ChanRobles Virtual law Library
PHILIPPINE LAWS, STATUTES & CODES
A collection of Philippine laws, statutes and codes not included or cited in the main indices of the Chan Robles Virtual Law Library.
REPUBLIC ACTS
AN ACT TO AMEND ACT NUMBERED FOUR
THOUSAND
AND THIRTY-FIVE OF THE PHILIPPINE LEGISLATURE ENTITLED, "AN ACT TO PREVENT
DUMPING OF IMPORTED
ARTICLES, WARES, OR MERCHANDISE, TO DISCOURAGE UNFAIR PRACTICES OR
METHODS IN THE IMPORT TRADE, TO IMPOSE SPECIAL CUSTOMS DUTIES THEREFOR,
AND FOR OTHER PURPOSES" |
Section 1. Section s one, two, three, four, and five of Act
Numbered Four thousand and thirty-five of the Philippine Legislature
entitled, "An Act to prevent dumping of imported articles, wares, or
merchandise, to discourage unfair practices or methods in the import
trade, to impose special customs duties therefor, and for other
purposes," are hereby amended so as to read as follows: "Section .
1. Whenever the Insular Collector of Customs has
reasons to believe that any owner, importer, consignee, or agent, is
importing or about to import articles, goods, wares, or merchandise
either dutiable or duty-free, which importations or attempted
importations have or would have the effect or tendency to destroy or
injure an industry efficiently and economically operated in the
Philippines, or to prevent the development of an industry that is being
so established, or to restrain or monopolize trade or commerce in the
Philippines, or when he has reasons to believe that an importer, owner,
consignee, or agent is indulging in unfair methods of competition which
may result in the destruction of industries or in restraint of trade as
aforesaid, or whenever he has reasons to believe, from the invoice or
other papers or information presented to him, that the purchase price
or the exporter's selling price of any imported merchandise is less
than its foreign value or, in the absence of such value, the cost of
production in the country of origin, it shall be his duty to make
report thereof to the Secretary of Finance who shall order an
investigation of the matter by a Board composed of the Insular
Collector of Customs, the Collector of Internal Revenue, and the
Director of Commerce. The investigation shall include a hearing or
hearings where the parties affected or other interested parties shall
have an opportunity to be heard and to present evidence bearing on the
subject-matter of the investigation. The Board shall make report of the
findings within thirty days to the Secretary of Finance who shall
decide whether the merchandise in question is being imported in
violation of this Act. Pending the decision of the Secretary of
Finance, the delivery of the merchandise involved shall be withheld
unless released under bond as provided in section two hereof.
Merchandise which may have been delivered under the provisions of
section twelve hundred and seventy-seven of the Administrative Code
prior to the institution of the investigation provided in this section
shall, pending final decision, be ordered returned to the custody of
the Collector of Customs unless released under a new bond as provided
in section two hereof. chan
robles virtual law library Sec. 2. Section six of Act Numbered Four thousand and thirty-five of the Philippine Legislature is hereby repealed and in lieu thereof the following is hereby inserted: chan robles virtual law library "Section .
6. The Secretary of Finance shall make all rules and
regulations necessary to enforce the provision of this Act." Sec. 3. This Act shall take effect upon its approval. chan robles virtual law library Approved:
September 25, 1946 |
chan robles virtual law library