Authority to Collectors of Customs to Accept Certain Bonds to Facilitate the Transaction of Business with the Bureau of Customs
Act No. 3560, enacted on November 26, 1929, authorizes customs collectors in the Philippines to accept various types of general bonds to streamline operations with the Bureau of Customs. These bonds can cover several purposes, including the amendment of vessel manifests, payment of storage charges, and guarantees for customs duties on goods in bonded warehouses. Acceptable sureties include authorized surety companies, local corporations, partnerships, and qualified individuals. The Act aims to facilitate business transactions while ensuring the protection of customs revenue.
Quick Answers
- What is Authority to Collectors of Customs to Accept Certain Bonds to Facilitate the Transaction of Business with the Bureau of Customs about?
- Act No. 3560, enacted on November 26, 1929, authorizes customs collectors in the Philippines to accept various types of general bonds to streamline operations with the Bureau of Customs. These bonds can cover several purposes, including the amendment of vessel manifests, payment of storage charges, and guarantees for customs duties on goods in bonded warehouses. Acceptable sureties include authorized surety companies, local corporations, partnerships, and qualified individuals. The Act aims to facilitate business transactions while ensuring the protection of customs revenue.
- What type of law is Act No. 3560?
- Authority to Collectors of Customs to Accept Certain Bonds to Facilitate the Transaction of Business with the Bureau of Customs (Act No. 3560) is a Philippine Statutes enacted by the Congress of the Philippines.
- When was Authority to Collectors of Customs to Accept Certain Bonds to Facilitate the Transaction of Business with the Bureau of Customs enacted?
- Authority to Collectors of Customs to Accept Certain Bonds to Facilitate the Transaction of Business with the Bureau of Customs (Act No. 3560) was enacted on Nov 26, 1929.
- What is the citation for Authority to Collectors of Customs to Accept Certain Bonds to Facilitate the Transaction of Business with the Bureau of Customs?
- Authority to Collectors of Customs to Accept Certain Bonds to Facilitate the Transaction of Business with the Bureau of Customs, Act No. 3560, Nov 26, 1929 (Philippines)
Law Information
- Reference Number
- Act No. 3560
- Date Enacted
- Category
- Statutes
- Subcategory
- Acts
- Jurisdiction
- Philippines
- Enacting Body
- Congress of the Philippines
Full Law Text
November 26, 1929
ACT NO. 3560
AN ACT AUTHORIZING THE COLLECTORS OF CUSTOMS TO ACCEPT CERTAIN BONDS TO FACILITATE THE TRANSACTION OF BUSINESS WITH THE BUREAU OF CUSTOMS, AND FOR OTHER PURPOSES
SECTION 1. An addition to the bonds expressly authorized by the existing customs laws, in order to facilitate the transaction of business with the Bureau of Customs, collectors of customs are hereby authorized to accept general bonds with sufficient sureties for the following purposes:
1. Bond of importer or customs broker (a) to amend manifests of vessels; (b) for delivery of unexamined packages; and (c) to guaranty the payment of arrastre and storage charges;
2. To guaranty the payment of wharfage on merchandise exported;
3. To secure the payment of customs duties, internal-revenue taxes and other charges on imported goods deposited in a bonded warehouse;
4. To expedite delivery of fresh fruits, vegetables and shipments of bulk cargo, and goods cleared from the parcel department of the Manila Custom House;
5. To effect the periodical entry and exportation of merchandise under the provisions of the different paragraphs of the Tariff Act to be named in the bond;
6. To produce, for importations and exportations made from time to time, consular invoices, certificates of origin, meat certificates, landing certificates and similar documents exclusive of bills of lading; and
7. Any other bond with such conditions as will effectually expedite business and at the same time safeguard the customs revenue.
SECTION 2. For the purposes of this Act, the following sureties are acceptable: (a) surety companies authorized to do business in the Philippine Islands as such; (b) local corporations having power to execute bonds; (c) copartnerships granting power to members in articles or agreements to sign bonds; and (d) individuals qualified to act as sureties. aHADTC
SECTION 3. This Act shall take effect on its approval.
Approved, November 26, 1929.
Cite This Law
Authority to Collectors of Customs to Accept Certain Bonds to Facilitate the Transaction of Business with the Bureau of Customs, Act No. 3560, Nov 26, 1929 (Philippines)
Authority to Collectors of Customs to Accept Certain Bonds to Facilitate the Transaction of Business with the Bureau of Customs, Act No. 3560 (Phil. 1929)
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