Exemption of All Importations for Construction and Operation of New Sugar Mills from Payment of Taxes, etc.
Letter of Instructions No. 508, issued on February 15, 1977, directs the Secretary of the Department of Finance to extend customs and tariff duty exemptions to all importations for constructing and operating new sugar mills since January 1975. This directive aligns with the provisions of Presidential Decree No. 791, which aims to support the sugar industry. The initiative seeks to enhance government policies that incentivize sugar production and processing, ultimately benefiting the national economy. The measure reflects a commitment to bolster the sector's growth and sustainability.
Law Information
- Reference Number
- Letter of Instructions No. 508
- Date Enacted
- Category
- Presidential Issuances
- Subcategory
- Letters of Instructions
- Jurisdiction
- Philippines
- Enacting Body
- Congress of the Philippines
Full Law Text
February 15, 1977
LETTER OF INSTRUCTIONS NO. 508
TO : The Secretary
As a matter of public interest and pursuant to the spirit of Presidential Decree No. 791, as amended, providing exemption for the payment of customs and tariff duties, special import tax and compensation tax covering importation of sugar mills, machinery, spare parts, and equipment, it is hereby directed that such exemption be extended to all importations made for the construction and operation of the new sugar mill since January 1975 and not necessarily effective only upon date of approval of Presidential Decree No. 791. acd
This will further enhance the government policy of providing an incentive and assistance in the production and processing of sugar for the welfare of the national economy.
DONE in the City of Manila, this 15th day of February, in the year of Our Lord, Nineteen Hundred and Seventy-Seven. casia
Cite This Law
Exemption of All Importations for Construction and Operation of New Sugar Mills from Payment of Taxes, etc., Letter of Instructions No. 508, Feb 15, 1977 (Philippines)
Exemption of All Importations for Construction and Operation of New Sugar Mills from Payment of Taxes, etc., Letter of Instructions No. 508 (Phil. 1977)
Related Laws
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