Revised Penal Code Amendment
Approved June 13, 1958More laws from 1958 →

Republic Act No. 2073

An act to amend paragraphs 73.11 and 73.21 of chapter 73, schedule xv, of republic act numbered nineteen hundred thirty-seven, otherwise known as tariff and customs code of the philippines, and for other purposes

In plain language

This act amends the Tariff and Customs Code of the Philippines by adjusting the ad valorem tax rates for specific iron and steel products, including angles, shapes, sections, sheet piling, and assembled structural elements.

REPUBLIC ACT No. 2073

AN ACT TO AMEND PARAGRAPHS 73.11 AND 73.21 OF CHAPTER 73, SCHEDULE XV, OF REPUBLIC ACT NUMBERED NINETEEN HUNDRED THIRTY-SEVEN, OTHERWISE KNOWN AS TARIFF AND CUSTOMS CODE OF THE PHILIPPINES, AND FOR OTHER PURPOSES

Section 1

Paragraph 73.11 of Chapter 73, Schedule XV, of Republic Act Numbered Nineteen hundred thirty-seven is hereby amended to read as follows:

| "73.11 | Angles, shapes, sections and sheet piling, of iron or steel, hot-rolled, forged or cold-finished, whether or not drilled or punched, but not assembled: |

| A. | Angles of which the maximum cross-sectional dimension does not exceed eighty-eight millimeters and channels of which the maximum cross-section dimension does not exceed seventy-five millimeters | ad val. 25% |

| B. | Riveted, welded, punched, or drilled | ad val. 80% |

| C. | Other | ad val. 15%." |

Section 2

Paragraph 73.21 of Chapter 73, Schedule XV, of Republic Act Numbered Nineteen hundred thirty-seven, is hereby amended to read as follows:

| "73.21 | Assembled sheet pilling of cast iron, iron or steel; girders, beams, joists and pillars made from assembled elements; structures and finished parts for assembly into structures (e.g., bridge sections, roofing frameworks, shutters, pylons, balconies, balustrades, verandas, window and frames) of cast iron, iron or steel | ad val. 80%." |

Section 3

This Act shall take effect upon its approval.

Approved: June 13, 1958

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.