Instructions Governing Importation of Equipment, etc. for Use in the 2nd Recycling World Congress and Exhibition
Letter of Instructions No. 826, issued on March 7, 1979, provides guidelines for the importation of equipment and goods for the Second Recycling World Congress and Exhibition in Manila. These items are exempt from customs duties and taxes if they are certified by the Minister of National Science Development Board and re-exported within 30 days after the event. An extension for re-exportation may be granted in meritorious cases. If the imported items are sold or disposed of to non-exempt entities, applicable duties and taxes will be collected. Foreign exhibitors can repatriate proceeds from such sales, subject to customs assessments and Central Bank regulations.
Quick Answers
- What is Instructions Governing Importation of Equipment, etc. for Use in the 2nd Recycling World Congress and Exhibition about?
- Letter of Instructions No. 826, issued on March 7, 1979, provides guidelines for the importation of equipment and goods for the Second Recycling World Congress and Exhibition in Manila. These items are exempt from customs duties and taxes if they are certified by the Minister of National Science Development Board and re-exported within 30 days after the event. An extension for re-exportation may be granted in meritorious cases. If the imported items are sold or disposed of to non-exempt entities, applicable duties and taxes will be collected. Foreign exhibitors can repatriate proceeds from such sales, subject to customs assessments and Central Bank regulations.
- What type of law is Letter of Instructions No. 826?
- Instructions Governing Importation of Equipment, etc. for Use in the 2nd Recycling World Congress and Exhibition (Letter of Instructions No. 826) is a Philippine Presidential Issuances enacted by the Congress of the Philippines.
- When was Instructions Governing Importation of Equipment, etc. for Use in the 2nd Recycling World Congress and Exhibition enacted?
- Instructions Governing Importation of Equipment, etc. for Use in the 2nd Recycling World Congress and Exhibition (Letter of Instructions No. 826) was enacted on Mar 7, 1979.
- What is the citation for Instructions Governing Importation of Equipment, etc. for Use in the 2nd Recycling World Congress and Exhibition?
- Instructions Governing Importation of Equipment, etc. for Use in the 2nd Recycling World Congress and Exhibition, Letter of Instructions No. 826, Mar 7, 1979 (Philippines)
Law Information
- Reference Number
- Letter of Instructions No. 826
- Date Enacted
- Category
- Presidential Issuances
- Subcategory
- Letters of Instructions
- Jurisdiction
- Philippines
- Enacting Body
- Congress of the Philippines
Full Law Text
March 7, 1979
LETTER OF INSTRUCTIONS NO. 826
| TO | : | The Minister of National Science Development Board |
| The Minister of Finance | ||
| The Governor, Central Bank of the Philippines | ||
| The Commissioner of Customs |
In connection with the Second Recycling World Congress and Exhibition which will be held in Manila on March 18 to 24, 1979, the following instructions are hereby issued: cd i
1. Importation of equipment, goods and articles which will be used exclusively in presentations/exhibits to be shown on the occasion of, and connected with, the Second Recycling World Congress and Exhibition shall, upon certification by and recommendation of the Minister, National Science Development Board, be exempt from the payment of customs duties, taxes and other assessments: Provided, That importation of such equipment, goods and articles is not prohibited under existing laws; Provided further, that such equipment, goods and articles are re-exported within thirty (30) days after termination of the Congress and Exhibition; Provided, finally, That the Minister of National Science Development Board may, in meritorious cases, grant an extension of not exceeding thirty (30) days to effect said re-exportation.
2. In the event that any such imported equipment, goods and articles is sold or otherwise disposed of to any person or entity other than a tax-exempt individual or entity, all customs duties, taxes and other assessments due thereon shall be levied, collected and paid. Disposition by sale or otherwise, of such equipment, goods and articles shall be made through the National Science Development Board. casia
3. Foreign Exhibitors who sell or otherwise dispose of any equipment, goods and articles imported pursuant to this Letter of Instructions shall be entitled to repatriate the proceeds of the sale or other disposition, minus customs duties, taxes and other assessment due thereon, at the prevailing rate of exchange; Provided, That the amount to be repatriated shall not at any time, exceed the ceiling prescribed by the Central Bank.
DONE in the City of Manila, this 7th day of March, in the year of Our Lord, Nineteen Hundred and Seventy-Nine. aisa dc
Cite This Law
Instructions Governing Importation of Equipment, etc. for Use in the 2nd Recycling World Congress and Exhibition, Letter of Instructions No. 826, Mar 7, 1979 (Philippines)
Instructions Governing Importation of Equipment, etc. for Use in the 2nd Recycling World Congress and Exhibition, Letter of Instructions No. 826 (Phil. 1979)
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