Tax and Duty-Free Importation of Rubber Rollers by the National Grains Authority
Letter of Instructions No. 698, issued by President Ferdinand E. Marcos on May 30, 1978, aims to enhance the grains industry's post-harvest technology in the Philippines. The directive emphasizes the need to minimize losses in the milling of palay by promoting the use of rubber rollers, while addressing the high costs associated with their importation and the lack of local manufacturing. The National Grains Authority is tasked with importing rubber rollers tax-free for three years and facilitating their distribution to licensed millers. Additionally, government financial institutions are instructed to support local manufacturing, and research initiatives are to be undertaken to improve related technologies. The directive is effective immediately.
Quick Answers
- What is Tax and Duty-Free Importation of Rubber Rollers by the National Grains Authority about?
- Letter of Instructions No. 698, issued by President Ferdinand E. Marcos on May 30, 1978, aims to enhance the grains industry's post-harvest technology in the Philippines. The directive emphasizes the need to minimize losses in the milling of palay by promoting the use of rubber rollers, while addressing the high costs associated with their importation and the lack of local manufacturing. The National Grains Authority is tasked with importing rubber rollers tax-free for three years and facilitating their distribution to licensed millers. Additionally, government financial institutions are instructed to support local manufacturing, and research initiatives are to be undertaken to improve related technologies. The directive is effective immediately.
- What type of law is Letter of Instructions No. 698?
- Tax and Duty-Free Importation of Rubber Rollers by the National Grains Authority (Letter of Instructions No. 698) is a Philippine Presidential Issuances enacted by the Congress of the Philippines.
- When was Tax and Duty-Free Importation of Rubber Rollers by the National Grains Authority enacted?
- Tax and Duty-Free Importation of Rubber Rollers by the National Grains Authority (Letter of Instructions No. 698) was enacted on May 30, 1978.
- What is the citation for Tax and Duty-Free Importation of Rubber Rollers by the National Grains Authority?
- Tax and Duty-Free Importation of Rubber Rollers by the National Grains Authority, Letter of Instructions No. 698, May 30, 1978 (Philippines)
Law Information
- Reference Number
- Letter of Instructions No. 698
- Date Enacted
- Category
- Presidential Issuances
- Subcategory
- Letters of Instructions
- Jurisdiction
- Philippines
- Enacting Body
- Congress of the Philippines
Full Law Text
May 30, 1978
LETTER OF INSTRUCTIONS NO. 698
| TO | : | The Secretary of Finance/Commissioner of Customs |
| The Administrator, National Grains Authority | ||
| The Chairman, Board of Investments | ||
| The President, Philippine National Bank | ||
| The Chairman, Development Bank of the Philippines | ||
| The Chairman, National Science Development Board | ||
| The Manager, Philippine Ports Authority |
WHEREAS, one of the declared policies of the government is to promote the integrated growth and development of the grains industry; aisa dc
WHEREAS, the significant achievements attained in the area of production have brought about the corollary need of up-grading post-harvest technology;
WHEREAS, in the post production phase of the industry, there is an urgent need to minimize physical and economic losses in the milling of palay; aisa dc
WHEREAS, the use of rubber rollers is one of the modern methods in efficient milling;
WHEREAS, the use of rubber rollers increases the operational costs of millers due to the high import cost of the same and the non-availability of acceptable locally manufactured rubber rollers. cdt
NOW, THEREFORE, in order to minimize losses in milling and to promote local manufacture of quality rubber rollers, I, FERDINAND E. MARCOS, President of the Philippines, hereby direct:
The National Grains Authority to (1) import rubber rollers from available sources, free from all taxes, duties, fees, and other special charges incident to the importation thereof, for a period of three years from the date of this Letter of Instructions and to provide a scheme in the distribution of the same to bona fide and duly licensed palay millers and (2) promote and encourage the local manufacture of quality rubber rollers for the use of the grains authority.
To hasten the manufacture of rubber rollers, the Development Bank of the Philippines (DBP), the Philippine National Bank (PNB), and other government financial institutions are hereby directed to extend the necessary financial assistance for the local manufacture of quality rubber rollers; the National Science Development Board (NSDB) shall also initiate immediately researches to improve the required technology; and the Board of Investments (BOI) shall list rubber roller manufacturing as a pioneer undertaking under the Investment Priority Plan. The Letter of Instructions shall be effective immediately.
DONE in the City of Manila, this 30th day of May, in the year of Our Lord, Nineteen Hundred and Seventy-Eight. casia
Cite This Law
Tax and Duty-Free Importation of Rubber Rollers by the National Grains Authority, Letter of Instructions No. 698, May 30, 1978 (Philippines)
Tax and Duty-Free Importation of Rubber Rollers by the National Grains Authority, Letter of Instructions No. 698 (Phil. 1978)
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- Continued Tax and Duty Free Importation of Petroleum ProductsLetter of Instructions No. 839 • Mar 31, 1979 • Presidential Issuances
- Guidelines Governing Implementation of P.D. No. 1193 Re: Operations of Duty and Tax Free StoresLetter of Instructions No. 595 • Sep 6, 1977 • Presidential Issuances
- National Grains Authority ActPresidential Decree No. 1485 • Jun 11, 1978 • Presidential Issuances
- Authorizing the Tourist Duty-Free Shops, Inc. to Establish and Operate Duty and Tax Free ShopsPresidential Decree No. 1193 • Sep 6, 1977 • Presidential Issuances
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