Value of Argentina Peso for Duty Assessment

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PROCLAMATION NO. 265: Value of Argentina Peso for Duty Assessment

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Title Supreme Court: Value of Argentina Peso for Duty Assessment

Law: Proclamation No. 265

Decision Date: Jul 13, 1951

Elpidio Quirino, under Republic Act No. 77, establishes the value of the Argentina peso at ?0.40 for duty assessment and collection, equivalent to $0.20 in U.S. currency.

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Fixed Value of the Argentina Peso for Duty Assessment

The Argentina peso is officially valued at ?0.40 in Philippine currency.
This value corresponds to $0.20 in United States currency.
This fixed value is used specifically for the purposes of assessing and collecting customs duties.

Purpose and Application

The prescribed value serves as the official exchange benchmark in customs matters.
It facilitates uniformity and consistency in duty calculation on imports denominated in Argentina pesos.

Formalization and Effectivity

The proclamation was signed by the President of the Philippines, Elpidio Quirino.
It was executed and sealed in Manila on July 13, 1951.

Administrative Endorsement

The document is countersigned by Marciano Roque, Acting Assistant Executive Secretary, verifying administrative authenticity.

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