Section 4
SEC. 4. Section 9 (b) of the same Act is hereby amended to read as follows: "(b) Reduced Income Tax.—Registered enterprises shall be entitled for the first five (5) years from its registration, to deduct from its taxable income an amount equivalent to the sum of the direct labor cost and local raw materials utilized in the manufacture of its completely finished export products: Provided, however, That such deduction shall in no case exceed twenty-five per centum (25%) of its total export revenue: Provided, further, That in case of traditional exports, the local raw material component shall not be included in computing the above deduction."