SECTION 1. The provisions of Section 1 of R.A. No. 4712, and Section 5 of R.A. No. 4713, to the contrary notwithstanding, the amount to be paid to persons instrumental in the discovery and seizure of smuggled goods shall be limited to a cash reward equivalent to five (5%) per centum of the fair market value thereof.
SEC. 2. All laws, acts, decrees, orders, and regulations inconsistent herewith are deemed repealed and/or modified accordingly.
SEC. 3. This Decree shall take effect upon its approval.
Done in the City of Manila, this 27th day of May, in the year of Our Lord, nineteen hundred and seventy-five.
(Sgd.) |
FERDINAND E. MARCOS | |||||||
President |
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Republic of the Philippines | ||||||||
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By the President: | |||||||
(Sgd.) |
ALEJANDRO MELCHOR | |||||||
Executive Secretary |