Amending R.A. No. 4155 As Amended
Presidential Decree No. 754, issued on July 28, 1975, amends provisions of Republic Act No. 4155 concerning the importation of foreign leaf tobacco for blending purposes. The decree allows authorized Filipino-owned cigarette manufacturers to import foreign tobacco when local stocks are insufficient, with a cap of six million kilograms annually unless industry needs dictate otherwise. A 100% tariff is imposed on the landed cost of imported tobacco, capped at 14 pesos per kilogram. This amendment aims to better support local cigarette manufacturers and enhance government revenue without disrupting the market for locally-produced Virginia tobacco. The decree takes immediate effect.
Quick Answers
- What is Amending R.A. No. 4155 As Amended about?
- Presidential Decree No. 754, issued on July 28, 1975, amends provisions of Republic Act No. 4155 concerning the importation of foreign leaf tobacco for blending purposes. The decree allows authorized Filipino-owned cigarette manufacturers to import foreign tobacco when local stocks are insufficient, with a cap of six million kilograms annually unless industry needs dictate otherwise. A 100% tariff is imposed on the landed cost of imported tobacco, capped at 14 pesos per kilogram. This amendment aims to better support local cigarette manufacturers and enhance government revenue without disrupting the market for locally-produced Virginia tobacco. The decree takes immediate effect.
- What type of law is Presidential Decree No. 754?
- Amending R.A. No. 4155 As Amended (Presidential Decree No. 754) is a Philippine Presidential Issuances enacted by the Congress of the Philippines.
- When was Amending R.A. No. 4155 As Amended enacted?
- Amending R.A. No. 4155 As Amended (Presidential Decree No. 754) was enacted on Jul 28, 1975.
- What is the citation for Amending R.A. No. 4155 As Amended?
- Amending R.A. No. 4155 As Amended, Presidential Decree No. 754, Jul 28, 1975 (Philippines)
Law Information
- Reference Number
- Presidential Decree No. 754
- Date Enacted
- Category
- Presidential Issuances
- Subcategory
- Presidential Decrees
- Jurisdiction
- Philippines
- Enacting Body
- Congress of the Philippines
Full Law Text
July 28, 1975
PRESIDENTIAL DECREE NO. 754
AMENDING CERTAIN PROVISIONS OF REPUBLIC ACT NO. 4155, AS AMENDED
WHEREAS, there is an urgent necessity to make further amendments to existing laws governing the importation of foreign leaf tobacco for blending purposes in order to make them more responsive to the needs of the local cigarette manufacturers and thereby transform them into a more effective instrument by which the government may generate more revenue without unduly disturbing the price levels already attained by the locally-produced Virginia leaf tobacco; cd
NOW, THEREFORE, I, FERDINAND E. MARCOS, President of the Philippines, by virtue of the powers in me vested by the Constitution, do hereby decree and order that Section 4 of Republic Act No. 4155, as amended by Presidential Decree Nos. 62, 446 and 504, be further amended to read as follows: aisa dc
"Sec. 4. Importation of foreign leaf tobacco only for blending purposes.— No person will import leaf tobacco except as herein provided. When the Philippine Virginia Tobacco Administration believes that it is necessary to improve the quality of locally made cigarettes and there are no sufficient stocks of foreign leaf tobacco for blending purposes available in the country, it may authorize any bona-fide cigarette manufacturer, owned or controlled by Filipino citizens, to import foreign leaf tobacco for blending purposes, subject to limitation, requirements, rules and regulations to be promulgated by the Philippine Virginia Tobacco Administration. In no case shall the total importation into the country exceed six (6) million kilograms in any year unless the exigencies of the industry require otherwise. The tariff or tax to be imposed shall be an amount equivalent to one hundred per centum (100%) of its landed cost; Provided, however, That such tariff or tax shall not be more than Fourteen Pesos (P14.00) for every kilogram of imported foreign leaf tobacco irrespective of grade and cost." acd
This Decree is hereby made part of the law of the land shall take effect immediately.
DONE in the City of Manila, this 28th day of July, in the year of Our Lord, Nineteen Hundred and Seventy-Five.
Cite This Law
Amending R.A. No. 4155 As Amended, Presidential Decree No. 754, Jul 28, 1975 (Philippines)
Amending R.A. No. 4155 As Amended, Presidential Decree No. 754 (Phil. 1975)
Related Laws
- Amending Section 4 of R.A. No. 4155 As AmendedPresidential Decree No. 446 • May 7, 1974 • Presidential Issuances
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