Republic Act No. 77


PHILIPPINE LAWS, STATUTES, CODES & ISSUANCES


PHILIPPINE LAWS, STATUTES AND CODES - CHAN ROBLES VIRTUAL LAW LIBRARY

REPUBLIC ACTS



REPUBLIC ACT NO. 77
AN ACT TO AMEND SECTION SIX OF THIS ACT, ENTITLED "AN ACT TO RAISE REVENUE FOR THE PHILIPPINE ISLANDS, AND FOR OTHER PURPOSES," APPROVED BY THE CONGRESS OF THE UNITED STATES ON AUGUST FIFTH, NINETEEN HUNDRED AND NINE, AS AMENDED BY ACT NUMBERED FORTY HUNDRED AND THIRTY-FOUR OF THE PHILIPPINE LEGISLATURE, BY PROVIDING A METHOD OF CONVERSION BASED ON THE CURRENT RATES OF EXCHANGE
Section 1. The second, third, and fourth paragraphs of section six of the Philippine Tariff Act of August fifth, nineteen hundred and thirty-four of the Philippine Legislature, otherwise known as the Parity Law, are hereby repealed to be superseded by a paragraph which shall read as follows:

"For the purpose of the assessment and collection of duties upon merchandise imported into the Philippines on or after the day of the enactment of this Act, wherever it is necessary to convert foreign currency into the currency of the Philippines, such conversion shall be made at the values proclaimed, from time to time, by the President upon recommendation of the Secretary of Finance, upon the basis, in so far as practicable, of the current rates of exchange."

Sec. 2. This Act shall take effect upon its approval.

Approved: October 21, 1946



chanrobles.com



ChanRobles Professional Review, Inc.

ChanRobles Professional Review, Inc. : www.chanroblesprofessionalreview.com
ChanRobles On-Line Bar Review

ChanRobles Internet Bar Review : www.chanroblesbar.com
ChanRobles CPA Review Online

ChanRobles CPALE Review Online : www.chanroblescpareviewonline.com
ChanRobles Special Lecture Series

ChanRobles Special Lecture Series - Memory Man : www.chanroblesbar.com/memoryman

REPUBLIC ACT NOS. 1 - 100                  

  • Republic Act No. 1

  • Republic Act No. 2

  • Republic Act No. 3

  • Republic Act No. 4

  • Republic Act No. 5

  • Republic Act No. 6

  • Republic Act No. 7

  • Republic Act No. 8

  • Republic Act No. 9

  • Republic Act No. 10

  • Republic Act No. 11

  • Republic Act No. 12

  • Republic Act No. 13

  • Republic Act No. 14

  • Republic Act No. 15

  • Republic Act No. 16

  • Republic Act No. 17

  • Republic Act No. 18

  • Republic Act No. 19

  • Republic Act No. 20

  • Republic Act No. 21

  • Republic Act No. 22

  • Republic Act No. 23

  • Republic Act No. 24

  • Republic Act No. 25

  • Republic Act No. 26

  • Republic Act No. 27

  • Republic Act No. 28

  • Republic Act No. 29

  • Republic Act No. 30

  • Republic Act No. 31

  • Republic Act No. 32

  • Republic Act No. 33

  • Republic Act No. 34

  • Republic Act No. 35

  • Republic Act No. 36

  • Republic Act No. 37

  • Republic Act No. 38

  • Republic Act No. 39

  • Republic Act No. 40

  • Republic Act No. 41

  • Republic Act No. 42

  • Republic Act No. 43

  • Republic Act No. 44

  • Republic Act No. 45

  • Republic Act No. 46

  • Republic Act No. 47

  • Republic Act No. 48

  • Republic Act No. 49

  • Republic Act No. 50

  • Republic Act No. 51

  • Republic Act No. 52

  • Republic Act No. 53

  • Republic Act No. 54

  • Republic Act No. 55

  • Republic Act No. 56

  • Republic Act No. 57

  • Republic Act No. 58

  • Republic Act No. 59

  • Republic Act No. 60

  • Republic Act No. 61

  • Republic Act No. 62

  • Republic Act No. 63

  • Republic Act No. 64

  • Republic Act No. 65

  • Republic Act No. 66

  • Republic Act No. 67

  • Republic Act No. 68

  • Republic Act No. 69

  • Republic Act No. 70

  • Republic Act No. 71

  • Republic Act No. 72

  • Republic Act No. 73

  • Republic Act No. 74

  • Republic Act No. 75

  • Republic Act No. 76

  • Republic Act No. 77

  • Republic Act No. 78

  • Republic Act No. 79

  • Republic Act No. 81

  • Republic Act No. 82

  • Republic Act No. 83

  • Republic Act No. 84

  • Republic Act No. 85

  • Republic Act No. 86

  • Republic Act No. 87

  • Republic Act No. 88

  • Republic Act No. 89

  • Republic Act No. 90

  • Republic Act No. 91

  • Republic Act No. 92

  • Republic Act No. 93

  • Republic Act No. 94

  • Republic Act No. 95

  • Republic Act No. 96

  • Republic Act No. 97

  • Republic Act No. 98

  • Republic Act No. 99

  • Republic Act No. 100