(REPEALED BY REPUBLIC ACT NO. 1394)
Section 1. Sections one and two of Republic Act
Numbered Six hundred one, as amended, are further amended to read as
follows:
"Section 1.
Except as herein otherwise provided, there shall be assessed,
collected, and paid a special excise tax of seventeen per centum on the
value of the Philippine peso of foreign exchange sold and/or authorized
to be sold by the Central Bank of the Philippines or any of its agents
until June thirteenth, nineteen hundred and fifty-five.
"Sec. 2.
The tax provided for in section one of this Act shall not be collected
on foreign exchange used for the payment of the cost, transportation
and/or other charges incident to importation into the Philippines on
flour, canned milk, canned beef, canned fish, chocolate, malt,
stabilizer and flavors , vitamin concentrate; supplies and equipment
purchased directly by the Government or any of its instrumentalities,
for its own exclusive use; machinery, equipment, accessories, and spare
parts, for the use of industries, miners, mining enterprises, planters
and farmers; and fertilizers when imported by planters or farmers
directly or through their cooperatives; articles or containers used,
including materials for the manufacture of tin containers used by the
importer himself in the manufacture or preparation of local products
for consignment or export abroad; textbooks, reference books, and
supplementary readers approved by the Board on Textbooks and/or
established public or private educational institutions; paper imported
by publishers for their exclusive use in the publication of books,
pamphlets, magazines and newspapers; carbides, explosives and dynamite
for mining purposes; drugs, and medicines, and medical and hospital
supplies listed in the appendix of this Act; payment in respect of
reinsurance; spare parts to be used in the repair of vessels of
Philippine registry orrplanes and such other parts thereof as may be
certified by the Hulls and Boilers Division of the Bureau of Customs or
the Civil Aeronautics Administration, respectively, as essential to the
maintenance of vessels orrplanes payment of purchase price of vessels
or ships or any kind or nature intended for Philippine registry, ninety
per cent of the ownership of which belongs exclusively to Filipinos, or
charter fees ofrplanes and vessels of Philippine register; remittances
for payment of principal and interests of foreign loan contracted under
obligation of the Philippine Government or any of its
instrumentalities; payment of premiums by veterans on life insurance
policies under the Government or any of its instrumentalities; payment
of premiums and other amounts due by policyholders on life insurance
policies issued before December nine, nineteen hundred and forty-nine,
and payment of machinery and/or raw materials to be used by new and
necessary industries as determined in accordance with Republic Act
Numbered Thirty-five."
Sec. 2. This Act shall take effect upon its
approval.
Approved: June 18, 1954
APPENDIX
DRUGS AND MEDICINES
1. Adrenalin (Epinephrine) Chloride and preparations
2. Aluminum Hydroxide preparations
3. Amebacides except emetine preparations
4. Amino Acid preparations, solutions, parenteral
5. Antihelmintic preparations except calomel, santonin
6. Antihistaminic preparations
7. Antihypertension and vasodilator agents
8. Anti-Leprosy preparations
9. Antimalarias except quinine preparations
10. Antipyretics not manufactured locally
11. Antisyphilitic preparations
12. Antitetanic serum
13. Aureomycin preparations
14. B-Complex Capsules
15. Barbiturates and their preparations
16. blood testing serums and solutions
17. Cardiac stimulants except aminophylline
preparations
18. Castor Oil
19. Cathartic Pills Compound
20. Chenopodium Oil
21. Chlorazene Tablets and similar preparations
22. Chloromycetin preparations
23. Coagulants
24. Cortisone Acetate preparations
25. Curare products and similar preparations
26. Diagnostic Reagents
27. Digitalin and other digitalis preparations
28. Diptheria Antitoxin and other immunological
preparations
29. Diptheria Toxoid
30. Discoids of Hydrocyanic Acid (HCN) for fumigation
work
31. Drugs (crude or otherwise), chemicals (simple or
compound) for pharmaceutical manufacture and chemicals to be used for
the eradication of plant insects and pests
32. Drugs and medicines for the use of the dental and
veterinary professions
33. Ergot preparations and derivatives
34. Ferrous Sulphate preparations
35. Gas Gangrene Antitoxin
36. Gland products and synthetic substitutes
37. heparin derivatives
38. homogenized baby Foods (vegetables, fruits and
meats)
39. Hormone preparations
40. Hydrogen peroxide preparations
41. HTH � Commercial
42. Insulin preparations, all forms
43. Laboratory Stains
44. Liquor Cresolis Compositus and other disinfectants
45. Liver Extract preparations
46. Magnesium Hydroxide preparations
47. Magnesium Trisilicate compounds
48. Mercurial Diuretics
49. Mercurochrome, crystals
50. Merthiolate preparations
51. Multivitamin Capsules
52. Neomycin and preparations
53. Novacain and other anaesthetics for general,
spinal, intravenous, local or dental use
54. Opium, its alkaloids and their salts, its
derivatives, their preparations and synthetic substitutes
55. Pancreatic extracts preparations
56. Plasma
57. Pregnenolon Acetate and preparations
58. protein Solutions, powders and compounds
59. Quarternary Ammonium compounds and other
fungicidal agents
60. Saccharine preparations and substitutes
61. Salt Substitutes
62. Similac, Klim, Lactogen and other dehydrated
powdered milk
63. Sulphur
64. Terramycin and preparations
65. Tuberculin Tablets PPD, 1st and 2nd Tests
66. Vitamin preparations not manufactured locally in
sufficient quantities
67. Drugs specialties not manufactured locally
68. Anti-biotics (bulk)
69. Tetracyn and preparations
70. Achromycin and preparations
71. Cyanide for mining purposes
MEDICAL AND HOSPITAL SUPPLIES
1. Applicators, wood
2. Bandage, gauze
3. Bandage, specialists, Plaster of Paris
4. Cotton, Absorbent
5. Dental instruments and supplies
6. Diagnostic instruments
7. Droppers, medicine
8. Electro Medical equipment
9. Gauze, plain
10. Gauze, sponges
11. Jelly, lubricating, pain or anaesthetics
12. Major operating table (not examining table)
13. Needless, hypo, all sizes
14. Operating lights
15. Optometric instruments and supplies
16. Pads, obstetrical
17. Plasters, adhesive, all sizes
18. Sterilizers, autoclaves
19. Surgical instruments
20. Surgical, crinoline
21. Sutures, all kinds and sizes
22. Syringes, hypo, all sizes
23. X-Ray films, developers and fixers
24. X-Ray equipment and supplies
25. Radium for therapy
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