Section 4
SEC. 4. Section one hundred ninety of Commonwealth Act Numbered Four hundred and sixty-six is amended to read as follows: "SEC. 190. Compensating tax. - All persons residing or doing business in. the Philippines, who purchase or receive fran without the Philippines any commodities, goods, wares, or merchandise, excepting those subject to specific taxes under Title IV of this Code, shall pay on the total value thereof at the time they are received by such persons, including freight, postage, insurance, commission, and all similar charges, a compensating tax equivalent to the percentage tax inclosed under this Title on original transactions effected by merchants, importers, or manufacturers, such tax to be paid upon the withdrawal or removal of said commodities, goods, wares, or merchandise from the customhouse or the post office: Provided, however, That Merchants, importers, and manufacturers, who are subject to tax under sections 184, 185, 186, 187, and 189 of this Title shall not be required to pay the tax herein imposed where such commodities, goods, wares,or merchandise purchased be sold, resold, bartered, or exchanged or where the same are to be used in the manufacture or preparation of articles or received by them from without the Philippines are to be for sale, barter, or:exchange and are to form part thereof when the total value of such shipment does not exceed fifty on any single person. The tax herein imposed shall not be assessed or collected pesos. Goods brought by residents returning from abroad, the value of which does not exceed fifty pesos, are exempt from this tax."