Rules and Regulations Governing Operationalization of the Overseas Buying and Trading Agency
Letter of Instructions No. 972, issued on December 19, 1979, establishes operational guidelines for the Overseas Buying and Trading Agency (PHIL-BAI International Pty. Ltd.) focused on livestock, meat, and related imports from Oceania. It mandates accredited users to submit their import requirements annually and restricts importations to those benefiting the agency and the Philippine government. The Bureau of Customs is tasked with ensuring that only shipments from the agency are permitted entry, while the National Meat Inspection Commission is responsible for inspecting compliance among cold storage and processing facilities. Quarterly reports detailing import types, quantities, values, and end-users must be submitted to the Office of the President by key officials.
Quick Answers
- What is Rules and Regulations Governing Operationalization of the Overseas Buying and Trading Agency about?
- Letter of Instructions No. 972, issued on December 19, 1979, establishes operational guidelines for the Overseas Buying and Trading Agency (PHIL-BAI International Pty. Ltd.) focused on livestock, meat, and related imports from Oceania. It mandates accredited users to submit their import requirements annually and restricts importations to those benefiting the agency and the Philippine government. The Bureau of Customs is tasked with ensuring that only shipments from the agency are permitted entry, while the National Meat Inspection Commission is responsible for inspecting compliance among cold storage and processing facilities. Quarterly reports detailing import types, quantities, values, and end-users must be submitted to the Office of the President by key officials.
- What type of law is Letter of Instructions No. 972?
- Rules and Regulations Governing Operationalization of the Overseas Buying and Trading Agency (Letter of Instructions No. 972) is a Philippine Presidential Issuances enacted by the Congress of the Philippines.
- When was Rules and Regulations Governing Operationalization of the Overseas Buying and Trading Agency enacted?
- Rules and Regulations Governing Operationalization of the Overseas Buying and Trading Agency (Letter of Instructions No. 972) was enacted on Dec 19, 1979.
- What is the citation for Rules and Regulations Governing Operationalization of the Overseas Buying and Trading Agency?
- Rules and Regulations Governing Operationalization of the Overseas Buying and Trading Agency, Letter of Instructions No. 972, Dec 19, 1979 (Philippines)
Law Information
- Reference Number
- Letter of Instructions No. 972
- Date Enacted
- Category
- Presidential Issuances
- Subcategory
- Letters of Instructions
- Jurisdiction
- Philippines
- Enacting Body
- Congress of the Philippines
Full Law Text
December 19, 1979
LETTER OF INSTRUCTIONS NO. 972
| TO | : | The Governor, Central Bank of the Philippines |
| The Commissioner, Bureau of Customs | ||
| The Director, Bureau of Animal Industry |
In order to expedite the organization of and immediately make operational the Overseas Buying and Trading Agency established by Executive Order No. 572, the following rules and regulations are hereby promulgated:
1. The Overseas Buying and Trading Agency (PHIL-BAI International Pty. Ltd.) shall initially cover all kinds of livestock, meat and meat by-products including canned goods importations from Oceania, i.e. Australia, New Zealand, Papua New Guinea, etc.
2. Within the first fifteen (15) days of every calendar year, duly accredited livestock and meat users (livestock raisers, processors, hotels, restaurants, etc.) shall submit to PHIL-BAI International Pty. Ltd., thru the Bureau of Animal Industry, Ministry of Agriculture, their imported livestock and meat requirements and other data that the Agency may require.
3. The Central Bank shall not allow or authorize all cases of livestock and meat importations from Oceania whether or not covered by foreign exchange allocation except and unless the beneficiary is the PHIL-BAI International Pty. Ltd., thru the Bureau of Animal Industry, Ministry of Agriculture. Consignments and all modes of bringing in livestock and meat products into the country shall similarly be covered by this rule.
4. The Bureau of Customs: acd
a. Shall not allow any livestock, meat and meat products from Oceanis to be brought into or to enter the Philippines unless the shipper is the Government Buying and Trading Agency and the consignee-beneficiary is the Philippine Government or any of its authorized agencies.
b. Shall furnish the Buying and Trading Agency, thru the Bureau of Animal Industry, Ministry of Agriculture quarterly inventory of imported meat kept in any of its bonded warehouses/cold storage one week from the end of the corresponding quarter.
5. The National Meat Inspection Commission shall periodically and regularly inspect all bonded cold stores and meat processing plants to determine their compliance of existing rules, decrees, rules and regulations.
6. The Governor, Central Bank of the Philippines, the Commissioner, Bureau of Customs and the Director, Bureau of Animal Industry shall submit to the Office of the President, a detailed quarterly report of all livestock, meat and meat by-product importations from Oceania, specifically stating the following:
a) Type, quantity and value of importations
b) Ultimate end-users
This Letter of Instructions shall take effect immediately.
DONE in the City of Manila, this 19th day of December, in the year of Our Lord, Nineteen Hundred and Seventy-Nine. acd
Cite This Law
Rules and Regulations Governing Operationalization of the Overseas Buying and Trading Agency, Letter of Instructions No. 972, Dec 19, 1979 (Philippines)
Rules and Regulations Governing Operationalization of the Overseas Buying and Trading Agency, Letter of Instructions No. 972 (Phil. 1979)
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