GRANTING CERTAIN TAX AND CUSTOMS BENEFITS TO THE PROJECT: GINTONG ALAY.

• Number: Presidential Decree No. 1742
• Sections: 4

Preamble

WHEREAS, the Project: Gintong Alay which was created

pursuant to Letter of Instructions No. 955 has been given expanded objective per

Letter of Instructions No. 1022-A, tasking it for the training of Philippine

athletes for international competitions;

WHEREAS, their project requires sufficient funds, materials

and resources;

WHEREAS, almost all the equipment and materials required by the Project:

Gintong Alay are obtainable only by importation;

WHEREAS, Government assistance on this direction is deemed

necessary and imperative;

NOW, THEREFORE, I, FERDINAND E. MARCOS, President of the

Philippines, by virtue of the powers vested in me by the Constitution, do hereby

decree and order:

Section 1

SECTION 1. The Project: Gintong Alay may import sports

equipment, materials and other supplies as may be required for the attainment of

its objectives from its appropriations, contributions or other sources.

Such importations shall be fully exempted from customs duties, levies,

charges or taxes of any kind.

Section 2

SEC. 2. All laws, decrees, orders, rules and regulations

inconsistent herewith are hereby repealed, amended or modified accordingly.

Section 3

SEC. 3. This Decree shall take effect immediately.

Done in the City of Manila, this 11th day of November, in the year of Our

Lord, nineteen hundred and eighty.

(Sgd.) FERDINAND E. MARCOS

President of the

Philippines

By the President:

(Sgd.) JOAQUIN T. VENUS, JR.

Presidential

Assistant