Importation of Tires by Tire Manufacturers
Letter of Instructions No. 111, issued on August 6, 1973, mandates the importation of 10,000 tires to address a critical shortage affecting grain flow and government projects in the Philippines. The Central Bank Governor is tasked with approving the importation, which should be completed by December 31, 1973, on behalf of relevant government agencies. The Budget Commissioner is responsible for allocating funds for associated taxes and duties. All concerned entities, both public and private, are required to support this initiative, with compliance being emphasized as immediate and strict.
Law Information
- Reference Number
- Letter of Instructions No. 111
- Date Enacted
- Category
- Presidential Issuances
- Subcategory
- Letters of Instructions
- Jurisdiction
- Philippines
- Enacting Body
- Congress of the Philippines
Full Law Text
August 6, 1973
LETTER OF INSTRUCTIONS NO. 111
| TO | : | The Secretary of Finance |
| Manila | ||
| The Governor | ||
| Central Bank of the Philippines | ||
| Manila | ||
| The Commissioner Budget | ||
| Commission | ||
| Manila | ||
| All Other Entities Concerned |
In order to alleviate the critical shortage in tire supply which is presently restricting the accelerated flow of grains and holding back vital Government projects, you are hereby instructed to undertake the following:
1. The Governor of the Central Bank is directed to approve the importation of 10,000 tires by the tire manufacturers, to arrive before December 31, 1973. Such importation may be made in behalf of the National Grains Authority, the Bureau of Public Highways, or the Department of National Defense, whichever is most appropriate. acd
2. The Commissioner of the Budget Commission is instructed to provide the necessary amount (corresponding to taxes and duties) to the government agency on whose behalf the importations are made.
3. All other entities, both Government and Private, are hereby directed to give all the support for the proper attainment of the goals set forth by this Letter of Instruction. cdt
Immediate and strict compliance with this Letter of Instruction is desired.
DONE in the City of Manila, this 6th day of August, in the year of Our Lord, Nineteen Hundred and Seventy-Three.
Cite This Law
Importation of Tires by Tire Manufacturers, Letter of Instructions No. 111, Aug 6, 1973 (Philippines)
Importation of Tires by Tire Manufacturers, Letter of Instructions No. 111 (Phil. 1973)
Related Laws
- Extension of Import Program for Tires at a Reduced LevelLetter of Instructions No. 1086 • Nov 25, 1980 • Presidential Issuances
- Creation of an Inter-Agency Committee to Prepare an In-Depth Study on Local Truck/Tire Manufacturing IndustriesLetter of Instructions No. 389 • Mar 24, 1976 • Presidential Issuances
- Sale of Tires and Batteries by PNOC Subsidiaries to Registered Land/Transportation CompaniesLetter of Instructions No. 564 • Jun 24, 1977 • Presidential Issuances
- Suspended Application for Importation of Certain ItemsLetter of Instructions No. 1367 • Nov 25, 1983 • Presidential Issuances
- Constitution of Inter-Agency Committee to Regulate Importation of Used Trucks and EnginesLetter of Instructions No. 1053 • Aug 5, 1980 • Presidential Issuances
- Grant of Subsidy to the Iron and Steel Authority for Importation of TinplatesLetter of Instructions No. 787 • Dec 22, 1978 • Presidential Issuances
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