AN ACT AUTHORIZING THE COLLECTORS OF CUSTOMS TO ACCEPT CERTAIN BONDS TO FACILITATE THE TRANSACTION OF BUSINESS WITH THE BUREAU OF CUSTOMS, AND FOR OTHER PURPOSES.

• Number: Act No. 3560
• Sections: 3

Section 1

SECTION 1. An addition to the bonds expressly authorized by the

existing customs laws, in order to facilitate the transaction of

business with the Bureau of Customs, collectors ot customs are hereby

authorized to accept general bonds with sufficient sureties for the

following purposes:

Bond of importer or customs broker (a) to amend manifests

of vessels; (b) for delivery of unexamined packages; and (c) to guaranty

the payment of arrastre and storage charges;

To guaranty the payment of wharfage on merchandise exported;

To secure the payment of customs duties, internal-revenue

taxes and other charges on imported goods deposited in a bonded

warehouse;

To expedite of delivery of fresh fruits, vegetables and

shipments of bulk cargo, and goods cleared from the parcel department of

the Manila Custom House;

To effect the periodical entry and exportation of

merchandise under the provisions of the different paragraphs of the

Tariff Act to be named in the bond;

To produce, for importations and exportation made from

time to time, consular invoices, certificates of origin, meat

certificates, landing certificates and similar documents exclusive of

bills of lading; and

Any other bond with such conditions as will effectualy

expedite business and at the same time safeguard the customs revenue.

Section 2

SEC. 2. For the purposes of this Act, the following sureties are acceptable: (a) surety companies authorized to do

business in the Philippine Islands as such; (b) local corporations

having power to execute bonds; (c) copartnerships granting power to

members in articles or agreements to sign bonds; and (d) individuals

qualified to act as sureties.

Section 3

SEC. 3. This Act shall take effect on its approval.

Approved, November 26, 1929.