Section 9
SECTION 9. Power to Grant Tax and Duty Exemptions in times of Emergency — The provisions of any law, executive order rule or regulation to the contrary notwithstanding, the authority may, in the exercise of its regulatory powers and in times of serious shortfall of supply of coal for the needs of industries, and with the concurrence of the Minister of Finance, authorize the importation of coal in such quantities as it may determine, wholly or partially free from taxes, duties, wharfage, special imposts and other importation taxes, fees and charges. The Authority shall, jointly with the Minister of finance, determine whether full or partial exemption will be granted, on the basis of the prevailing coal prices and other related expenses at the time of importation. The decision of the authority and the Minister of Finance as to the allowable exemption rates shall be publicized at least one (l) month in advance prior to effectivity and shall apply equally to all who may be allowed to import coal at the time. Provided, that the period of effectivity of the allowable exemption races shall not be changed more often than once a month.