Presidential Decree No. 416 (PD 416) — Further Amending Presidential Decree No. 333, Dated November 26, 1973, as Amended by Presidential Decree Nos. 343 and 368
As an emergency measure against the current international oil
crisis, I, FERDINAND E. MARCOS, President of the Philippines, by
virtue of the powers in me vested by the Constitution as
Commander-in-Chief of all the Armed Forces of the Philippines, and
pursuant to Proclamation No. 1081, dated September 21, 1972, and General
Order No. 1, dated September 22, 1972, as amended, do hereby order,
decree and amend Presidential Decree No. 333, as amended by Presidential
Decree No. 343 and Presidential Decree No. 368, as follows:
SECTION 1. Section 1 is hereby amended to read as follows:
"SECTION 1. Any provision of existing law, executive or
administrative order, or rule or regulation to the contrary
notwithstanding, the importation, free from customs duties, of kerosene,
diesels, liquefied petroleum gas, fuel oil, aviation-turbo fuel,
aviation gas, and other processed products as may be determined by the
President upon certification of the Philippine National Oil Company by
persons or entities duly authorized by the Oil Industry Commission shall
be allowed until 30 June 1974 unless sooner terminated by the
President."
SEC. 2. This Decree shall take effect immediately.
Done in the City of Manila, this 19th day of March, in the year of
Our Lord, nineteen hundred and seventy-four.
(Sgd.) FERDINAND E.
MARCOS
President
Republic of the Philippines
By the President:
(Sgd.) ALEJANDRO
MELCHOR
Executive Secretary
Source: Supreme Court E-Library, Republic of the Philippines. Philippine laws are public documents (works of the government).
