Tax Provisions.
Section 8
SEC. 8. Tax Provisions. – In consideration of its outstanding public service in the fields of education, culture and public information and in consideration of the equal value of the free use of its facilities including radio broadcast time by the Philippine Government the grantee shall be exempt from prepayment of taxes, customs, duties and other similar charges on the importation of equipment, spare parts and supplies to be actually, directly and exclusively used in and for its radio broadcast or telecast operations as certified by the National Telecommunications Commission or its legal successors: Provided, That, any violation of such condition will subject the importation involved to the payment of taxes, customs, duties and other similar charges at double the rates assessed.