Importation Ban and Procedure Revision EO 471

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EXECUTIVE ORDER NO. 471: Importation Ban and Procedure Revision EO 471

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Title Source: Supreme Court: Importation Ban and Procedure Revision EO 471

Law: Executive Order No. 471

Decision Date: Aug 24, 1951

Elpidio Quirino's Executive Order No. 471 revises import regulations under Republic Act No. 650, banning the importation of specific commodities and establishing new procedures for obtaining ECA Procurement Authorizations.

Law Summary

Ban on Importation of Certain Commodities

Importation of items listed in Annex B is banned immediately upon effectivity of the order.
Importation of items listed in Annex C is banned effective July 1, 1952.
These bans apply to all importers and goods falling under the specified annexes.

Procedures for Importation under ECA Procurement Authorizations

Goods to be imported under the Economic Cooperation Administration (ECA) Procurement Authorizations are exempt from licensing requirements by the Import Control Commission.
Applicants intending to import such goods must apply for letters of credit through Authorized Agents of the Central Bank of the Philippines.
Authorized Agents then apply for covering Procurement Sub-Authorizations from the Central Bank of the Philippines.

Legal Authority and Effectivity

The Executive Order was issued by President Elpidio Quirino on August 24, 1951, in Manila.
It was promulgated under the authority of Republic Act No. 650 and upon recommendation of the Import Control Commission.
The order is officially recorded and countersigned by the Acting Assistant Executive Secretary, establishing its validity.

END