Republic Acts1 min read
Section 6Sec./Art. 6
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Section 263 of the National Internal Revenue Code of 1997, as amended, is hereby further amended to read as follows:
"SEC. 263.Unlawful Possession or Removalof Articles Subject to Excise Tax Without Paymentof the Tax. -Any person who owns and/or is found in possession of imported articles subject to excise tax, the tax on which has not been p aid in accordance with law, or any person who owns and/or is found in possession of imported tax-exempt articles other than those to whom they are legally issued shall be punished by:
"(a) A fine of not less than One hundred thousand pesos (P100.000.00) but not more than Two hundred thousand pesos (P200,000.00} and imprisonment of not less than sixty (60) days but not more than one hundred (100) days if the appraised value, to be determined in the manner prescribed in Republic Act No. 10863, otherwise known as the . 'Customs Modernization and Tariff Act (CMTA)', including duties and taxes, of the articles does not exceed Two hundred fifty thousand pesos (P250,000.00);
"(b) xxx
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