Exemption of NARIC from 17% Excise Tax on Rice Imports

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EXECUTIVE ORDER NO. 46: Exemption of NARIC from 17% Excise Tax on Rice Imports

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Title Supreme Court: Exemption of NARIC from 17% Excise Tax on Rice Imports

Law: Executive Order No. 46

Decision Date: Jul 10, 1954

Ramon Magsaysay exempts the National Rice and Corn Corporation from a 17% excise tax on foreign exchange for rice importation to promote public interest and welfare.

excise tax

foreign exchange

importation

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