 Sponsored by: The ChanRobles Group A collection of Philippine laws, statutes and codes not included or cited in the main indices of the Chan Robles Virtual Law Library. This page features the full text of Republic Act No. 6647 AN ACT FURTHER RESTRUCTURING THE IMPORT DUTY RATES AND CLASSIFICATION OF CERTAIN ARTICLES UNDER SECTION 104 OF THE TARIFF AND CUSTOMS CODE OF 1978 (PD 1464), AS AMENDED. REPUBLIC ACT NO. 6647
Section
1. The rates of import duties
and classification of certain articles under Section 104 of the Tariff
and Customs Code of 1978, as amended, are hereby modified as follows:chan
robles virtual law library (This voluminous portion indicating the rates is deleted) Sec.
2. Upon the date of effectivity
as specified in Column 4, all articles listed in the preceding section
insofar as amended by this Act which are entered, or withdrawn from
warehouses,
in the Philippines, for consumption, shall be subject to the rate of
import
duties prescribed in Column 3, in accordance with Section 104 the
Tariff
and Customs Code: Provided, That the term "Upon liberalization" under
Column
4 in the preceding section shall be in accordance with the schedules as
provided under Central Bank Circular Nos. 1127 and 1128 and such other
circulars issued in relation thereto.chan
robles virtual law library Sec.
3. The nomenclature and present
rates of import duty provided for under Presidential
Decree No. 1464, otherwise known as the "Tariff and Customs Code of
1978,"
as amended, for articles not physically reproduced herein and marked ".
. ." shall remain in full force and effect. chan
robles virtual law library
Sec. 4. The ad valorem rates herein of import duties indicated hereof shall be subject to modification by Congress after review and recommendation by the National Economic and Development Authority after one (1) year from the effectivity of the rates prescribed: Provided, That before any recommendation is submitted to Congress pursuant to this Section, the Tariff Commission shall conduct an investigation in the course of which shall hold public hearings wherein interested parties shall be afforded reasonable opportunity to be present, produce evidence and to be heard. The Tariff Commission shall also hear the views and recommendations of any government office, agency or instrumentality concerned. chan robles virtual law library Subject to the provisions of the preceding paragraph, the National Economic and Development Authority shall recommend to Congress the necessary adjustment in such specific rates of import duties indicates thereof after six (6) months from their effectivity: Provided, finally, That the President may not increase or decrease any ad valorem or specific duty rates herein provided when Congress is in session. Sec. 5. When an article falling within a heading or subheading is subject to an ad valorem or specific rate of duty, it shall be subject to either the ad valorem or specific rate of duty, whichever is higher. chan robles virtual law library Sec. 6. The Commissioner of Customs, subject to the approval of the Secretary of Finance shall promulgate rules and regulations necessary for the implementation of Section 5 hereof.cralaw Sec. 7. All laws, orders, issuances, rules and regulations or parts thereof inconsistent with this Act are hereby repealed or modified accordingly.cralaw Sec. 8. This act shall take effect upon approval.chan robles virtual law library Approved:
With Veto of Particular Items
January 29, 1988 (H. No. 992)
.
Back to Top - Back to Main Index - Back to Home Copyright ©1998-2006 by ChanRobles Publishing Company All Rights Reserved Since 19.07.98 |
|||
On-Line
Bar
Review
MCLE:
DebtKollect
Intellectual
Property
| |
|
|
