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Estanislao M. Leuterio vs. Commissioner Of Customs

ESTANISLAO M. LEUTERIO, petitioner, vs. COMMISSIONER OF CUSTOMS, respondent.

G.R. No. L-21800 | 1968-06-22

D E C I S I O N 


SANCHEZ, J.: 

The legal issue correctly presented by petitioner in this appeal simply is this: Was the forfeiture of the goods in question in accordance with law? 

Primarily called to application is Central Bank Circular 45, pertinent part of which reads: 

"NOW, THEREFORE, the Monetary Board, in pursuance of Central Bank Circular No. 20 and other circulars and notifications issued in pursuance thereto, hereby requires any person or entity who intends to import or receive goods from any foreign country for which no foreign exchange is required or will be required of the banks, to apply for a license from the...