Bill Type
Congress Name
Long Title
AN ACT TO REDUCE THE CURRENTLY IMPOSED IMPORT DUTIES ON FINISHED MEDICINE AND ON RELATED RAW MATERIALS AND FOR OTHER PURPOSES
Date filed
July 17, 2001
Scope
Urgent Bill
No
Legislative History
| House Bill/Resolution NO. House Bill No. 1071, 12th Congress of the Republic | |
| FULL TITLE : AN ACT TO REDUCE THE CURRENTLY IMPOSED IMPORT DUTIES ON FINISHED MEDICINE AND ON RELATED RAW MATERIALS AND FOR OTHER PURPOSES | |
| ABSTRACT : SECTION 1. Pursuant to this Act, all import duties on finished medicines currently imposed at five (5%) percent shall be reduced to three percent (3%); Provided, That the said reduction shall be impsed only for five (5) years upon the effectivity ofthis Act; Provided, further, That such reduction shall be reviewed after five (5) years of its implementation and two (2) years thereafter to assess whether or not such reduction is indeed serving its purposes and intent. | |
| PRINCIPAL AUTHOR/S : BARINAGA, ROSELLER L. | |
| DATE FILED : 2001-07-17 | |
| SIGNIFICANCE: NATIONAL | |
| CO-AUTHORS (Journal Entries) : | |
| 1. Amin (064 ) | 2. Syjuco (023 ) |
| ADMINISTRATION BILL? No | |
| URGENT BILL? No | |
| ACTIONS TAKEN BY THE COMMITTEE ON RULES | |
| REFERRAL TO THE COMMITTEE ON WAYS AND MEANS ON 2001-07-25 |
Abstract
SECTION 1. Pursuant to this Act, all import duties on finished medicines currently imposed at five (5%) percent shall be reduced to three percent (3%); Provided, That the said reduction shall be impsed only for five (5) years upon the effectivity ofthis Act; Provided, further, That such reduction shall be reviewed after five (5) years of its implementation and two (2) years thereafter to assess whether or not such reduction is indeed serving its purposes and intent.
Disclaimer
Note: Legislative history and other information accessed from Congress Legis. Information as of April 20, 2022.