Republic Acts1 min read
Section 708Sec./Art. 708
Personal notes Saved on this device
0 / 5,000 charactersReport page issue
Answer First
Primary Text
Exchange Rate. For the assessment and collection of import duty upon imported goods and for other purposes, the value and prices thereof quoted in foreign currency shall be converted into the currency of the Philippines at the current rate of exchange or value specified or published, from time to time, by the Bangko Sentral ng Pilipinas (BSP).
CHAPTER 2
SPECIAL DUTIES AND TRADE REMEDY MEASURES
Use With Care
Definitions and exceptions often appear before or after this text.
Court decisions may interpret, limit, or apply this provision.
Confirm amendment, repeal, effectivity, and official publication.