Bill Type
Congress Name
Long Title
AN ACT AMENDING CERTAIN PROVISIONS OF PRESIDENTIAL DECREE NO. 1464, OTHERWISE KNOWN AS THE TARIFF AND CUSTOMS CODE OF THE PHILIPPINES, AS AMENDED, AND FOR OTHER PURPOSES(RE: ALTERNATIVE METHODS IN THE VALUATION OF IMPORTED ARTICLES)
Date filed
July 27, 1999
Scope
Urgent Bill
No
Legislative History
| House Bill/Resolution NO. HB08011 | |
| FULL TITLE : AN ACT AMENDING CERTAIN PROVISIONS OF PRESIDENTIAL DECREE NO. 1464, OTHERWISE KNOWN AS THE TARIFF AND CUSTOMS CODE OF THE PHILIPPINES, AS AMENDED, AND FOR OTHER PURPOSES(RE: ALTERNATIVE METHODS IN THE VALUATION OF IMPORTED ARTICLES) | |
| ABSTRACT : Rationale: The TRANSACTION VALUE METHOD as provided under RA 8181 is prone to abuse. Thus, this bill seeks to provide alternative methods in the valuation of imported articles subject to ad valorem rate of duty. | |
| PRINCIPAL AUTHOR/S : TEVES, HERMINIO G. | |
| DATE FILED : 1999-07-27 | |
| SIGNIFICANCE: NATIONAL | |
| CO-AUTHORS : | |
| 1. | 2. |
| 3. | 4. |
| 5. | 6. |
| 7. | 8. |
| 9. | 10. |
| 11. | 12. |
| AUTHORSHIP WITHDRAWALS: | |
| (1999-12-03) | |
| () | |
| ADMINISTRATION BILL? No | |
| URGENT BILL? No | |
| ACTIONS TAKEN BY THE COMMITTEE | |
| MOTHER BILL: HB08623 | |
| ACTIONS TAKEN BY THE COMMITTEE ON RULES | |
| REFERRAL TO THE COMMITTEE ON WAYS AND MEANS ON 1999-08-04 |
Abstract
Rationale: The TRANSACTION VALUE METHOD as provided under RA 8181 is prone to abuse. Thus, this bill seeks to provide alternative methods in the valuation of imported articles subject to ad valorem rate of duty.
Disclaimer
Note: Legislative history and other information accessed from Congress Legis. Information as of April 20, 2022.