Amendment to R.A. No. 1937 (Tariff and Customs Code)
Republic Act No. 5988, enacted on August 4, 1969, amends specific provisions of the Tariff and Customs Code of the Philippines, particularly regarding the classification and taxation of various polyacids and their derivatives. The amendment details the applicable duties on substances such as phthalate and phosphate plasticizers, sebacates, and epoxidized oils, specifying rates based on net weight or ad valorem percentages. The act establishes a uniform duty of P1.00 per kilogram or a 75% ad valorem rate for most listed items, with a lower rate of 40% for others. This law took effect immediately upon its approval and was published in the Official Gazette.
Law Information
- Reference Number
- Republic Act No. 5988
- Date Enacted
- Category
- Statutes
- Subcategory
- Republic Acts
- Jurisdiction
- Philippines
- Enacting Body
- Congress of the Philippines
Full Law Text
August 4, 1969
REPUBLIC ACT NO. 5988
AN ACT AMENDING PARAGRAPH 29.15, CHAPTER 29, SCHEDULE VI OF SECTION ONE HUNDRED FOUR OF REPUBLIC ACT NUMBERED NINETEEN HUNDRED THIRTY-SEVEN, KNOWN AS THE TARIFF AND CUSTOMS CODE OF THE PHILIPPINES
SECTION 1. Paragraph 29.15, Chapter 29, Schedule VI of Section one hundred four of Republic Act Numbered Nineteen hundred thirty-seven is hereby amended to read as follows: acd
"29.15 Polyacids and their anhydrides, acid halides, acid peroxides and peracids, and their halogenated, sulphonated, nitrated, or nitrosated derivatives:
| a. | Phthalate plasticizers, esters of phthalic anhydride | n.w. kg. P1.00 or ad val. 75% |
| b. | Phosphate plasticizers, esters of phosphorous oxychloride | n.w. kg. P1.00 or ad val. 75% |
| c. | Sebacates, adipates, and azelates, esters of sebacic, | n.w. kg. P1.00 or ad val. 75% |
| d. | Epoxidized oils, esters of epoxidized oils | n.w. kg. P1.00 or ad val. 75% |
| e. | Mixtures containing alkyl phthalates | n.w. kg. P1.00 or ad val. 75% |
| f. | Other | ad val. 40%" |
SECTION 2. This Act shall take effect upon its approval.
Enacted without Executive approval, August 4, 1969.
Published in the Official Gazette, Vol. 66, No. 13, p. 3130 on March 30, 1970
Cite This Law
Amendment to R.A. No. 1937 (Tariff and Customs Code), Republic Act No. 5988, Aug 4, 1969 (Philippines)
Amendment to R.A. No. 1937 (Tariff and Customs Code), Republic Act No. 5988 (Phil. 1969)
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