Question & AnswerQ&A (PROCLAMATION NO. 304)
It concerns the amendment of Proclamation No. 134 and its subsequent amendments by publishing the latest values of certain foreign currencies for customs duties assessment and collection purposes.
Republic Act No. 77.
It provides the official exchange rates used to assess and collect customs duties in Philippine currency.
The Secretary of Finance.
The frequency is not specified in the text; however, amendments can be made whenever deemed necessary and upon proper authority and recommendation.
The Argentine Peso.
0.476758 Philippine pesos.
To ensure fair, consistent, and legally recognized basis for customs duty computations and to avoid disputes.
Elpidio Quirino.
It amends and updates the foreign currency values stated in those previous proclamations for customs duty computations.
In the City of Manila on January 23, 1952.