Section 9
SEC. 9. Limitation in the grant of exemption.&mdashWhere several applications for exemption are filed in connection with the same industry, the Board shall approve them in the order in which they have been filed and for this purpose the date appearing on the registry book of the Board and stamped on the application shall be considered the date of filing: Provided, That where two or more applications are pending at the same time and not all the applications should be approved as they are in excess of the demands of the market, the applicant which has the greater Filipino participation and/or control shall be given preference: Provided, further, That applications heretofore filed before the National Economic Council or the Central Bank for established industries covered under this Act as well as applications before the Department of Finance for tax exemptions for industries covered by this Act shall be considered as filed before the Board of Industries as of their original date of application and the date of such filing shall be considered in determining the priority defined herein.