Amendments to R.A. Nos. 4712 and 4713

May 27, 1975 PRESIDENTIAL DECREE NO. 708 AMENDINGTHE PROVISIONS PERTINENT TO THE GRANT OF REWARD UNDER REPUBLIC ACT NO.4712 AND REPUBLIC ACT NO.4713, ENTITLED, "AN ACTAMENDING CERTAIN SECTIONS OF THE TARIFF AND CUSTOMSCODE OF THE PHILIPPINES" AND "AN ACTAMENDING CERTAIN SECTIONS OF COMMONWEALTHACT NUMBERED FOUR HUNDREDSIXTY-SIX AS AMENDED, OTHERWISE KNOWN AS THE NATIONALINTERNAL REVENUECODE", RESPECTIVELY I, FERDINAND E. MARCOS, President of the Philippines, by virtue of the powers vested in me by the Constitution, do hereby order and decree: SECTION 1. The provisions of Section 1 of R.A. No. 4712, and Section 5 of R.A. No. 4713, to the contrary notwithstanding, the amount to be paid to persons instrumental in the discovery and seizure of smuggled goods shall be limited to a cash reward equivalent to five (5%) per centum of the fair market value thereof. acd SECTION 2. All laws, acts, decrees, orders, and regulations inconsistent herewith are deemed repealed and/or modified accordingly. SECTION 3. This Decree shall take effect upon its approval. DONE in the City of Manila, this 27th day of May, in the year of Our Lord, Nineteen Hundred and Seventy-Five.