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RA 5466 Section 1

RA 5466 Section 1

Section 1

SECTION 1. Any provisions of law, rules or regulations to the contrary notwithstanding, the commercial attache with the cooperation in appropriate cases of the agricultural, finance, cultural, labor and other civil attaches who are appointed to serve in diplomatic missions or consular offices abroad, is hereby required to submit not later than fifteen days after each quarter of the year reports to the President of the Philippines, Congress and Department of Commerce and Industry on the foreign market value of all products or articles being exported to the Philippines from the country where said attaches are assigned; Provided, That such report which shall be duly certified by the official rendering the same shall include a statement as to the amount of bounty, subsidy or subvention directly or indirectly granted in. the exporting country for the production, manufacture and/or exportation of the said products or articles: Provided, further, That such attaches on assignment in the same country shall coordinate their efforts in the preparation of their reports: And Provided, finally, That a copy of the report shall be furnished the Tariff Commission. For purposes of this section the 'foreign market value' shall be the price of the article at which such article is sold or freely offered for sale to all purchasers in the principal markets of the foreign country in the usual wholesale quantities and in the ordinary course of trade for home consumption or, if not sold or offered for sale for home consumption, then for exportation to countries other than the Philippines. No pretended sale or offer for sale, and no sale or offer for sale intended to establish a fictitious market, shall be taken into account.

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Other provisions in RA 5466

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 5466 Section 1 (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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