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Republic Act
Approved September 10, 1955

Republic Act No. 1420

An act to prohibit the so-called "no-dollar" imports except under certain conditions.

AN ACT TO PROHIBIT THE SO-CALLED "NO-DOLLAR" IMPORTS EXCEPT UNDER CERTAIN CONDITIONS.

In plain language

This law prohibits the importation of goods into the Philippines under the so‑called “no‑dollar remittance” system, except for specified categories and conditions, and establishes penalties for violations.

  • Prohibition of no‑dollar imports except specified categories
  • Seizure and confiscation of violating goods
  • Imprisonment up to one year for willful violations
  • Empowerment of Department of Commerce and Industry to issue rules
  • Repeal of conflicting laws
Trade
Customs
Importation
No-dollar remittance

REPUBLIC ACT No. 1420

An Act Changing the Name of the Municipal District of Maguing, Province of Lanao, to Municipal District of Lumba Bayabao

Be it enacted by the Senate and House of Representatives of the Philippine Congress Assembled:

Section 1

The name of the Municipal District of Maguing, Province of Lanao, is changed to Municipal District of Lumba Bayabao.

Section 2

This Act shall take effect upon its approval.

Approved: June 10, 1956.

For information and research only, and not legal advice. This text may not reflect later amendments. For certified copies, refer to the Official Gazette or the issuing agency.