Article 174p. 174

NATIONAL INTERNAL REVENUE CODE TAXATION, TARIFF and CUSTOMS LAWS

Provided, That the Office of Compensation and Position

Classification

shall be furnished a copy of the new

plantilla of positions incorporating the new designations

to be automatically included in its manual of positions:

Provided, further, That the reorganization shall not in any

way affect whatever benefits the officials and employees

of the Commission are allowed under existing law and/or

authority.

SECTION

504.

Official

Seal.

—

The

Commission

is

authorized to adopt an official seal.

SECTION

505. Functions of the Commission . — The

Commission shall investigate —

(a) the administration of, and the fiscal and industrial

effects of, the tariff and customs laws of this country now

in force or which may hereafter be enacted;

(b) the relations between the rates of duty on raw

materials and the finished or partly finished products;

(c) the effects of ad valorem and specific duties and of

compound specific and ad valorem duties;

(d) all questions relative to the arrangement of schedules

and classification of articles in the several schedules of

the tariff law;

(e) the tariff relations between the Philippines and foreign

countries, commercial treaties, preferential provisions,

economic alliances, the effect of export bounties and

preferential transportation rates;

(f) the volume of importation compared with domestic

production and consumption;

(g) conditions, causes, and effects relating to competition

of

foreign

industries

with

those

of

the

Philippines,

including dumping and cost of production;

(h) in general, to investigate the operation of customs and

tariff

laws,

including

their

relation

to

the

national

revenues, their effect upon the industries and labor of the

country, and to submit reports of its investigations as

hereinafter provided; and

(i) the nature and composition of, and the classification of,

articles according to tariff commodity classification and

heading number for customs revenue and other related

purposes which shall be furnished to NEDA, Board of

Investments, Central Bank of the Philippines, and Minister

of Finance.

SECTION 506. Assistance to the President and Batasang

Pambansa .

— In order that the President and the

Batasan may secure information and assistance, it shall

be the duty of the Commission to —

(a) Ascertain conversion costs and costs of production in

the

principal

growing,

producing

or

manufacturing

centers of the Philippines, whenever practicable;

(b) Ascertain conversion costs and costs of production in

the

principal

growing,

producing

or

manufacturing

centers of foreign countries of articles imported into the

Philippines whenever such conversion costs or costs of

production are necessary for comparison with those in

the Philippines;

(c) Select and describe representative articles imported

into the Philippines similar to, or comparable with, those

locally produced; select and describe articles of the

Philippines similar to, or comparable with, such imported

article; and obtain and file samples of articles so selected

whenever advisable;

(d) Ascertain import costs of such representative articles

so selected;

(e) Ascertain the grower's, producer's or manufacturer's

selling prices in the principal growing, producing or

manufacturing centers of the Philippines of the articles of

the Philippines so selected;

(f) Ascertain all other facts which will show the differences

in, or which affect competition between, articles of the

Philippines and those imported in the principal markets

of the Philippines.

(g) Ascertain conversion costs and costs of production

including

effects

of

tariff

modifications

or

import

restrictions on prices in the principal growing, producing

or manufacturing centers of the Philippines, whenever

practicable; and

(h) Submit annual reports of these to the President of the

Philippines, copy of which shall be furnished to the NEDA,

Central Bank of the Philippines, Ministry of Finance and

the Board of Investments.

SECTION

507.

Reports

of

the

Commission .

—

The

Commission shall place at the disposal of the President

and any member of the Batasang Pambansa or each

member thereof all information at its command; shall

make such investigation and report as may be required

by the President and the Batasang Pambansa and shall

report to the President and Batasan on the first Monday

of December of each year hereafter a statement of

methods adopted and a summary of all reports made

during the year.

SECTION 508. Access to Documents and Assistance to

the

Commission .

—

The

Commission

or

its

duly

authorized

representative

shall

have

access

to

any

document, paper or record, pertinent to the subject

matter under investigation, in the possession of any

person, firm, co-partnership, corporation or association

engaged in the production, importation or distribution of

any article under investigation, and shall have power to

summon witnesses, take testimony, administer oaths,

and

to

issue

subpoena

duces

tecum requiring the

production of books, papers or documents relating to the

matter under investigation. The Commission may also

request the views, recommendations and/or assistance of

any government office, agency or instrumentality, and

such office, agency or instrumentality shall cooperate

fully with the Commission.

SECTION 509. Sworn Statements . — The Commission may

order the taking of sworn statements at any stage of any

proceeding

or

investigation

before

it.

Such

sworn

statements may be taken before any person having

power to administer oaths.

SECTION 510. Verified Statements . — The Commission is

authorized to require any importer, grower, producer,

manufacturer or seller to file with the Commission a

statement, under oath, giving his selling prices in the

Philippines of any article imported, grown, produced,

fabricated or manufactured by him.

SECTION 511. Rules and Regulations of the Commission .

— The Commission shall adopt and promulgate such

rules and regulations as may be necessary to carry out

the provisions of this Code.

SECTION 512. Appropriation . — In addition to its current

appropriation the amount of Six Hundred Thousand

Pesos is hereby appropriated to carry out the purpose of

sections five hundred one and five hundred three of this

Code.

TITLE III Export Tariff and Premium Duty

SECTION 514. Export Products Subject to Duty and Rates .

— There shall be levied, assessed and collected an export

duty on the gross F.O.B. value at the time of shipment

based on the prevailing rate of exchange, of the following

products in accordance with the schedule specified in

the column Export Duty.

In addition to the export duties, herein referred to as basic

rate, there shall be levied, assessed and collected a

premium duty on the difference between the current

price as established by the Bureau of Customs and the

base price of the products in accordance with schedule

specified

under the column Premium Duty: Provided

That, should the current price of any export product be

below the established base price, then only the basic rate

shall be applied: Provided, further, That, initially, the base

price upon which the premium duty shall be levied shall

be eighty per centum (80%) of the F.O.B. value of the

exports

established

by

the

Bureau

of

Customs

for

© Compiled by RGL

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