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LETTER OF INSTRUCTIONS
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LETTER OF INSTRUCTIONS NO. 910 |
The Chairman, Iron and Steel Authority
The Commissioner, Bureau of Customs
1.
The Minister of the Budget is hereby directed to set aside from the
current budget, a government subsidy equivalent to the taxes, duties
and fees which will have been collected from the importation made by
the Iron and Steel Authority or its designated entity of 15,000 MT of
tinplates required by the domestic milk industry to process milk and
sell the same in accordance with the socialized pricing scheme of the
government for basic commodities as recommended by the NEDA.
2. A similar
government subsidy shall also be set aside by the Minister of the
Budget or subsequent importations of tinplates by the ISA to meet the
requirements of the domestic milk industry for the rest of 1979.
3. The
above-mentioned subsidy shall be granted to the Iron and Steel
Authority.
4. As per
recommendation of the NEDA, the ISA or its designated entity for these
importations may be allowed to distribute the imported tinplates to
local milk processors under the supervision of the ISA.
Done in the City of Manila, this 9th day of August, in the year of Our Lord, nineteen hundred and seventy-nine.
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Since 19.07.98.