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PRESIDENTIAL DECREE NO. 1300
PRESIDENTIAL DECREE NO. 1300
- APPROPRIATIONS FOR THE REFUND OF CUSTOMS DUTIES PAID ON IMPORTS OF
HOT-ROLLED COILS FOR REROLLING AND ON IMPORTS OF TIN INGOTS FOR
TINPLATE PROCESSING
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chanroblesvirtualawlibrary
WHEREAS,
tinplate manufacturing operations, particularly for milk cans, have
been found to have become grossly unprofitable because of existing
price ceilings thereon which have been imposed for the benefit of the
general public; chanroblesvirtualawlibrary
WHEREAS, socio-economic considerations make it inadvisable at present
to adjust to a sufficient extent to enable tinplate manufacturing
operations to be conducted on a profitable basis without additional
government assistance;chanroblesvirtualawlibrary
WHEREAS, refunds of tariff duties on imports of hotrolled coils for
rerolling, and of tin ingots directly used in tinplate processing, are
feasible and adequate means for extending such required government
assistance to tinplate manufacturing operations;chanroblesvirtualawlibrary
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 a supplemental appropriation to Presidential Decree
No. 1250, the Appropriation Act for Year 1978, as follows:cralaw:red
1) "Supplemental appropriation for reimbursement of
duties paid on importations of hot-rolled coils for rerolling under
heading 73.08, Schedule XV, Chapter 73 of the Tariff and Customs Code,
as amended, by the government-owned National Steel Corporation and
Pasig Steel Corporation.P65,000,000: Provided, that this
appropriation will be released to the Iron and Steel Authority who
shall authorize payments therefrom under guidelines which it, upon
consultation with the Department of Finance, may deem appropriate for
this purpose: Provided, further, That the total duty refunds granted to
the only authorized importers thereof having cold rolling mill
operating facilities, National Steel Corporations and Pasig Steel
Corporation, shall not exceed the total amount of special rebates which
they as one, have given on their sales of locally produced blackplates
to tinplate manufacturing operations: Provided, finally, That any or
all outstanding overdue obligations which National Steel Corporation or
Pasig Steel Corporation may owe the National Government and/or its
agencies or instrumentalities including Government-owned or controlled
corporations, shall have a prior lien on the duty refunds which are
payable under this Decree. chanroblesvirtualawlibrary
2) "Supplemental appropriation for reimbursement of
duties paid on importations of tin ingots directly for use in tinplate
processing under heading 80.01, Schedule XV, Chapter 80 of the Tariff
& Customs Code as amended by tinplate manufacturing operations.
P10,000,000: Provided, that this appropriation will be released to the
Iron and Steel Authority who shall authorize payment therefrom under
guidelines which it, upon consultation with the Department of Finance,
may deem appropriate for this purpose: Provided, further, That the
total duty refunds shall not exceed P10,000,000 or the amounts of
actual importations of tin ingots: Provided, finally, That any or all
outstanding overdue obligations which such tinplate manufacturing
operation may owe the National Government and/or its agencies or
instrumentalities including Government-owned and controlled
corporations, shall have a prior lien on the duty refunds which are
payable under this Decree."
This Decree shall take effect immediately.
Done in the City of Manila,
this 11th day of February, in the year of Our Lord, nineteen hundred
and seventy-eight.
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