Exceptions for Locally Established Industries
- Raw materials and articles necessary for operation of local industries as determined by the Import Control Board shall not be subjected to the percentage reductions.
- Importers/manufacturers of such materials must apply for import permits.
Effective Date of the Order
- The order takes effect on December 1, 1949.
- Control on newly added items becomes effective immediately upon promulgation of the Order.
Legal Basis and Authority
- Based on authority granted by Republic Act No. 330.
- The law authorizes the President to establish a system for import control over non-essential and luxury articles.
- President Elpidio Quirino issued the amendments to regulate imports through percentage cuts and controls.
Scope and Objectives
- Aims to regulate importation of non-essential goods by imposing percentage cutbacks.
- Controls imports to protect local industries.
- Designates an Import Control Board to carry out regulatory functions, including issuance of permits and determining exemptions.
Key Procedural Points
- Import percentages and ceiling are specifically listed per item.
- Manufacturers who require materials exempted from reduction must apply for permits, ensuring regulatory oversight.
Regulatory Impact
- Reduction in import volumes restricts availability of non-essential and luxury imported goods.
- Encourages growth and protection of domestic industries through controlled import flows.
Enforcement and Penalties
- While not detailed in this amendment, violations are penalized under Republic Act No. 330, providing the legal framework for sanctions against non-compliance.