Philippine National Police Service Stores System (1)

February 11, 1994 FIRB RESOLUTION NO. 007-94 SUBJECT : Philippine National Police Service Stores System (1) BE IT RESOLVED, AS IT IS HEREBY RESOLVED, to renew the subsidy availment previously granted in favor of Philippine National Police Service Stores System, pursuant to FIRB Resolution Nos. 6-93 and 18-93, (Granting subsidy availment to the Philippine National Police Service Stores System in the amounts of P28 . 5 million and P6 . 5 million only, representing the taxes on items purchased and subsequently sold by its outlets to their intended beneficiaries only): Provided , That the amount of subsidy to be available to the subject beneficiary shall be limited only to the unutilized portion of the subsidy availment previously granted thereto: Provided, however , that the subsidy herein granted shall not apply on taxes due on sales of firearms and ammunitions, and three-or-more wheeled motor vehicles; Provided, further , that all items entitled to the subsidy herein granted shall be sold only to their intended beneficiaries and that any sale thereof to persons other than the intended beneficiaries shall be subject to the taxes and duties due thereon: Provided, furthermore , that the PNPSSS shall cause to be marked on all items entitled to the tax subsidy herein granted, to the extent practicable, a notation to the effect that such items have been tax subsidized by the government, Provided, finally , That such availment shall be in accordance with the terms and conditions of Section 15 of the 1994 General Appropriations Act, subject to the availability of funds therefor, pursuant to the terms and conditions of the Rules and Regulations to Implement the Subsidy Provision Under Executive Order No. 93. cdt (SGD.) JUANITA D. AMATONG Undersecretary of Finance Presiding Officer FIRB References : FIRB Technical Committee meeting dated January 26, 1994 FIRB meeting dated February 11, 1994 Amount Renewed P14 . 74 million only