FURTHER AMENDING PRESIDENTIAL DECREE NO. 659, ENTITLED, "PENALIZING THE ILLEGAL TRADING AND THE ILLEGAL EXPORTATION OF PHILIPPINE SUGAR", BY ADDING A NEW PARAGRAPH TO SECTION 5 THEREOF.

• Number: Presidential Decree No. 786
• Sections: 4

Preamble

WHEREAS, under Section 3513 of the Tariff and Customs Code, a

cash reward of twenty percentum of the fair market value of the

smuggled and confiscated goods is given to the officers and men and

informers who are instrumental in the discovery and seizure of such

goods in accordance with the rules and regulations to be issued by the

Secretary of Finance;

WHEREAS, the smuggling-out or illegal exportation of

Philippine sugar is just as injurious and detrimental to the national

economy and to the public interest as the smuggling-in of untaxed goods;

WHEREAS, it is necessary and advisable to provide material

incentives and encouragement to the public and law enforcement personnel

to extend full cooperation and do their utmost to stamp-out the

smuggling or illegal exportation of Philippine sugar, and also to

provide a ready source of funds for the Government's anti-smuggling

operations;

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. Presidential Decree No. 659, dated February 21,

1975, is hereby further amended by adding a new paragraph to Section 5

thereof, which shall read as follows:

"A cash reward equivalent to not more than twenty per centum of

he appraised value of the sugar traded or loaded in violation of this

Decree and confiscated in favor of the Government shall be given to

the officers and men and informers who are instrumental in the

discovery and seizure of such sugar in accordance with

rules and regulations to be issued by the Secretary of National Defense.

The Secretary of National Defense is hereby also authorized to allot

and expend the equivalent of up to fifty per centum of the appraised

value of such sugar for operational expenses in connection with the

implementation and enforcement of this Decree, and the balance thereof

shall accrue to the general fund of the National Government."

Section 2

SEC. 2. All laws, executive orders, instructions, rules and

regulations inconsistent with these provisions are hereby repealed or

amended accordingly.

Section 3

SEC. 3. This Decree shall take effect immediately.

Done in the City of Manila, this 29th day of August, in the year

of Our Lord, nineteen hundred and seventy-five.

(Sgd.)

FERDINAND E. MARCOS

President

Republic of the Philippines

By the President:

(Sgd.)

ROBERTO V. REYES

Acting Executive Secretary