Section 1
Section 1. Any provision of law, decree, rules and regulations to the contrary notwithstanding, the tax exemptions granted to the Philippine Communications Satellite Corporation under Republic Act No. 5514 is hereby restored.
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Presidential Decree No. 990
Presidential Decree No. 990
WHEREAS, in support of its operations, the Philcomsat was exempted from the payment of customs duties, tariffs and other charges on machineries, equipment, supplies and spare parts imported for the construction and maintenance of its earth stations from the time of its organization;
Section 2
This Decree shall take effect immediately
Section 2. This Decree shall take effect immediately.
Done in the City of Manila, this 31st day of August, in the year of Our Lord, nineteen hundred and seventy-six.