REPUBLIC ACT NO. 2353 - AN ACT TO
FURTHER AMEND SECTION ONE OF REPUBLIC ACT NUMBERED ONE THOUSAND THREE
HUNDRED NINETY-TWO, AS AMENDED BY REPUBLIC ACT NUMBERED ONE THOUSAND
SEVEN HUNDRED SIXTY-EIGHT, ENTITLED "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" |
Section 1. Section one of Republic Act Numbered One thousand
three hundred ninety-two, as amended by Republic Act Numbered One
thousand seven hundred sixty-eight, is further 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 bought 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: 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: Provided,
further, That only ramie fibers produced in excess of the local
requirement of ten thousand eight hundred (10,800) two-picul bales per
annum plus any portion of the said ten thousand eight hundred (10,800)
two-picul bales which cannot be absorbed by local manufacturers due to
unforeseen or fortuitous events shall be entitled to the benefits of
this Act: And provided, finally, That should existing facilities of
local manufacturers either through expansion or construction of new
mills or otherwise, require ramie fibers in excess of ten thousand
eight hundred (10,800) two-picul bales, and the same is certified to by
the National Economic Council, such excess requirement should first be
filled up before the benefits of this Act could be availed of. "The exemption above granted
shall cease on December thirty-first, nineteen hundred sixty 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. No dollar allocation shall be granted to the producers, their cooperatives or to the Agricultural Credit and Cooperative Financing Administration for the purpose of carrying out the purposes of this Act unless upon certification by the Philippine Embassy in Japan that no processor in Japan agrees to process Philippine ramie fiber unless paid in dollars.cralaw Sec. 3. 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 to provide incentives for the development of the ramie industry." Sec. 4. This Act shall take effect upon its approval.cralaw Approved: June 20, 1959 |