REPUBLIC ACT No. 1608
AN ACT TO AMEND CERTAIN SECTIONS OF TITLE IV OF COMMONWEALTH ACT NUMBERED FOUR HUNDRED SIXTY-SIX, OTHERWISE KNOWN AS THE NATIONAL INTERNAL REVENUE CODE, AS AMENDED, AND FOR OTHER PURPOSES.
Section 1. Section one hundred twenty-five of Commonwealth Act Numbered Four hundred sixty-six, as amended, is hereby further amended to read as follows:
"Sec. 125. Payment of specific tax on imported articles. Specific taxes on imported articles shall be paid by the owner or importer to the customs officers, conformably with regulations of the Department of Finance and before the release of such articles from the customhouse, or by the person who is found in possession of articles which are exempt from specific tax other than those to whom the same is lawfully issued excepting persons in possession of an article resulting from a single isolated transaction done in good faith, where the value of said article does not exceed one hundred pesos."
Section 2. Section one hundred twenty-seven of Commonwealth Act Numbered Four hundred sixty-six, as amended, is...
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