Amendments to Par. 71.02, 71.03 and 71.04 of Chap. 71, Sched. XIV of R.A. No. 1937 (Tariff and Customs Code)

June 19, 1960

REPUBLIC ACT NO. 3005

AN ACT TO AMEND PARAGRAPHS 71.02, 71.03 AND 71.04 OF CHAPTER 71, SCHEDULE XIV, OF REPUBLIC ACT NUMBERED NINETEEN HUNDRED THIRTY-SEVEN, OTHERWISE KNOWN AS TARIFF AND CUSTOMS CODE OF THE PHILIPPINES, AND FOR OTHER PURPOSES

SECTION 1. Paragraph 71.02 of Chapter 71, Schedule XIV of Republic Act Numbered Nineteen hundred thirty-seven, is hereby amended to read as follows:

"Precious and semiprecious stones,
unworked, cut or otherwise
worked, but neither set nor
strung (except ungraded stones
temporarily strung for convenience
of transport):
A.	Industrial diamonds	ad val. 10%
B.	Others	ad val. 150%"

SECTION 2. Paragraph 71.03 of Chapter 71, Schedule XIV of Republic Act Numbered Nineteen hundred thirty-seven, is hereby amended to read as follows:

	"Synthetic or reconstructed precious
	or semiprecious stones, unworked,
	cut or otherwise worked, but neither
	set nor strung (except ungraded
	stones temporarily strung for
	convenience of transport):   cda
A.	Industrial diamonds	ad. val. 10%
B.	Others	ad val. 100%"

SECTION 3. Paragraph 71.04 of Chapter 71, Schedule XIV of Republic Act Numbered Nineteen hundred thirty-seven, is hereby amended to read as follows:

"Dust and powder of natural or
synthetic precious or semiprecious
stones	ad val. 10%

SECTION 4. This Act shall take effect upon its approval.

Enacted without executive approval, June 19, 1960.

Published in the Official Gazette, Vol. 57, No. 21, p. 3870 on May 22, 1961