Today is Tuesday, April 01, 2025
1987 Constitution 1986 Constitution 1973 Constitution 1943 Constitution 1935 Constitution Malolos Constitution
Acts Commonwealth Acts Mga Batas Pambansa Republic Acts
Presidential Decrees Executive Orders Administrative Orders Memorandum Orders Memorandum Circulars Proclamations General Orders Special Orders
Supreme Court Court of Appeals Court of Tax Appeals Sandiganbayan Regional Trial Court Metropolitan Trial Court Municipal Trial Court Municipal Circuit Trial Court Municipal Trial Court
Muslim Mindanao Autonomy Act Commission on Election Civil Service Commission Commission on Audit
Supreme Court Decisions
International Court of Justice International Criminal Court Collection of International Cases Treatises Agreements & Conventions United Nations World Trade Organization World Intellectual Property Organization Intellectual Seabed Authority
< L O G I N >
 Political Law Labor Law Civil Law Taxation Law Mercantile Law Criminal Law Remedial Law Ethics Law Bar Examinations Archive Legal Dictionary Links


REPUBLIC ACT No. 3005

An Act to Amend Paragraphs 71.02, 71.03 and 71.04 of Chapter 71, Schedule XIV, of Republic Act Numbered Nineteen Hundred Thirty-Seven, Otherwise Known as Tariff and Customs Code of the Philippines, and for Other Purposes

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

Section 1. Paragraph 71.02 of Chapter 71, Schedule XIV of Republic Act Numbered Nineteen hundred thirty-seven, is hereby amended to read as follows:

"Precious and semiprecious stones, unworked, cut or otherwise worked, but neither set nor strung (except ungraded stones temporarily strung for convenience of transport):

A. Industrial diamonds ad val. 10%

B. Others ad val. 150%"

Section 2. Paragraph 71.03 of Chapter 71, Schedule XIV of Republic Act Numbered Nineteen hundred thirty-seven, is hereby amended to read as follows:

"Synthetic or reconstructed precious or semiprecious stones, unworked, cut or otherwise worked, but neither set nor strung (except ungraded stones temporarily strung for convenience of transport):

A. Industrial diamonds ad. val. 10%

B. Others ad val. 100%"

Section 3. Paragraph 71.04 of Chapter 71, Schedule XIV of Republic Act Numbered Nineteen hundred thirty-seven, is hereby amended to read as follows:

"Dust and powder of natural or synthetic precious or semiprecious stones ad val. 10%

Section 4. This Act shall take effect upon its approval.1âшphi1

Approved: June 19, 1960.


The Lawphil Project - Arellano Law Foundation