Section 1
SECTION 1. Section 11 of P.D. 564 is hereby amended by adding a new Section to read as follows: "SECTION 11-A. Authority's Exemption from Taxes.—In furtherance and effective implementation of the policy enumerated in Section 1 of the Decree, the Authority is hereby declared exempt: From the payment of all taxes, duties, fees, charges, costs and service fees in any court or administrative proceedings in which it may be a party, to the Republic of the Philippines, its provinces, cities, municipalities and other government agencies and instrumentalities; From all income taxes, franchise taxes, realty taxes and all other kinds of taxes and licenses imposed by the National Government, or its political subdivisions, instrumentalities or agencies; and From all tariff and customs duties, and advance sales tax on importations of capital equipment required for its operations."