperly taxed articles, goods, wares, merchandise or items
   after December 15, 1972, shall be immediately arrested and detained
   until ordered released by me or by my duly authorized representative and
   the goods, articles, merchandise, and other items in question shall be
   confiscated and the licenses of the offender to operate shall be
   cancelled.

All laws, rules and regulations which are inconsistent herewith are
amended or modified accordingly.

The Secretary of Finance shall issue the necessary rules and
regulations to implement this Decree.

This Decree shall take effect immediately.

Done in the City of Manila, this 16th day of November, in the year of
Our Lord, nineteen hundred and seventy-two.

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