National Kidney And Transplant Institute (1)

December 7, 2005 FIRB RESOLUTION NO. 010-05 SUBJECT : National Kidney And Transplant Institute (1) WHEREAS, the National Kidney and Transplant Institute (NKTI) provides specialized renal care services to a number of patients, with charity cases constituting a significant proportion thereof; WHEREAS, the operations of the NKTI require the replacement of outdated equipment and continuing provisions of supplies and materials, most of which are not locally available or are not available in the quantity and/or quality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 P11,254,000.00 only , representing the taxes and duties on its 2005 importations of various medical, laboratory and surgical equipment and supplies 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 P1,101,563.00 only , representing the taxes and duties on six (6) shipments with billings of the Bureau of Customs (BOC) that arrived from August 14, 2004 to September 1, 2005; and (b) the subsequent CES shall be issued upon 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 14 of the 2005 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. FOR THE FIRB: (SGD.) LINA D. ISORENA Executive Director Head, FIRB Secretariat Reference: Joint FIRB-Technical Committee Meeting dated December 7, 2005 ANNEX A NKTI's 2005 Importation of Medical, Laboratory and Surgical Equipment Quantity Description Amount Customs Duties (@ 15%) 1 set Electron Microscope & Accessories P52,000,000 P7,800,000 1 set Elevator and Accessories 3,028,000 454,000 1 lot Various Medical & Surgical Equipment & Accessories 20,000,000 3,000,000 Total P11,254,000 ==========