[ Act No. 3560, November 26, 1929 ]

AN ACT AUTHORIZING THE COLLECTORS OF CUSTOMS TO ACCEPT CERTAIN BONDS TO FACILITATE THE TRANSACTION OF BUSINESS WITH THE BUREAU OF CUSTOMS, AND FOR OTHER PURPOSES.

Be it enacted by the Senate and House of Representatives of
the Philippines in Legislature assembled and by the authority of the
same:

SECTION 1. An addition to the bonds expressly authorized by the
existing customs laws, in order to facilitate the transaction of
business with the Bureau of Customs, collectors ot customs are hereby
authorized to accept general bonds with sufficient sureties for the
following purposes:
    

1. Bond of importer or customs broker (a) to amend manifests
   of vessels; (b) for delivery of unexamined packages; and (c) to guaranty
   the payment of arrastre and storage charges;     

   

2. To guaranty the payment of wharfage on merchandise exported;   

   

3. To secure the payment of customs duties, internal-revenue
   taxes and other charges on imported goods deposited in a bonded
   warehouse;   

   

4. To expedite of delivery of fresh fruits, vegetables and
   shipments of bulk cargo, and goods cleared from the parcel department of
   the Manila Custom House;   

   

5. To effect the periodical entry and exportation of
   merchandise under the provisions of the different paragraphs of the
   Tariff Act to be named in the bond;    

   

6. To produce, for importations and exportation made from
   time to time, consular invoices, certificates of origin, meat
   certificates, landing certificates and similar documents exclusive of
   bills of lading; and    

   

7. Any other bond with such conditions as will effectualy
   expedite business and at the same time safeguard the customs revenue. 

SEC. 2. For the purposes of this Act, the following sureties are acceptable: (a) surety companies authorized to do
business in the Philippine Islands as such; (b) local corporations
having power to execute bonds; (c) copartnerships granting power to
members in articles or agreements to sign bonds; and (d) individuals
qualified to act as sureties.
 

SEC. 3. This Act shall take effect on its approval.
 

Approved, November 26, 1929.

Source: Supreme Court E-Library