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

President Ramon Magsaysay grants the National Rice and Corn Corporation (NARIC) exemption from paying the 17% excise tax on foreign exchange used for rice importation, in accordance with Republic Act No. 663, due to public interest and welfare.

exemption

excise tax

foreign exchange

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