Section 1
SECTION 1. Except as herein otherwise provided, there shall be levied, collected and paid a special import tax on all goods, articles or products imported or brought into the Philippines, irrespective of source, during the period and in accordance with the rates provided for in the following schedule: Calendar year 1956, seventeen per cent; Calendar year 1957, fifteen and three-tenths per cent; Calendar year 1958, thirteen and six-tenths per cent; Calendar year 1959, eleven and nine-tenths per cent; Calendar year 1960, ten and two-tenths per cent; Calendar year 1961, eight and five-tenths per cent; Calendar year 1962, six and eight-tenths per cent; Calendar year 1963, five and one-tenth per cent; Calendar year 1964, three and four-tenths per cent; and Calendar year 1965, one and seven-tenths per cent: Provided, however, That this Act does not repeal the specific and compensating taxes on imported goods