Duty and Tax Exemptions.
Section 20
SEC. 20. Duty and Tax Exemptions. - The importation of books or publications, instruments, equipment, and apparatuses, which are for economic, technical, vocational, scientific, medical, philosophical, historical, legal or cultural purposes made by the ASUST, upon certification by the CHED, shall be exempt from customs duties in accordance with the provisions of RA No. 10863, otherwise known as "Customs Modernization and Tariff Act (CMTA)". All grants, bequests, endowments, donations and contributions made to and used actually, directly and exclusively for educational purposes by the ASUST, shall be exempt from donor's tax and the same shall be allowed as allowable deduction from the gross income of the donor for purposes of computing the taxable income of the donor, in accordance with the provisions of the National Internal Revenue Code of 1997, as amended.