Presidential Decree No. 901 (PD 901) — Withdrawing the Tax-Free Importation Privilege of the National Grains Authority Under Presidential Decree No. 726
WHEREAS, under Presidential Decree No. 726, the National
Grains Authority is given the exclusive authority to import wheat grains
without customs duties, taxes and other charges;
WHEREAS, the above tax exemption privilege is no longer
needed because of the adequacy of supply of palay and its substitutes;
WHEREAS, the withdrawal of the said tax exemption, which in
effect is a subsidy to foreign wheat producers, will generate additional
funds to finance the varied undertakings of the government;
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 the following:
SECTION 1. Section 1 of Presidential Decree No. 726 is
hereby amended to read as follows:
"Section 1. Any provision of law, order or regulation to the
contrary notwithstanding, the National Grains Authority (NGA) shall have
the authority to determine and import exclusively, from whatever source
abroad, the annual wheat grain requirements of the country: Provided,
That the NGA shall include wheat grain in its total grains policy in
coordination with the rice and corn policies: Provided, further,
That the NGA shall have the authority to negotiate, for and in behalf of
the Republic of the Philippines, the importation of wheat grains on a
government-to-government basis; and Provided, finally, That the
importation of wheat grains shall be subject to customs duties, taxes
and other charges."
SEC. 2. Any provision of law, decree, order or regulation
inconsistent or contrary with the provisions of this decree are hereby
repealed or modified accordingly.
SEC. 3. This decree shall take effect upon its approval.
Done in the City of Manila, this 4th day of March, in the year
of Our Lord, Nineteen hundred and seventy-six.
(Sgd.)
FERDINAND E. MARCOS
President
Republic of the Philippines
By the President:
(Sgd.)
JACOBO C. CLAVE
Presidential Executive Assistant
Source: Supreme Court E-Library, Republic of the Philippines. Philippine laws are public documents (works of the government).
