Republic Act No. 20
Republic Act No. 20
Republic Act No. 20
20
"In such cases the Collector shall fully report his action in the matter, together with all the
particulars, to the Insular Collector of Customs and to the Auditor General. chan robles virtual law
library
"After one year all such special deposits unclaimed and unpaid shall be covered into the
Bureau of the Treasury as customs receipts: Provided, however, That seventy-five per
centum of such deposits, or so much thereof as may be necessary, from the proceeds of sale
of merchandise falling under subsection (c) of section thirteen hundred and ninety-five of
this Act shall be apportioned and distributed by the Auditor General among the insurance
agents, shipowners or agents, and the operator of the arrastre plant at the end of every
year in proportion to their respective payments for claims on importations during the year;
And provided, further, That in no case shall any of the entities concerned be entitled to
more than the amount it had paid for claims during the year." chan robles virtual law library
Sec. 4. This Act shall take effect upon its approval.
Approved: September 25, 1946