Export Regulation and Control Act

Applications must be submitted to a specific committee.
The committee consists of:
- Secretary of Agriculture and Natural Resources (Chairman)
- Secretary of National Defense
- Administrator of Economic Coordination
Applications are processed in chronological order.
The committee must unanimously find export will not harm national security or development goals to recommend approval.
Favorable committee recommendations must be published twice in newspapers listing applicant details, goods description, quantities, values, consignees, and destination countries.
If no objection arises within two weeks, the President shall issue the permit within ten days.
If objections are filed, a hearing is conducted within five days; thereafter, the President issues or rejects the permit based on committee findings within ten days.

The President has the power to control, limit, regulate, or prohibit export and re-export of listed goods.
The President may issue implementing rules and regulations to enforce the Act’s provisions.

Violators face fines ranging from PHP 5,000 to PHP 10,000, or imprisonment of 2 to 5 years, or both.
Liability extends to natural or juridical persons when violations are committed by their managers, representatives, directors, agents, or employees in their interest.
Foreign corporations violating the law through their agents or representatives face license revocation besides penalties.
Goods involved in the violation are subject to confiscation and forfeiture to the government.

The law’s authority expires at the end of the next regular Congress session unless earlier terminated.
Provisions remain effective for offenses committed or rights/liabilities incurred prior to repeal, for legal enforcement purposes.

Existing export rules and regulations, except those by the Central Bank, must be revised to conform with this Act.