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LETTER OF INSTRUCTIONS
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LETTER OF INSTRUCTIONS NO. 989 |
The Chairman, Iron and Steel Authority
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 would have been collected from the importation by the
National Steel Corporation, a government-controlled corporation, of up
to 29,000 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 National Economic and Development Authority and the Iron and
Steel Authority.
2. The
above-mentioned subsidy shall be granted to the National Steel
Corporation through the Iron and Steel Authority.
3. The
importation of the above-mentioned tinplates by the National Steel
Corporation shall be under the supervision of the Iron and Steel
Authority.
4. The
National Steel Corporation may be allowed to distribute the imported
tinplates to local milk processors in accordance with an allocation to
be determined by and under the supervision of the Iron and Steel
Authority.
DONE in the City of Manila, this 16th day of February, in the year of Our Lord, nineteen hundred and eighty.
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Since 19.07.98.