SECTION 1. Sections one and two of Republic Act Numbered Six hundred one, as amended, are further amended to read as follows:
"SECTION 1. Except as herein otherwise provided, there shall be assessed, collected, and paid a special excise tax of seventeen per centum on the value in Philippine peso of foreign exchange sold and/or authorized to be sold by the Central Bank of the Philippines or any of agents until June thirtieth, nineteen hundred and fifty five.
"SEC. 2. The tax provided for in section one of this Act shall not be collected on foreign exchange used the payment of the cost, transportation and/or other chars incident to importation into the Philippines of car milk, canned beef, canned fish, chocolate, malt, stabilize and flavors, vitamin concentrate; supplies and equipment purchased directly by the Government or any of its instrumentalities for its own exclusive use; machinery, equipment, accessories, and spare parts, for the use of industries, miners, mining enterprises, planters and farmers; and fertilizers when imported by planters or farmers directly or through their cooperatives; articles or containers used, including materials for the manufacture of tin containers used by the importer himself in the manufacture preparation of local products for consignment or export abroad; textbooks, reference books, and supplementary readers approved by the Board on Textbooks and/or established public or private educational institutions; paper imported by publishers for their exclusive use in the publication of books, pamphlets, magazines and newspapers; carbides, explosives and dynamite for mining purposes; drugs and medicines, and medical and hospital supplies listed in the appendix of this Act; payment in respect of reinsurance; payment in respect of marine and aviation insurance; spare parts to be used in the repair of vessels of Philippine registry or airplanes and such other parts thereof as may be certified by the Hulls and Boilers Division of the Bureau of Customs or the Civil Aeronautics Administration, respectively, as essential to the maintenance of vessels or airplanes; payment of purchase price of vessels or ships of any kind or nature intended for Philippine registry, ninety per cent of the ownership of which belongs exclusively to Filipinos, or charter fees of lirplanes and vessels of Philippine register; remittances for payment of principal and interests of foreign loan contracted under obligation of the Philippine Government or any of its instrumentalities; payment of premiums by veterans on life insurance policies under the Government of the United States, and payment of premiums and other founts due by policyholders on life insurance policies issued before December nine, nineteen hundred and forty-nine, and payment of machinery and/or raw materials to be used by new and necessary industries as determined in accordance with Republic Act Numbered Thirty-five."
SEC. 2. This Act shall take effect upon its approval.
Approved, June 18, 1954.
APPENDIXDRUGS AND MEDICINES
Adrenalin (Epinephrine) Chloride and preparations
Aluminum Hydroxide preparations
Amebacides except emetine preparations
Amino Acid preparations, solutions, parenteral
Antihelmintic preparations except calomel, santonin
Antihistaminic preparations
Antihypertension and vasodilator agents
Anti-Leprosy preparations
Antimalarials except quinine preparations
Antipyretics not manufactured locally
Antisyphilitic preparations
Antitetanic serum
Aureomycin preparations
B-Complex
Barbiturates and their preparations
Blood testing serums and solutions
Cardiac stimulants except aminophylline preparations
Castor Oil
Cathartic Pills Compound
Chenopodium Oil
Chlorazene Tablets and similar preparations
Chloromycetin preparations
Coagulants
Cortisone Acetate preparations
Curare products and similar preparations
Diagnostic Reagents
Digitalin and other digitalis preparations
Diphtheria Antitoxin and other immunological preparations
Diphtheria Toxoid
Discoids of Hydrocyanic Acid (HCN) for fumigation work
Drugs (crude or otherwise), chemicals (simple or compound) for pharmaceutical manufacture and chemicals to be used for the eradication of plant insects and pests
Drugs and medicines for the use of the dental and veterinary professions
Ergot preparations and derivatitves
Ferrous Sulphate preparations
Gas Gangrene Antitoxin
Gland products and synthetic substitutes
Heparin derivatives
Homogenized Baby Foods (vegetables, fruits and meats)
Hormone preparations
Hyrogen Peroxide preparations
HTH- Commercial
Insulin preparations, all forms
Laboratory Stains
Liquor Cresolis Compositus and other disinfectants
Liver Extract preparations
Magnesium Hydroxide preparations
Magnesium Trisilicate compounds
Mercurial Diuretics
Mercurochrome, crystals
Merthiolate preparations
Multivatamin Capsules
Neomycin and preparations
Novocain and other anaesthetics for general, spinal, intravenous, local or dental use
Opium, its alkaloids and their salts, its derivatives, their preparations and synthetic substitutes
Pancreatic extracts preparations
Plasma
Pregnenolon Acetate and preparations
Protein Solutions, powders and compounds
Quarternary Ammonium compounds and other fungicidal agents
Saccharine preparations and substitutes
Salt Substitutes
Similac, Klim, Lactogen and other dehydrated powdered milk
Sulphur
Terramycin and preparations
Tuberculin Tablets PPD, 1st and 2nd Tests
Vitamin preparations not manufactured locally in sufficient quantities
Drugs specialties not manufactured locally
Anti-biotics (bulk)
Tetracyn and preparations
Achromycin and preparations
Cyanide for mining purpose
MEDICAL AND HOSPITAL SUPPLIES
Applicators, wood
Bandage, gauze
Bandage, specialist, Plaster of Paris
Cotton, Absorbent
Dental instruments and supplies
Diagnostic instruments
Droppers, medicine
Electro Medical equipment
Gauze, plain
Gauze, sponges
Jelly, lubricating, plain or anaesthetics
Major Operating table (not examining table)
Needles, hypo, all sizes
Operating lights
Optometric instruments and supplies
Pads, obstetrical
Plasters, adhesive, all sizes
Sterilizers, autoclaves
Surgical instruments
Surgical, crinoline
Sutures, all kinds and sizes
Syringes, hypo, all sizes
X-ray films, developers and fixers
X-rays equipment and supplies
Radium for therapy
