Armed Forces of the Philippines Commissary and Exchange Service

May 20, 1994 FIRB RESOLUTION NO. 015-94 SUBJECT : Armed Forces of the Philippines Commissary and Exchange Service BE IT RESOLVED, AS IT IS HEREBY RESOLVED, to approve the application for subsidy availment of the Armed Forces of the Philippines Commissary and Exchange Service, in the amount of P117.336 million only, representing the taxes due on commissary items purchased from local sources only and subsequently sold by its outlets to their intended beneficiaries only, for the year 1994, in accordance with the following item breakdown: Items Amount of Subsidy Ratio to Total (million P) (%) 1. Merchandise 104.69 89.22 2. Petroleum 5.29 4.51 3. Beverages 3.67 3.13 4. Alcohol/distilled spirits 3.06 2.61 5. Tobacco products 0.63 0.53 Total 117.34 100.00 ===== ===== Provided , that the availment thereof 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: Provided, further , that the subsidy herein granted shall not apply on taxes and duties due on sales of firearms and ammunitions, and three-or-more wheeled motor vehicles; Provided, furthermore , 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, finally , that the AFPCES 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. cdt (SGD.) JUANITA D. AMATONG Undersecretary of Finance Presiding Officer FIRB References : FIRB Technical Committee Meeting dated March 11, 1994 FIRB Meetings dated March 29, 1994 and May 19, 1994 FIRB Resolution No. Amount 11-94 P16.24 million 15-94 117.336 Total 133.576