Philippine Heart Center (1)

December 6, 2004 FIRB RESOLUTION NO. 009-04 SUBJECT : Philippine Heart Center (1) WHEREAS, the Philippine Heart Center (PHC) provides specialized heart care services to a number of patients, most of whom are classified as indigents; WHEREAS, the operations of the PHC require the replacement of outdated equipment and continuing provisions of supplies and materials, most of which are not locally available or are not available in the quantity and/or quality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 PHC 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 PHC in its operations and not for other purposes; trdcd2004 NOW, THEREFORE, BE IT RESOLVED, AS IT IS HEREBY RESOLVED, to grant tax subsidy to the PHC in the amount of P7,571,027 . 00 only: representing taxes and duties on its 2004 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 P5,999,121.00 only, representing taxes and duties due on 48 shipments with billings of the Bureau of Customs (BOC) that arrived from December 26, 2003 to November 25, 2004; and (b) the subsequent CES shall be issued upon the submission by the PHC 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 PHC as certified to by the resident Commission on Audit (COA) auditor of the PHC: 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 as reenacted, 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. aDHScI (SGD.) NIEVES L. OSORIO Undersecretary of Finance Presiding Officer FIRB References : Joint FIRB-Technical Committee Meeting dated December 6, 2004 ANNEX A PHILIPPINE HEART CENTER East Avenue, Quezon City SCHEDULE OF IMPORTATIONS For Calendar Year 2004 Actual Duties and Taxes (with statement of account) January to June 2,552,781 July to September 1,255,539 October to November 2,190,801 Sub total P 6,999,121 ========= Expected Importations for December Estimated Items/Descriptions Qty Unit Price Amount Taxes and Duties Quadrilite 6000 Light source 2 units $ 4,327 8,655 P67,505 Cooley Patent Ductus Clamp 6 pcs 370 2,220 17,316 Hemoconcentrator (Pediatric) 70 pcs 110 7,700 60,060 Hemoconcentrator (Adult) 80 pcs 120 9,600 74,880 Hospital Beds 16 pcs 3,422 54,752 427,065 Adult Oxygenators 170 sets 300 51,000 397,800 Continuous Renal Replacement Therapy Machine 2 units 17,015.00 34,030 265,434 Hemodialysis Machine 4 units 5,900.00 23,600 184,080 Portable Reverse Osmosis Machine 2 units 4,985.00 9,970 77,766 Sub total P 1,671,906 TOTAL P 7,571,027 ========= Prepared by: (SGD.) CORAZON M. PEREZ Chief, Budget Division