REPUBLIC ACT NO. 1768 - AN
ACT TO AMEND REPUBLIC ACT NUMBERED ONE THOUSAND THREE HUNDRED
NINETY-TWO, ENTITLED "AN ACT TO AMEND SECTION ELEVEN OF THE PHILIPPINE
TARIFF ACT OF 1909 AND EXEMPTING TEXTILES MADE OF ONE HUNDRED PER CENT
PHILIPPINE RAMIE FIBER FROM THE PAYMENT OF DUTY TO PROVIDE INCENTIVES
FOR THE DEVELOPMENT OF THE RAMIE INDUSTRY" |
Section 1.
Section one of Republic Act Numbered One thousand three hundred
ninety-two is amended to read as follows: "Section 1.
Ramie threads, yarns, textiles and industrial fabrics hereinafter also
called ramie goods, when processed abroad from one hundred per cent
ramie fiber grown in the Philippines and brought direct from the
farmer-producers or from any of their cooperatives by any government
agency designated by the President of the Philippines and by it
exported abroad in exchange therefor when their importation is made
through the government agency so designated by the President shall be
exempt from the payment of customs duties under the tariff laws in
force and the special import tax under Republic Act Numbered One
thousand three hundred ninety-four: Provided, That such tax-exempt
importation herein contemplated shall be allocated proportionately
among the original farmer-producers or any of their cooperatives from
whom the government agency herein specified obtained the ramie fiber
for processing abroad. "The exemption above granted shall cease two years after the date of approval of this amendatory Act or at any earlier date upon proclamation by the President, upon recommendation of the National Economic Council, to the effect that sufficient degumming, spinning and/or weaving mills to process the entire production of ramie fiber have been established in the country." Sec. 2. The title of Republic Act Numbered One thousand three hundred ninety-two is amended to read as follows: "An Act exempting textiles made
of one hundred per cent Philippine ramie fiber from the payment of duty
and the special import tax to provide incentives for the development of
the ramie industry." Sec. 3. This Act shall take effect upon its approval.cralaw Approved: June 21, 1957 |