REPUBLIC ACT NO. 1410
AN ACT TO PROHIBIT THE SO-CALLED "NO-DOLLAR" IMPORTS EXCEPT UNDER CERTAIN CONDITIONS.
Section 1. No importation into the Philippines under the so-called "no-dollar remittance" shall be allowed except:
(a) Subject to tariff and internal revenue laws, machineries, equipments, their accessories, and capital goods except raw materials imported by persons engaged in dollar-producing and dollar-saving industries as certified by the Secretary of Commerce and Industry when the said machineries, equipments, their accessories and capital goods are needed and will be used in such industries: Provided, That the repatriation of the dollar value of said capital investments shall not be allowed except when authorized by the President who shall take into consideration the level of our dollar reserves.
(b) Commodities of a value not exceeding ten thousand pesos which are being imported for the personal use of the person or family importing them, as well as gifts sent from abroad through the post office, of an aggregate value of not more than five hundred pesos unless there is evidence of...
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AN ACT TO PROHIBIT THE SO-CALLED ''NO-DOLLAR'' IMPORTS EXCEPT UNDER CERTAIN CONDITIONS.
Republic Act No. 1410
