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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
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.
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:chanrobles virtuallaw libraryred
(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insofar as amended by this Act which are entered, or withdrawn from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.chanrobles virtuallaw libraryred
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. chanrobles virtuallaw libraryred
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. chanrobles virtuallaw libraryred
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. chanrobles virtuallaw libraryred
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:red
Sec.
7. All laws, orders, issuances,
rules and regulations or parts thereof inconsistent with this Act are
hereby
repealed or modified accordingly.cralaw:red
Sec.
8. This act shall take effect
upon approval.chanrobles virtuallaw libraryred
Approved:
With Veto of Particular Items
January
29, 1988
(H.
No. 992)
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