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PRESIDENTIAL DECREE NO. 1742



PRESIDENTIAL DECREE NO. 1742  - GRANTING CERTAIN TAX AND CUSTOMS  BENEFITS TO THE PROJECT: GINTONG ALAY

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WHEREAS, the Project: Gintong Alay which was  created pursuant to Letter of Instructions No.  955 has been given expanded objective per Letter  of Instructions No. 1022-A, tasking it for the  training of Philippine athletes for international  competitions;chanroblesvirtualawlibrary

WHEREAS, their project requires sufficient funds, materials and resources;chanroblesvirtualawlibrary

WHEREAS, almost all the equipment and materials required by the Project: Gintong Alay are obtainable  only by importation;  chanroblesvirtualawlibrary

WHEREAS, Government assistance on this direction is deemed necessary and imperative;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:cralaw:red

Section 1.    The Project: Gintong Alay may import sport equipment, materials and other supplies as may  be required for the attainment of its objectives from  its appropriations, contributions or other sources.

Such importations shall be fully exempted from  customs duties, levies, charges or taxes of any kind.

Section 2.    All laws, decrees, orders, rules and regulations inconsistent herewith are hereby repealed, amended or  modified accordingly. chanroblesvirtualawlibrary

Section 3.    This Decree shall take effect immediately.

Done in the City of Manila, this 11th day of November,  in the year of Our Lord, nineteen hundred and eighty.


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