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PHILIPPINE LAWS, STATUTES & CODES
A collection of Philippine laws, statutes and codes not included or cited in the main indices of the Chan Robles Virtual Law Library.
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REPUBLIC ACT NO. 1490 - AN ACT
DECLARING SHORTAGES IN CERTAIN CONSTRUCTION MATERIALS AND AUTHORIZING
THE PRESIDENT OF THE PHILIPPINES TO REDUCE TARIFF RATES FOR SUCH
CONSTRUCTION MATERIALS |
Section 1. In
view of the shortage of the materials hereinafter specified, the
President of the Philippines, upon prior investigation by and
recommendation of the National Economic Council, which shall conduct
public hearings to determine the acuteness of the shortage demanding
the reduction considering public interest, is hereby authorized to
reduce the present rates of tariff duty provided under existing law by
not more than the corresponding percentage as follows: 1. Cement 70% 2. Steel, reinforcing and structural 75% 3. Asphalt 100% 4. G.I. sheets and building hardwares 75% 5. Pipes and plumbing materials 75% 6. Electric wires 75% Sec. 2. The authority herein granted and the rates as reduced by the President under the authority of this Act shall terminate upon the enactment of a new tariff law.cralaw
Sec. 3. This Act shall take effect upon its
approval.cralaw Approved: June 16, 1956 |