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PRESIDENTIAL DECREE NO. 1679
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PRESIDENTIAL DECREE NO. 1679 -
AMENDING CERTAIN SectionS OF PRESIDENTIAL DECREE NO. 1464, OTHERWISE
KNOWN AS THE TARIFF AND CUSTOMS CODE OF 1978
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WHEREAS it
is the policy of government to continually simplify and facilitate
trade documentation and procedures;chanroblesvirtualawlibrary
WHEREAS, the consular invoice required under Sections 1309 and 1310 of
the Tariff and Customs Code of 1978 causes delays in the importation of
essential materials and likewise constitutes an added financial burden
to importers. chanroblesvirtualawlibrary
NOW, THEREFORE, I, FERDINAND E. MARCOS, President of the Republic of
the Philippines, by virtue of the powers vested in me by the
Constitution, do hereby order and direct that:cralaw:red
Section 1. The consular invoice as a documentary
requirement for importation to the Philippines as required under
Sections 1309 and 1310 of Presidential Decree No. 1464, otherwise known
as the Tariff and Customs Code of 1978, is hereby eliminated. Sections
1309, 1310, 1311, 1312, of the aforementioned decree are hereby amended
to conform with the provisions of this decree.
Section 2. In lieu of the consular invoice, the
commercial invoice required under Section 1308 of Presidential Decree
No. 1464, shall be presented at the time of or before or immediately
after the shipment of the articles to a consular officer of the
Philippines for authentication. The seal of the Philippine Consulate
shall be stamped on the commercial invoice and signed by the Consular
Officer or his duly designated representative. Only commercial invoices
which have a dutiable value of three thousand pesos (P3,000.00) and
above shall be subject to authentication and to payment of a fee of
thirty dollars (US$ 30.00).
Section 3. The Ministry of Foreign Affairs, the
Central Bank and the Bureau of Customs shall revise all existing rules
and regulations covering the consular invoice accordingly.
This Decree shall take effect immediately.
Done in the City of Manila,
this 6th day of March, in the year of Our Lord, nineteen hundred and
eighty.
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