Amendment to Sec. 5 of R.A. No. 663, as amended Re: National Rice and Corn Corp.
Republic Act No. 2082, enacted on June 14, 1958, amends Section 5 of Republic Act No. 663 concerning import duty exemptions for the Corporation involved in rice and corn production. The law provides exemptions from import duties on rice, corn, and necessary supplies for demonstration farming, contingent upon certification of a shortage by the President and the Secretary of Agriculture. These exemptions are limited to one year and prohibit the conversion of imported corn or rice into commercial starch. Violations of this act incur severe penalties, including imprisonment and fines. The law takes effect upon approval.
Quick Answers
- What is Amendment to Sec. 5 of R.A. No. 663, as amended Re: National Rice and Corn Corp. about?
- Republic Act No. 2082, enacted on June 14, 1958, amends Section 5 of Republic Act No. 663 concerning import duty exemptions for the Corporation involved in rice and corn production. The law provides exemptions from import duties on rice, corn, and necessary supplies for demonstration farming, contingent upon certification of a shortage by the President and the Secretary of Agriculture. These exemptions are limited to one year and prohibit the conversion of imported corn or rice into commercial starch. Violations of this act incur severe penalties, including imprisonment and fines. The law takes effect upon approval.
- What type of law is Republic Act No. 2082?
- Amendment to Sec. 5 of R.A. No. 663, as amended Re: National Rice and Corn Corp. (Republic Act No. 2082) is a Philippine Statutes enacted by the Congress of the Philippines.
- When was Amendment to Sec. 5 of R.A. No. 663, as amended Re: National Rice and Corn Corp. enacted?
- Amendment to Sec. 5 of R.A. No. 663, as amended Re: National Rice and Corn Corp. (Republic Act No. 2082) was enacted on Jun 14, 1958.
- What is the citation for Amendment to Sec. 5 of R.A. No. 663, as amended Re: National Rice and Corn Corp.?
- Amendment to Sec. 5 of R.A. No. 663, as amended Re: National Rice and Corn Corp., Republic Act No. 2082, Jun 14, 1958 (Philippines)
Law Information
- Reference Number
- Republic Act No. 2082
- Date Enacted
- Category
- Statutes
- Subcategory
- Republic Acts
- Jurisdiction
- Philippines
- Enacting Body
- Congress of the Philippines
Full Law Text
June 14, 1958
REPUBLIC ACT NO. 2082
AN ACT TO FURTHER AMEND SECTION FIVE OF REPUBLIC ACT NUMBERED SIX HUNDRED AND SIXTY-THREE, AS AMENDED BY REPUBLIC ACT NUMBERED TWO THOUSAND SEVENTEEN
SECTION 1. Section five of Republic Act Numbered Six hundred and sixty-three, as amended by Republic Act Numbered Two thousand seventeen, is hereby further amended to read as follows:
"SEC. 5. In order to enable the Corporation to exercise the powers and duties vested in it by this Act: cdt
"(a) The Corporation is hereby exempted from the payment of import duty on rice and corn, and on such supplies, machinery and equipment such as fertilizer and lime as may be necessary for demonstration farming: Provided, That the exemptions granted under this Act shall be availed of only upon recommendation of the Board of Directors of the Corporation and certified by the Secretary of Agriculture and Natural Resources and upon certification by the President that there is a rice or corn shortage, and only for the amount specified in said certification: Provided, further, That all exemptions from taxes granted under this Act shall be for a period of not exceeding one year from the enactment hereof: And provided, finally, That no corn or rice imported by the Corporation under this Act shall be converted into starch in commercial quantity and any person or corporation violating this Act shall, upon conviction by competent court, be punished by imprisonment of not less than five years nor more than eight years and a fine of eight thousand pesos. If the violation is committed by a corporation, the official of the corporation responsible for the violation shall suffer the penalties provided in this Act."
SECTION 2. This Act shall take effect upon its approval.
Approved: June 14, 1958
Published in the Official Gazette, Vol. 54, No. 18, p. 5129 on August 11, 1958
Cite This Law
Amendment to Sec. 5 of R.A. No. 663, as amended Re: National Rice and Corn Corp., Republic Act No. 2082, Jun 14, 1958 (Philippines)
Amendment to Sec. 5 of R.A. No. 663, as amended Re: National Rice and Corn Corp., Republic Act No. 2082 (Phil. 1958)
Related Laws
- Amendment to R.A. No. 663 Re: National Rice and Corn CorporationRepublic Act No. 2017 • Jun 22, 1957 • Statutes
- Creation of National Rice and Corn CorporationRepublic Act No. 663 • Jun 16, 1951 • Statutes
- Amendments to R.A. No. 3452 Re: Palay, Rice and Corn Price Stabilization ProgramRepublic Act No. 4643 • Mar 8, 1966 • Statutes
- Amendments to NIRC Re: Tax on Rice and Corn MillsRepublic Act No. 3704 • Jun 22, 1963 • Statutes
- Rice and Corn Production Act of 1958Republic Act No. 1146 • Jun 17, 1954 • Statutes
- Rice and Corn Industry ActRepublic Act No. 3018 • Aug 2, 1960 • Statutes
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