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PRESIDENTIAL DECREE NO. 416
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PRESIDENTIAL DECREE NO. 416 -
FURTHER AMENDING PRESIDENTIAL DECREE NO. 333, DATED NOVEMBER 26, 1973,
AS AMENDED BY PRESIDENTIAL DECREE NOS. 343 AND 368
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As an
emergency measure against the current international oil crisis,
I, FERDINAND E. MARCOS, President of the Philippines by virtue of
the powers in me vested by the Constitution as Commander-in-Chief of
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, as amended, do hereby order, decree and
amend Presidential Decree No. 333, as amended by Presidential
Decree No. 343 and Presidential Decree No. 368, as follows: chanroblesvirtualawlibrary
Section 1. Section 1 is hereby amended as follows:cralaw:red
"Sec. 1. Any provision of existing law,
executive or administrative order, or rule or regulation to the
contrary notwithstanding, the importation, free from customs duties, or
kerosene, diesels, liquified petroleum gas, fuel oil,
aviation-turbo fuel, aviation gas, and other processed products
as may be determined by the President upon certification of the
Philippine National Oil Industry Commission shall be allowed
until 30 June 1974 unless sooner terminated by the President."
Section 2. This decree shall take effect immediately.
Done in the City of Manila,
this 19th day of March, in the year of Our Lord, nineteen hundred and
seventy-four.
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