RA 423 Section 2

Section 2

SEC. 2. Section two of the same Act is amended to read as follows: "SEC. 2. In order to balance the foreign trade, to con-serve the international dollar reserves of the country, to promote and to develop domestic industries, the President, upon recommendation of the Import Control Board, shall fix and allocate quotas of the quantity which may be im-ported within a certain period of time of each kind or class of non-essential and luxury imports."

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Other provisions in RA 423

Compiled from an official source version. Later amendments or repeals may not be reflected; the official text prevails. · Read the official text ↗ · Data as of July 4, 2026

CitationRA 423 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).

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