WHEREAS, there is a pressing need to revise
the Tariff and Customs Code of the Philippines under Republic Act No.
1937, as amended, so as to;chanroblesvirtualawlibrary
1) Simplify the present complicated tariff structure
and improve thereby the administration of customs;chanroblesvirtualawlibrary
2) Raise additional revenues;chanroblesvirtualawlibrary
3) Provide tariff protection to economically
desirable and deserving local industries;chanroblesvirtualawlibrary
4) Serve as an instrument for bargaining vis-a-vis
other countries;chanroblesvirtualawlibrary
5) Allocate properly available resources from
investment in non-essentials to investments in essential and exportable
goods; and
6) Prevent technical smuggling;chanroblesvirtualawlibrary
WHEREAS, I had certified to Congress in its last sessions a bill
enacted "Tariff and Customs Revision Act of 1972", as one of the
priority measures vital to the national economic development program of
the Government;chanroblesvirtualawlibrary
WHEREAS, it is necessary that the bill as finally passed by Congress be
further improved to suit the needs of the changing economic conditions
of the country;chanroblesvirtualawlibrary
WHEREAS, it is believed that the amendments introduced by this Decree
on the Tariff and Customs Revision Act of 1972" as approved by the
Congress is in the national interest and for the welfare of the people;chanroblesvirtualawlibrary
NOW, THEREFORE, I, FERDINAND E. MARCOS, President of the Philippines,
by virtue of the powers vested in me by the Constitution as
Commander-in-Chief of all the Armed Forces of the Philippines, and
pursuant to Proclamation No. 1081, dated September 21, 1972, and
General Order No. 1, dated September 22, 1972, as amended do hereby
decree and order that the amended Tariff and Customs Code of the
Philippines as approved by Congress and as further amended by this
Decree, is hereby adopted and approved, and made part of the law of the
land.
I further order that the Secretary of Finance, the Director- General of
the National Economic Development Authority and all other agencies of
the Government concerned take the steps necessary for the prompt and
effective implementation of this Decree.
This Decree shall be in full force and effect thirty (30) days after
its promulgation, except Section 104 of this Code (rates of import
duly) which shall take effect on January 1, 1973.
Done in the City of Manila,
this 27th day of October, in the year of Our Lord, nineteen hundred and
seventy two.
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