Section 1. No importation into the Philippines under the so-called "no-dollar remittance" shall be allowed except:
(a) Subject to tariff and internal revenue laws, machineries, equipments, their accessories, and capital goods except raw materials imported by persons engaged in dollar-producing and dollar-saving industries as certified by the Secretary of Commerce and Industry when the said machineries, equipments, their accessories and capital goods are needed and will be used in such industries: Provided , That the repatriation of the dollar value of said capital investments shall not be allowed except when authorized by the President who shall take into consideration the level of our dollar reserves.
(b) Commodities of a value not exceeding ten thousand pesos which are being imported for the personal use of the person or family importing them, as well as gifts sent from abroad through the post office, of an aggregate value of not more than five hundred pesos unless there is evidence of abuse in the use of this privilege, each gift to be allowed only once every six months. In case, however, of Filipino residents abroad, they may send gifts of a value not more than five hundred pesos each gift once every month, but which may be accumulated to a value not exceeding five thousand pesos.
(c) Commodities brought from abroad by a person who is returning to the Philippines, provided they are not being brought for commercial purposes, and do not exceed five thousand pesos in value, unless there is evidence of abuse in the use of this privilege, provided this allowance will be granted only to persons returning to the Philippines once a year.
(d) Commodities in exchange for goods exported by persons or firms making the importation on a straight barter basis when authorized by the Secretary of Commerce and Industry.
(e) Cloths of all kinds entering the Philippines on consignment basis to be embroidered in the country and re-exported abroad after having been embroidered: Provided , That a sufficient bond be required to insure re-exportation under such rules and regulations that the Department of Commerce and Industry may promulgate.
(f) Commodities imported pursuant to the provisions of subsections (b), (c) and (d) in excess of the amounts therein authorized shall be subject to seizure and confiscation as provided in Section 3 thereof.