Upon the recommendation of the Import Control Commission, the following policies, rules and regulations are hereby prescribed for the enforcement of Republic Act No. 650, entitled “An Act to regulate imports and for other purposes.”

SECTION 1. Importers shall be classified into three general categories, namely: (a) government agencies and instrumentalities, (b) bona fide producers, and (c) bona fide importers (old and new).

SEC. 2. The requirements for the submission of applications to import shall be prescribed and promulgated by the Import Control Commission as soon as practicable. The applications shall be numbered chronologically according to the dates when they are received.
SEC. 3. Except those specified in section 10 of Republic Act No. 650, commodity imports subjects to licensing shall be1 divided into two categories: controlled goods and decontrolled goods. Controlled goods shall be composed of all essential items listed in Appendix A of Republic Act No. 650 and of items not listed therein and not decontrolled.

SEC. 4. The general procedure for the issuance of licenses shall be in accordance with priorities established by section 4 of Republic Act No. 650, but such priorities shall strictly adhere to the chronological order of the receipt of the corresponding applications.

Done in the City of Manila, this 2nd day of July, in the year of Our Lord, nineteen hundred and fifty-one, and of the Independence of the Philippines, the fifth.


By the President:

(Sgd.) MARCIANO ROQUE
Acting Assistant Executive Secretary