EXEMPTING FROM TAX PRIZES OF MISS UNIVERSE CONTESTANTS AND CERTAIN EQUIPMENT AND FACILITIES TO BE USED IN CONNECTION WITH THE MISS UNIVERSE BEAUTY PAGEANT.

• Number: Presidential Decree No. 486
• Sections: 5

Preamble

WHEREAS, the Philippines will play host to the 1974 Miss

Universe Beauty Pageant to be held in Manila; and

WHEREAS, as a gesture of courtesy and good will to the

various beauty representatives of the nations participating therein;

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

Philippines, by virtue of the authority vested in me by the

Constitution, do hereby order and decree:

Section 1

SECTION 1. All prizes in cash or in kind, including talent

fees and gifts given to the winning candidates and the participants in

the Miss Universe Beauty Pageant during and in connection with the said

Pageant shall be exempt from any and all taxes due to the Philippine

Government.

Section 2

SEC. 2. Television and movie equipment and facilities

brought to the country by the technical crew of Miss Universe Inc. to be

used for the coverage of the Pageant shall be exempt from all customs

duties and taxes or bonds in lieu thereof; Provided, That the

listing, specifications and details of said equipment and facilities

shall be furnished to the Commissioner of Customs and the Department of

Tourism; and provided, further, that none of said equipment and

facilities shall remain in the Philippines after the Pageant otherwise

full customs duties shall be levied and collected on them.

Section 3

SEC. 3. All necessary rules and regulations to implement

this Decree shall be promulgated by the Secretary of Finance.

Section 4

SEC. 4. This Decree shall take effect immediately.

Done in the City of Manila, this 19th day of June, in the year of

Our Lord, nineteen hundred and seventy-four.

(Sgd.)

FERDINAND E. MARCOS

President of the Philippines

By the President:

(Sgd.)

ALEJANDRO MELCHOR

Executive Secretary