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PRESIDENTIAL DECREE NO. 786
PRESIDENTIAL DECREE NO. 786
- FURTHER AMENDING PRESIDENTIAL DECREE NO. 659, ENTITLED, "PENALIZING
THE ILLEGAL TRADING AND THE ILLEGAL EXPORTATION OF PHILIPPINE SUGAR",
BY ADDING A NEW PARAGRAPH TO Section 5 THEREOF
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WHEREAS,
under Section 3513 of the Tariff and Customs Code, a cash reward of
twenty percentum of the fair market of the smuggled and confiscated
goods is given to the officers and men and informers who are
instrumental in the discovery and seizure of such goods in accordance
with the rules and regulations to be issued by the Secretary of
Finance; chanroblesvirtualawlibrary
WHEREAS, the smuggling-out or illegal exportation of Philippine sugar
is just as injurious and detrimental to the national economy and to the
public interest as the smuggling-in of untaxed goods;chanroblesvirtualawlibrary
WHEREAS, it is necessary and advisable to provide material incentives
and encouragement to the public and law enforcement personnel to extend
full cooperation and do their most to stamp-out the smuggling or
illegal exportation of Philippine sugar, and also to provide a ready
source of funds for the Government's anti- smuggling operations.
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. Presidential Decree No. 659, dated
February 25, 1975, is hereby further amended by adding a new paragraph
to Section 5 thereof, which small read as follows:cralaw:red
"A cash reward equivalent to not more than twenty per centum of the
appraised value of the sugar traded or loaded in violation of this
Decree and confiscated in favor of the Government shall be given to the
officers and men and informers who are instrumental in the discovery
and seizure of such sugar in accordance with rules and regulations to
be issued by the Secretary of National Defense. The Secretary of
National Defense is hereby also authorized to allot and expend the
equivalent of up to fifty per centum of the appraised value of such
sugar for operational expenses in connection with the implementation
and enforcement of this Decree, and the balance thereof shall accrue to
the general fund of the National Government." chanroblesvirtualawlibrary
Section 2. All laws, executive orders, instructions,
rules and regulations inconsistent with these provisions are hereby
repealed or amended accordingly.
Section 3. This Decree shall take effect immediately.
Done in the City of Manila,
this 29th day of August, in the year of Our Lord, nineteen hundred and
seventy-five.
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