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R.A. 423

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Year:

1950

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Other

Summary

Plain-language AI-assisted summary — not the official text. As of July 1, 2026. Read the full text below or on the official source.

This Act amends specific sections of Republic Act Numbered Three Hundred Thirty, creating an Import Control Board and granting the President authority to regulate imports to balance foreign trade and conserve dollar reserves. It establishes quotas for nonessential and luxury imports.
Full Text


REPUBLIC ACT No. 423

AN ACT TO AMEND SECTIONS ONE, TWO AND SEVEN OF REPUBLIC ACT NUMBERED THREE HUNDRED THIRTY

Section 1. Section one of Republic Act Numbered Three hundred thirty is amended to read as follows:

Section 2. Section two of the same Act is amended to read as follows:

Section 3. Section seven of the same Act is amended to read as follows:

Section 4. This Act and the rules and regulations promulgated heretofore under Republic Act Numbered Three hundred thirty shall take effect on December thirty-one nineteen hundred and forty-nine.

Approved: January 6, 195


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View on LawPhil Last updated: Jul 1, 2026
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Republic Acts are laws passed by the Congress of the Philippines. This content is sourced from LawPhil (lawphil.net) for reference purposes. For official and authoritative texts, please refer to the Official Gazette.