An Act to Amend Republic Act Numbered Nine Hundred Eleven, Entitled "An Act Creating a Tariff Commission, Defining its Powers, and for Other Purposes," by Inserting Between Sections Eighteen and Nineteen of Said Act a New Section to be Known as Section Eighteen-A

REPUBLIC ACT No. 1196

An Act to Amend Republic Act Numbered Nine Hundred Eleven, Entitled "An Act Creating a Tariff Commission, Defining its Powers, and for Other Purposes," by Inserting Between Sections Eighteen and Nineteen of Said Act a New Section to be Known as Section Eighteen-A

Be it enacted by the Senate and House of Representatives of the Philippine Congress Assembled:

Section 1. Republic Act Numbered Nine hundred eleven is hereby amended by inserting between sections eighteen and nineteen thereof a new section to be known as section eighteen-A which shall read as follows:

Section 2. This Act shall take effect upon its approval.

Approved: August 25, 1954.

"Sec. 18-A. The President, upon prior investigation by and recommendation of the commission, is hereby empowered to decrease by not more than sixty per centum or to increase by not more than ten times the rates of import duty however established when in his judgment such reduction or increase is necessary in the interest of national economy, general welfare, and national defense, any other provision of this Act to the contrary notwithstanding: Provided, That such rates shall be effective until modified by Congress: Provided, further, That the authority herein granted to the President shall expire on December thirty-one, nineteen hundred and fifty-five."