National Kidney And Transplant Institute

November 18, 2003 FIRB RESOLUTION NO. 004-03 SUBJECT : National Kidney And Transplant Institute WHEREAS, the National Kidney and Transplant Institute (NKTI) provides specialized renal care services to a number of patients, most of whom are charity cases; WHEREAS, the operations of the NKTI require the replacement of outdated equipment and continuing provisions of supplies and materials, most of which are not locally available or are not available in the quantity and/or quality required, thus prompting the NKTI to import said items and in the process incur tax and duty liabilities thereon; WHEREAS, there is also a need to ensure that all importations covered by this tax subsidy grant will be used exclusively by the NKTI in its operations and not for other purposes. NOW, THEREFORE, BE IT RESOLVED, AS IT IS HEREBY RESOLVED, to grant tax subsidy to the NKTI in the amount of P6,270,000.00 only , representing the taxes, and duties on its 2003 importations of hospital supplies, materials and equipment per Annex A hereof Provided, however , that (a) the initial issuance of the Certificate of Entitlement to Subsidy (CES) shall be limited to the amount of P3,793,632.00 only , representing the taxes and duties due on 11 shipments with billings of the Bureau of Customs (BOC) that arrived from November 19, 2002 to May 9, 2003; and (b) the subsequent CES shall be issued upon the submission by the NKTI to the FIRB of required billings and/or documents evidencing the importations: Provided, further , that all hospital supplies, materials and equipment for which tax subsidy is granted shall form part of the regular inventory of the NKTI as certified to by the resident Commission on Audit (COA) auditor of the NKTI: Provided, finally , that the grant of such tax subsidy shall be in accordance with the terms and conditions of Section 13 of the 2003 General Appropriations Act, subject to the availability of funds therefor, pursuant to the terms and conditions of the Rules and Regulations to Implement the Tax Subsidy Provisions Under Executive Order No. 93. DAaIHT (SGD.) NIEVES L. OSORIO Undersecretary of Finance Presiding Officer FIRB Reference: FIRB Technical Committee Meeting dated November 6, 2003 FIRB Meeting dated November 18, 2003