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PRESIDENTIAL DECREE NO. 1526



PRESIDENTIAL DECREE NO. 1526  - AMENDING HEADING 56.02, CHAPTER 56 OF THE  REVISED TARIFF AND CUSTOMS CODE OF THE  PHILIPPINES

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WHEREAS, it has become necessary to update the  provisions of the Tariff and Customs Code in order to  make it more responsive to ever changing business conditions;  chanroblesvirtualawlibrary

WHEREAS, Presidential Decree No. 1258-A was  promulgated to rectify a deficiency of Presidential Decree  No. 750 by providing a uniform tariff on all importations  of acetate tow;  chanroblesvirtualawlibrary

WHEREAS, the existing provisions of P.D. No.  1258-A are still inadequate to carry out its declared intention  of doing away with the classification into two  categories of acetate tow importation resulting in  discrimination, considering that while filter rod  manufacturers have to pay 20% ad valorem duties when they  import acetate tow, other users may import the same  materials at only 10% ad valorem duties, thereby  resulting in different rates of duties for the same kind of  importations; and

WHEREAS, in order to correct this discriminatory  situation, there is a need to remove the classification or  distinction between filter rod manufacturers who import  acetate tow and other users who import the same  material, so that they will both have to pay a uniform rate  of 10% ad valorem duties on their acetate tow importations.

NOW, THEREFORE, I, FERDINAND E. MARCOS,  President of the Philippines, by virtue of the powers  in me vested by the Constitution, and in view of the  above premises, do hereby decree and order:  chanroblesvirtualawlibrary

Section 1.    Heading No. 56.02, Chapter 56 of  the Revised Tariff and Customs Code of the Philippines,  as amended by Presidential Decrees Nos. 34 and 1258-A,  is hereby further amended to read as follows:cralaw:red

"56.02    Continuous filament tow for the  manufacture of man-made fibres (discontinuous):cralaw:red

    A.     Articles not included in sub-heading
B hereof     ad val. 10%

    B.     Polyester filament tow, except when 
imported directly by textile spinning mills  under prior
joint authorization of the Tariff  Commission and the
Board of Investments    ad val 30%  chanroblesvirtualawlibrary

Section 2.    All laws, decrees, orders, rules, and  regulations or parts thereof inconsistent with any of the  provisions of this Decree are hereby repealed or modified  accordingly.

Section 3.    This Decree shall take effect immediately.

DONE in the City of Manila, this 11th day of June,  in the year of Our Lord, nineteen hundred and seventy-eight.


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