Armed Forces of the Philippines Commissary and Exchange Service (3)

November 22, 1994 FIRB RESOLUTION NO. 036-94 SUBJECT : Armed Forces of the Philippines Commissary and Exchange Service (3) 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 P27 . 967 million only , as additional subsidy availment, 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 24.95 89.22 2. Petroleum 1.26 4.51 3. Beverages 0.88 3.13 4. Alcohol/distilled spirits 0.73 2.61 5. Tobacco products 0.15 0.53 Total 27.97 100.00 ==== ===== 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. (SGD.) JUANITA D. AMATONG Undersecretary of Finance Presiding Officer FIRB References : FIRB Technical Committee Meeting Dated November 9, 1994 FIRB Meetings November 21, 1994 FIRB Resolution No. Amount 11-94 P16.240 million 15-94 117.336 36-94 27.967 Total 161.543 million ======