PHILIPPINE LAWS, STATUTES, CODES & ISSUANCES
PHILIPPINE LAWS, STATUTES AND CODES
REPUBLIC ACTS
REPUBLIC ACT NO. 1196 - AN
ACT TO AMEND REPUBLIC ACT NUMBERED NINE HUNDRED ELEVEN, ENTITLED "AN
ACT CREATING A TARIFF COMMISSION, DEFINING ITS POWERS, AND FOR OTHER
PURPOSES," BY INSERTING BETWEEN SECTION EIGHTEEN AND NINETEEN OF SAID
ACT A NEW SECTION TO BE KNOWN AS SECTION EIGHTEEN-A |
Section 1.
Republic Act Numbered Nine hundred eleven is hereby amended by
inserting between sections eighteen and nineteen thereof a new section
to be known as section eighteen-A which shall read as follows: "Section 18-A.
The President, upon prior investigation by and recommendation of the
commission, is hereby empowered to decrease by not more than sixty per
centum or to increase by not more than ten times the rates of import
duty however established when in his judgment such reduction or
increase is necessary in the interest of national economy, general
welfare, and national defense, any other provision of this Act to the
contrary notwithstanding: Provided, That such rates shall be effective
until modified by Congress: Provided, further, That the authority
herein granted to the President shall expire on December thirty-one,
nineteen hundred and fifty-five."
Sec. 2. This Act shall take effect upon its approval. Approved: August 25, 1954 |