Mariveles as Port of Entry and Foreign Trade Zone Act

Mariveles, Bataan, is designated as a principal port of entry by amending the Tariff and Customs Code.
A foreign trade zone (FTZ) is established within the Mariveles Port.
Foreign and domestic goods, except those prohibited by law, may enter the FTZ without being subject to customs and internal revenue laws, with exceptions outlined in the Act.
Goods in the zone may be stored, sold, exhibited, repacked, assembled, manufactured (subject to conditions), exported, destroyed, or sent to customs territory.
Foreign merchandise sent from the FTZ to customs territory is subject to import laws.
Duties and taxes are appraised and liquidated on foreign goods entering customs territory, with allowances for waste.
Articles of Philippine origin with paid internal revenue taxes may enter the FTZ from customs territory free of additional duties and taxes if identity is maintained.
Articles imported from the FTZ to customs territory are treated under import laws similar to foreign-made articles unless exclusively manufactured with domestic materials maintaining their identity.

The FTZ Authority is created, comprising a Chairman and four members appointed by the President with the Commission on Appointments' consent.
Terms are six years, staggered for first appointees; members serve until successors qualify.
Qualifications include Philippine citizenship, good moral character, integrity, and recognized competence in customs administration, taxation, economics, commerce, or industry.
Salaries are specified for the Chairman and members.

Delimit and manage the FTZ, ensuring government ownership and clear boundaries.
Regulate enterprises to avoid adverse effects on domestic industries.
Operate the FTZ as a public utility with fair and reasonable rates and non-discriminatory access.
Manage operations, maintenance, and necessary facilities.
Grant permits for construction and use within the zone, subject to government regulation and public interest.
Control expenditures from net income and annual appropriations.
Issue rules and regulations consistent with the Act.
Appoint and remove officers and employees.
Exercise all powers necessary to fulfill its purpose.

The Secretary of Finance will assign customs officers and guards to the FTZ to protect revenue and control merchandise admission.

Vessels entering or leaving the FTZ are subject to Philippine laws except where the Act provides otherwise.
Vessels arriving in customs territory from the FTZ are subject to regulations protecting revenue.

The FTZ Authority must submit an annual report to the Philippine Congress detailing operations and fiscal condition within 10 days of the congressional session start.

The Secretary of Finance shall promulgate rules and regulations within six months of the Act's effectivity to implement its provisions.

Violations of the Act or related rules result in imprisonment (5 to 10 years) and fines (₱5,000 to ₱10,000).
Violations also justify revocation of privileges granted under the Act.
For corporate offenders, responsible officers are penalized; alien officers may also be deported.
Government officers who abet or tolerate violations face penalties and disqualification from public office.
Confiscation of merchandise and facilities may occur if taxes and duties remain unpaid after revocation of authority.

An initial appropriation of ₱250,000 from the National Treasury for fiscal year 1969 is authorized to implement the Act.