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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.



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Republic Acts :

REPUBLIC ACTS

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REPUBLIC ACT NO. 1490
REPUBLIC ACT NO. 1490 - AN ACT DECLARING SHORTAGES IN CERTAIN CONSTRUCTION MATERIALS AND AUTHORIZING THE PRESIDENT OF THE PHILIPPINES TO REDUCE TARIFF RATES FOR SUCH CONSTRUCTION MATERIALS




Section 1.    In view of the shortage of the materials hereinafter specified, the President of the Philippines, upon prior investigation by and recommendation of the National Economic Council, which shall conduct public hearings to determine the acuteness of the shortage demanding the reduction considering public interest, is hereby authorized to reduce the present rates of tariff duty provided under existing law by not more than the corresponding percentage as follows: 

1.    Cement     70%

2.    Steel, reinforcing and structural    75%

3.    Asphalt     100%

4.    G.I. sheets and building hardwares    75%

5.    Pipes and plumbing materials    75%

6.    Electric wires     75%

Sec. 2.    The authority herein granted and the rates as reduced by the President under the authority of this Act shall terminate upon the enactment of a new tariff law.cralaw

Sec. 3.    This Act shall take effect upon its approval.cralaw

Approved: June 16, 1956 

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