Law Summary
SECTION 1: Limitation on Importation of Foreign Leaf Tobacco
Legal Principle: This section establishes a regulated schedule for the importation of foreign leaf tobacco, specifically limiting the quantities based on previous import levels.
Key Provisions:
- Importation Limits:
- For 1952: 75% of total importation in 1950
- For 1953: 50% of total importation in 1950
- For 1954: 40% of total importation in 1950
- For succeeding years: 25% of total importation in 1950
- Importation Limits:
Exemptions:
- The Act explicitly states that the limitations do not apply to wrapper leaf tobacco intended for cigars.
Important Details:
- The limitations are based on the import levels of the year 1950, establishing a reference point for subsequent years.
SECTION 2: Effectivity of the Act
Legal Principle: This section stipulates the commencement of the Act’s provisions.
Key Provisions:
- The Act shall take effect upon its approval, which occurred on May 9, 1952.
Important Details:
- There are no specific penalties or consequences mentioned in this section regarding non-compliance with the importation limits.
Key Takeaways
- Republic Act No. 698 imposes strict limitations on the importation of foreign leaf tobacco, gradually reducing allowed quantities over a period of several years.
- The Act allows for the importation of wrapper leaf tobacco for cigars without restriction.
- The provisions of the Act took effect immediately upon its approval on May 9, 1952.