January 8, 1959

DLTARTVI Vf 03_^E N0.

5i

By authority of section 11 of Republic At No. 903, the following

ryhes and regulations are hereby promulgated for the guidance of the
Burman of Custaas and the Bureau of Internal Revenue and all concerned
An respect to the levy and collection, during the period beginning
January 1. 1959 and ending December 31, 1959, of. ten per centum (10%)

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of all t.xes and customs duties on importations of new and necessary

industries granted tax exemption under Republic Acts Nos. 35 and 901:
Paragraph I. Machinery and/or raw materials as may be allowed 'by
the Department of Finance to be imported by new. and necessary industries
in connection with their tax-exempt industries shall be exempt in full
from the payment of the special import tax;
. Par. Il. With the exception of special import tar-, leportations of
tax-exempt industries skill be liable to the p;EVment of ten per centum
(10%) of all other taxes and customs duties directly payable by 'tax-exempt
industries, unless all of the following. Condit ions are prose-it: (a) the
importation arrived within the limits of the corresponding port of entry
-in the Philippines before midnight of. December 31f 1958; (b) the specified
entry form together with arty related documents such as Central Bank and/or
No-Dollar Import Office release certificates or de1i.ver
its from
ship ads, which are required by any provision of existirg law or regulatiaa to be filed with such ant ry form at the time of entry, has been
duly filed at the port or station and accepted before midnight of December
31, 1958 by the customs officer designated to receive such entry form and
related documents; and (c) the articles have legally or at least constructively left the jurisdiction of the Bureau of 9ustans by the issuance of
delivery permits and/or any fees and other lawful charges were paid or
secured to be paid before midnight of December 31; 1958 to the customs
officer designated to receive such monies.

However, the following provisions of Section 31 of the Revised Administrative Code shall be taken into account with respect to the;presentation of the related documents mentioned in condition (b) above:,
"Preterition of holidpZ. - Where the day, or the last days'
for doing any act required or permitted by law falls on a
holiday, the act may be done on the next succeeding business day,."
Para III: Philippine custmts and internal revenue
give due publicity to the provisions of this Order.

rltrhished
he Commissioner of Internal Revenue
The-Commissioner of Customs
t,