Armed Forces of the Philippines Commissary and Exchange Service (4)

December 9, 1993 FIRB RESOLUTION NO. 035-93 SUBJECT : Armed Forces of the Philippines Commissary and Exchange Service (4) BE IT RESOLVED, AS IT IS HEREBY RESOLVED, to amend the scope of FIRB Resolution No. 32-93 previously granted to the Armed Forces of the Philippines Commissary and Exchange Service (Approving the application for subsidy availment of the AFPCES in the amount of P40 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 1993) to include therein the taxes due on its purchases for the years 1990 and 1991, per Annex A hereof, in the amount of P2 . 427 million only : Provided , That the availment thereof shall be in accordance with the terms and conditions of Section 15 of the 1993 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. (SGD.) JUANITA D. AMATONG Undersecretary of Finance Presiding Officer FIRB References : FIRB Technical Committee meeting dated November 26, 1993 FIRB Meeting dated December 9, 1993 FIRB Resolution No. Amount 8-93, as amended by 15-93 P60.379 million 16-93 30.088 17-93 51.000 32-93, as amended by 35-93 40.000 Total P181.467 million =======