PRESCRIBING SAFEGUARDS FOR DOMESTIC INDUSTRIES UPON THE LIFTING OF IMPORT LICENSING FOR CERTAIN PRODUCTS

GRANTING AUTHORITY TO THE NATIONAL FOOD AUTHORITY TO IMPORT 300,000 METRIC TONS OF CORN AND INSTRUCTING THE DEPARTMENT OF FINANCE TO WAIVE THE DIFFERENCE BETWEEN THE OUT-QUOTA AND THE IN-QUOTA IMPORT DUTIES FOR THE SAID IMPORTATION, ALLOWING SUCH VOLUMES TO BE IMPORTED AT A 35% TARIFF, AND TO EARMARK THE TARIFF PROCEEDS FROM SUCH IMPORTATION AS PART OF THE AGRICULTURAL COMPETITIVENESS ENHANCEMENT FUND (CEF) CREATED UNDER REPUBLIC ACT 8178

AN ACT TO SAFEGUARD THE HEALTH OF THE PEOPLE AND TO MAINTAIN THE DIGNITY OF THE NATION BY DECLARING IT A NATIONAL POLICY TO PROHIBIT THE COMMERCIAL IMPORTATION OF TEXTILE ARTICLES COMMONLY KNOWN AS USED CLOTHING AND RAGS.

AN ACT AMENDING CERTAIN SECTIONS OF COMMONWEALTH ACT NUMBERED FOUR HUNDRED SIXTY-SIX, AS AMENDED, OTHERWISE KNOWN AS THE NATIONAL INTERNAL REVENUE CODE.