Revoking Proclamation Nos. 12 and 16, Series of 1946, and Publishing the Values of Certain Foreign Currencies For Purposes of the Assessment and Collection of Customs Duties
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Revoking Proclamation Nos. 12 and 16, Series of 1946, and Publishing the Values of Certain Foreign Currencies For Purposes of the Assessment and Collection of Customs Duties
Proclamation No. 134
July 19, 1949
Case Overview and Summary
Revoking Proclamation Nos. 12 and 16, Series of 1946, and Publishing the Values of Certain Foreign Currencies for Purposes of the Assessment and Collection of Customs Duties- Revokes Proclamation Nos. 12 and 16, Series of 1946, which previously published the values of foreign currencies for customs duties.
- Publishes the updated values of certain foreign currencies for the purpose of assessing and collecting customs duties, pursuant to Republic Act No. 77.
- Lists the values of 61 foreign currencies in terms of their equivalent values in U.S. currency and Philippine currency.
- The values are to be used for the assessment and collection of customs duties on imported goods.
- The proclamation is signed by President Elpidio Quirino on July 19, 1949, in the City of Manila.
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Tags
Executive Issuances
Proclamations
Customs duties
Foreign currency values
Assessment and collection
Proclamation revocation
Republic Act No. 77
Currency exchange rates
Import tariffs
International trade
Philippine currency
U.S. currency
Law
Revoking Proclamation Nos. 12 and 16, Series of 1946, and Publishing the Values of Certain Foreign Currencies For Purposes of the Assessment and Collection of Customs Duties
Proclamation No. 134
•July 19, 1949
MALACAÑANGManila
BY THE PRESIDENT OF THE PHILIPPINES
Proclamation No. 134
REVOKING PROCLAMATION NOS. 12 AND 16, SERIES OF 1946, AND PUBLISHING THE VALUES OF CERTAIN FOREIGN CURRENCIES FOR PURPOSES OF THE ASSESSMENT AND COLLECTION OF CUSTOMS DUTIES.
Upon the recommendation of the Secretary of Finance, and pursuant to the provisions of Republic Act No. 77, I hereby revoke Proclamation Nos. 12 and 16, series of 1946, and publish the values of certain foreign currencies for purposes of the assessment and collection of customs duties, as follows:
Country
Unit
Equipment Value in U. S. currency
Value in Philippine currency
1. Argentina
Peso
$0.207Y3
₱.595466
2. Australia
Pound
3.2274
6.4550
3. Austria
Schilling
.038519
.197238
4. Belgium
Franc
.0228
.0456
5. Bolivia
Boliviano
.025
.050
6. Brazil
Cruzelro
.0553
.1100
7. Bulgaria
Lev
.0033472
.006944
8. Canada
Dollar
1.000000
2.000000
9. Ceylon
Rupee
.301166
.602332
10. Chile
Gold Peso
.051361
.102722
11. China
Yuan
.00005
.00010
12. Colombia
Peso
.559538
1.139276
13. Costa Rica
Colon
.176367
.352734
14. Cuba
Peso
1.000000
2.000000
15. Czechoslovakia
Koruna
.020060
.040120...
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