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PRESIDENTIAL DECREE NO. 504
PRESIDENTIAL DECREE NO. 504
- FURTHER AMENDING Section 4 OF REPUBLIC ACT NO. 4155, AS AMENDED
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WHEREAS, in
an effort to arrest the steady increase in the price of foreign leaf
tobacco for blending purposes, there is an urgent need to take
effective measures to at least stabilize if not minimize the production
cost of locally-manufactured quality cigarettes and thereby, saving the
consuming public from paying for the increased cost;chanroblesvirtualawlibrary
WHEREAS, it has been determined that the imposition of the minimum tax
of P10.00 per kilogram of imported leaf tobacco under Section 4 of
Republic Act No. 4155, as amended, will further increase the present
cost of locally-manufactured cigarettes constituting the main bulk of
the local cigarette industry's output and being patronized by the
greater mass of the country's smokers;chanroblesvirtualawlibrary
WHEREAS, unless a remedial measure is taken, the government stands to
lose in terms of revenue collections as the increased production cost
of local cigarettes will inevitably be detrimental to that segment of
the cigarette industry which yields a very considerable portion of the
specific tax collections;chanroblesvirtualawlibrary
NOW, THEREFORE, I, FERDINAND E. MARCOS, President of the Philippines,
by virtue of powers in me vested by the Constitution, do hereby decree
and order that Section 4 of Republic Act No. 4155, as earlier amended
by Presidential Decree Nos. 62 and 446, be further amended to read as
follows: chanroblesvirtualawlibrary
"Sec. 4. Importation of foreign leaf tobacco only for
blending purposes. — No person will import leaf tobacco except as
herein provided. When the Philippine Virginia Tobacco Administration
Board believes that it is necessary to improve the quality of locally
made cigarettes and there are no sufficient stocks of foreign leaf
tobacco for blending purposes available in the country, the Philippine
Virginia Tobacco Administration may authorize any bona-fide cigarette
manufacturer, owned or controlled by Filipino citizens, to import
foreign leaf tobacco for blending purposes at the ratio of not more
than one (1) kilogram of imported foreign leaf tobacco to every four
(4) kilograms of local Virginia leaf tobacco purchased, subject to
limitations, requirements, rules, and regulations promulgated by the
Philippine Virginia Tobacco Administration. In no case shall the
importation exceed six (6) million kilograms in any year unless the
exigencies of the industry require otherwise. No other tariff or taxes
shall be imposed on foreign leaf tobacco so imported except an amount
equivalent to one hundred percentum (100) of its landed cost."
This Decree is hereby made part of the law of the land and shall take
effect immediately.
Done in the City of Manila,
this 1st day of July, in the year of Our Lord, nineteen hundred and
seventy-four.
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