Armed Forces of the Philippines Commissary and Exchange Service and the Philippine Constabulary/ Integrated National Police Service Stores System

May 24, 1990 FIRB RESOLUTION NO. 028-90 SUBJECT : Armed Forces of the Philippines Commissary and Exchange Service and the Philippine Constabulary/ Integrated National Police Service Stores System BE IT RESOLVED, AS IT IS HEREBY RESOLVED, to amend FIRB Resolution No. 12-89, previously issued in favor of the Armed Forces of the Philippines Commissary and Exchange Service and the Philippine Constabulary/Integrated National Police Service Stores System, as follows: "BE IT RESOLVED, AS IT IS HEREBY RESOLVED, to endorse to the Department of Budget and Management the subsidy availment of the Armed Forces of the Philippines Commissary and Exchange Service and the Philippine Constabulary/Integrated National Police Service Stores System through the Department of National Defense, in the amount of P85 million only , representing taxes and duties on items purchased and subsequently sold by these outlets to their intended beneficiaries only, pursuant to the terms and conditions of Executive Order No. 76, as amended by FIRB Resolution No. 5-87 and FIRB Resolution No. 12-89: Provided , that such amount shall be chargeable against the 1990 Tax Expenditures Fund, 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 for purposes of operationalizing the subsidy availment herein endorsed, the subject outlets in consultation with the Department of Budget and Management, the Bureau of Customs, and the Bureau of Internal Revenue shall devise a mechanism to ensure that such subsidy availment is utilized solely and exclusively for the purpose for which it is intended and to ensure that the benefits arising from such utilization are passed on to the intended beneficiaries of subject outlets in an equitable manner: Provided, Furthermore , That the exemption privileges enjoyed by subject outlets which were restored temporarily by FIRB Resolution No. 5-87, as amended, are hereby withdrawn effective January 1, 1990: Provided, However , That the withdrawal of such exemption privileges shall not apply to all purchases made by subject outlets prior to January 1, 1990 but which arrived and/or were delivered after said date, as indicated in Annex A of this Resolution: Provided, Finally , That the amount of exemption appertaining to such purchases shall be up to the extent of P425,379 . 23 only ." (SGD.) JESUS P. ESTANISLAO Secretary of Finance Chairman FIRB References : FIRB Technical Committee Meeting dated March 29, 1990 FIRB Meeting dated May 23, 1990 ANNEX A DELIVERIES FOR JANUARY & FEBRUARY 1990