Amendments to Certain Sections of P.D. No. 1464 (Tariff and Customs Code of 1978)
Presidential Decree No. 1679, issued on March 6, 1980, amends the Tariff and Customs Code of 1978 by eliminating the requirement for a consular invoice in the importation process. This change aims to simplify trade documentation and reduce delays and financial burdens on importers. Instead of the consular invoice, a commercial invoice must be authenticated by a Philippine consular officer for goods valued at three thousand pesos (?3,000) or more, with a fee of thirty dollars (US$30). The Ministry of Foreign Affairs, Central Bank, and Bureau of Customs are tasked with revising existing regulations accordingly. The decree takes effect immediately.
Quick Answers
- What is Amendments to Certain Sections of P.D. No. 1464 (Tariff and Customs Code of 1978) about?
- Presidential Decree No. 1679, issued on March 6, 1980, amends the Tariff and Customs Code of 1978 by eliminating the requirement for a consular invoice in the importation process. This change aims to simplify trade documentation and reduce delays and financial burdens on importers. Instead of the consular invoice, a commercial invoice must be authenticated by a Philippine consular officer for goods valued at three thousand pesos (?3,000) or more, with a fee of thirty dollars (US$30). The Ministry of Foreign Affairs, Central Bank, and Bureau of Customs are tasked with revising existing regulations accordingly. The decree takes effect immediately.
- What type of law is Presidential Decree No. 1679?
- Amendments to Certain Sections of P.D. No. 1464 (Tariff and Customs Code of 1978) (Presidential Decree No. 1679) is a Philippine Presidential Issuances enacted by the Congress of the Philippines.
- When was Amendments to Certain Sections of P.D. No. 1464 (Tariff and Customs Code of 1978) enacted?
- Amendments to Certain Sections of P.D. No. 1464 (Tariff and Customs Code of 1978) (Presidential Decree No. 1679) was enacted on Mar 6, 1980.
- What is the citation for Amendments to Certain Sections of P.D. No. 1464 (Tariff and Customs Code of 1978)?
- Amendments to Certain Sections of P.D. No. 1464 (Tariff and Customs Code of 1978), Presidential Decree No. 1679, Mar 6, 1980 (Philippines)
Law Information
- Reference Number
- Presidential Decree No. 1679
- Date Enacted
- Category
- Presidential Issuances
- Subcategory
- Presidential Decrees
- Jurisdiction
- Philippines
- Enacting Body
- Congress of the Philippines
Full Law Text
March 6, 1980
PRESIDENTIAL DECREE NO. 1679
AMENDING CERTAIN SECTIONS OF PRESIDENTIAL DECREE NO. 1464, OTHERWISE KNOWN AS THE TARIFF AND CUSTOMS CODE OF 1978
WHEREAS it is the policy of government to continually simplify and facilitate trade documentation and procedures;
WHEREAS, the consular invoice required under Sections 1309 and 1310 of the Tariff and Customs Code of 1978 causes delays in the importation of essential materials and likewise constitutes an added financial burden to importers.
NOW, THEREFORE, I, FERDINAND E. MARCOS, President of the Republic of the Philippines, by virtue of the powers vested in me by the Constitution, do hereby order and direct that:
SECTION 1. The consular invoice as a documentary requirement for importation to the Philippines as required under Sections 1309 and 1310 of Presidential Decree No. 1464, otherwise known as the Tariff and Customs Code of 1978, is hereby eliminated. Sections 1309, 1310, 1311, 1312, of the aforementioned decree are hereby amended to conform with the provisions of this decree.
SECTION 2. In lieu of the consular invoice, the commercial invoice required under Section 1308 of Presidential Decree No. 1464, shall be presented at the time of or before or immediately after the shipment of the articles to a consular officer of the Philippines for authentication. The seal of the Philippine Consulate shall be stamped on the commercial invoice and signed by the Consular Officer or his duly designated representative. Only commercial invoices which have a dutiable value of three thousand pesos (P3,000.00) and above shall be subject to authentication and to payment of a fee of thirty dollars (US$ 30.00).
SECTION 3. The Ministry of Foreign Affairs, the Central Bank and the Bureau of Customs shall revise all existing rules and regulations covering the consular invoice accordingly.
This Decree shall take effect immediately.
DONE in the City of Manila, this 6th day of March, in the year of Our Lord, Nineteen Hundred and Eighty. acd
Published in the Official Gazette, Vol. 76 No. 18 Page 2807 on May 5, 1980.
Cite This Law
Amendments to Certain Sections of P.D. No. 1464 (Tariff and Customs Code of 1978), Presidential Decree No. 1679, Mar 6, 1980 (Philippines)
Amendments to Certain Sections of P.D. No. 1464 (Tariff and Customs Code of 1978), Presidential Decree No. 1679 (Phil. 1980)
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