Section 2
SEC. 2. The amount of the duties due shall be based on the declaration of the applicant for the letter of credit/ importer, subject to the penalties prescribed under Sec. 2503 of the Tariff and Customs Code of 1978, as amended.
SEC. 2. The amount of the duties due shall be based on the declaration of the applicant for the letter of credit/ importer, subject to the penalties prescribed under Sec. 2503 of the Tariff and Customs Code of 1978, as amended.
CitationPD 1853 Section 2 (LawPlayer, data as of July 4, 2026)
Source: Supreme Court E-Library, Republic of the Philippines. Philippine laws are public documents (works of the government).