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Republic Act
Approved June 14, 1958

Republic Act No. 2095

An act to further amend section five of republic act numbered six hundred and sixty-three, as amended by republic act numbered two thousand seventeen

An Act to Further Amend Section Five of Republic Act Numbered Six Hundred and Sixty-Three, as Amended by Republic Act Numbered Two Thousand Seventeen

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In plain language

An amendment to Section 5 of RA 663, extending duty exemptions for the Corporation’s importation of rice, corn, and related supplies, subject to board recommendation and presidential certification, limited to one year and prohibiting conversion to starch; includes penalties for violations.

  • Exemption from import duty on rice, corn, supplies, machinery, fertilizer and lime
  • Exemptions granted only upon Board of Directors recommendation and certifications by the Secretary of Agriculture and the President
  • Exemptions limited to one year from enactment
  • Prohibition on converting imported corn or rice into starch in commercial quantity
  • Penalties for violations include imprisonment of 5-8 years and a fine of 8,000 pesos
Republic Act
Amendment
Rice Import Duty
Corn Import Duty
Tax Exemption

REPUBLIC ACT No. 2095

An Act Converting the Sitio of Balud in the Municipality of Salcedo, Province of Samar, into a Barrio, to be Known as the Barrio of Balud

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

Section 1

The sitio of Balud in the Municipality of Salcedo, Province of Samar, is converted into a barrio of said municipality, to be known as the barrio of Balud.

Section 2

This Act shall take effect upon its approval.

Approved: March 22, 1959.

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.