Philippine National Railways (3)
FIRB Resolution No. 041-95 • Fiscal Incentives Review Board • Resolutions • Dec 11, 1995
Full text
December 11, 1995 FIRB RESOLUTION NO. 041-95 SUBJECT : Philippine National Railways (3) BE IT RESOLVED, AS IT IS HEREBY RESOLVED, to approve the application for subsidy availment of the Philippine National Railways in the amount of P18,695,416 . 00 only , representing the duties and taxes due on its 1995 importation of various materials and supplies in connection with the Improvement and Modernization of Commuter Line South Project: Provided , That such availment shall be in accordance with the terms and conditions of Section 12 of the 1995 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. (SGD.) MA. CECILIA G. SORIANO Undersecretary of Finance Presiding Officer FIRB References : FIRB Technical Committee Meeting dated October 25, 1995 FIRB Meeting dated December 8, 1995 Resolution No. Amount 12-95 (renewal) P13.250 million 36-95 (amendment of - validity date) 41-95 18.695 Total P31.945 million ===========
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