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PRESIDENTIAL DECREE NO. 1390
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PRESIDENTIAL DECREE NO. 1390 -
AMENDING Section 14 OF PRESIDENTIAL DECREE NO. 1352
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WHEREAS,
the projects undertaken under the Armed Forces of the Philippines
Self-Reliant Defense Posture (SRDP) Program are vital to the security
of the Republic of the Philippines because of the nature of the
products and are pioneering industries in the in-country manufacture of
defense items which heretofore used to be purchased and acquired from
sources abroad; chanroblesvirtualawlibrary
WHEREAS, at the early stage of the life of the industries under the
Armed Forces of the Philippines Self-Reliant Defense Posture (SRDP)
Program, the Armed Forces of the Philippines is the sole market and the
customs duty and internal revenue tax that will be imposed subsequently
would only be passed on to the Armed Forces of the Philippines.
NOW, THEREFORE, I, FERDINAND E. MARCOS, President of the Philippines,
by virtue of the powers vested in me by the Constitution, do hereby
order that; chanroblesvirtualawlibrary
Section 1 of Presidential Decree No. 1352 dated April 21, 1978, is
hereby amended so as to include therein the following:cralaw:red
"14. Those which are exempt under Presidential Decree
No. 415"
This Decree shall take effect immediately.
Done in the City of Manila,
this 30th day of May, in the year of Our Lord, nineteen hundred and
seventy-eight.
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