Grant of Subsidy to the Iron and Steel Authority for Importation of Tinplates
Letter of Instructions No. 787, issued on December 22, 1978, directs the Minister of the Budget to allocate a government subsidy to cover the taxes, duties, and fees from the importation of 16,935 MT of tinplates by the National Steel Corporation. This importation supports the domestic milk industry and infant dietetics manufacturers in processing their products at affordable prices, as recommended by the NEDA and the Iron and Steel Authority. The Iron and Steel Authority is responsible for overseeing the importation and distribution of these tinplates, ensuring they are not used to unjustifiably raise prices of related products. The aim is to maintain a socialized pricing scheme for basic commodities.
Law Information
- Reference Number
- Letter of Instructions No. 787
- Date Enacted
- Category
- Presidential Issuances
- Subcategory
- Letters of Instructions
- Jurisdiction
- Philippines
- Enacting Body
- Congress of the Philippines
Full Law Text
December 22, 1978
LETTER OF INSTRUCTIONS NO. 787
| TO | : | The Minister of the Budget |
| The Chairman, Iron and Steel Authority | ||
| The Commissioner, Bureau of Customs |
1. The Minister of the Budget is hereby directed to set aside from the current budget, a government subsidy equivalent to the taxes, duties and fees which will have been collected from the importation by the National Steel Corporation of up to 16,935 MT of tinplates required by the domestic milk industry to process milk (15,000 MT) and by the infant dietetics manufacturers to process dietetic products (1,935 MT) and sell the same in accordance with the socialized pricing scheme of the government for basic commodities as recommended by the NEDA and the Iron and Steel Authority.
2. The above-mentioned subsidies shall be granted to the National Steel Corporation through the Iron and Steel Authority. aisa dc
3. The importation of the above-mentioned tinplates by the National Steel Corporation shall be under the supervision of the Iron Steel Authority.
4. The National Steel Corporation may be allowed to distribute the imported tinplates to local milk processors and infant dietetics manufacturers under the supervision of the Iron and Steel Authority.
5. The Chairman of the Iron and Steel Authority shall see to it that the above importations of tinplates shall not be used by local milk processors and infant dietetics manufacturers as a basis for increasing the price of their products considering the cost difference between imported and locally manufactured tinplates. cd i
DONE in the City of Manila, this 22nd day of December, in the year of Our Lord, Nineteen Hundred and Seventy-Eight. cdt
Cite This Law
Grant of Subsidy to the Iron and Steel Authority for Importation of Tinplates, Letter of Instructions No. 787, Dec 22, 1978 (Philippines)
Grant of Subsidy to the Iron and Steel Authority for Importation of Tinplates, Letter of Instructions No. 787 (Phil. 1978)
Related Laws
- Grant of Subsidy to the Iron and Steel Authority for Importation of TinplatesLetter of Instructions No. 719 • Jul 11, 1978 • Presidential Issuances
- Allocation of Government Subsidy for Importation of Tinplates by the Iron and Steel AuthorityLetter of Instructions No. 910 • Aug 9, 1979 • Presidential Issuances
- Grant of Government Subsidy to National Steel Corporation for Importation of TinplatesLetter of Instructions No. 989 • Feb 16, 1980 • Presidential Issuances
- Grant of Government Subsidy to National Steel CorporationLetter of Instructions No. 1250 • Jun 26, 1982 • Presidential Issuances
- Supplemental Appropriation for Reimbursement of Customs Duties Incurred in Imported Iron and Steel Slabs and CoilsPresidential Decree No. 476 • Jun 3, 1974 • Presidential Issuances
- Supplemental Appropriation for Reimbursement of Customs Duties Incurred in Imported Steel Slabs and CoilsPresidential Decree No. 554 • Sep 16, 1974 • Presidential Issuances
Browse More Presidential Issuances
Explore other laws in the Presidential Issuances category.
View All Presidential IssuancesNeed Help Understanding This Law?
Ask our AI assistant to explain provisions, implications, or related laws.
Ask AI About This Law