REVENUE REGULATIONS NO. 17-99 issued December 27, 1999 implements Sections 141, 142, 143 and
145 (A) and (C) (1), (2), (3) and (4) of the National Internal Revenue Code of 1997 relative to the increase
of the Excise Tax on distilled spirits, wines, fermented liquors and cigars and cigarettes packed by machine
by twelve percent (12%) effective January 1, 2000. The new rates of Specific Tax to be levied, assessed
and collected are specified in the Regulations, provided, that the new specific tax rate for any existing
brand of cigars, cigarettes packed by machine, distilled spirits, wines and fermented liquor will not be
lower than the Excise Tax that is actually being paid prior to January 1, 2000.