Section 506 - Assistance to the President and Congress of the Philippines

In order that the President and the Congress may secure information and assistance, it shall be the duty of the Commission to -
  1. Ascertain conversion costs and costs of production in the principal growing, producing or manufacturing centers of the Philippines, whenever practicable;
  2. Ascertain conversion costs and costs of production in the in the principal growing, producing or manufacturing centers of foreign countries of articles imported into the Philippines whenever such conversion costs or costs of production are necessary for comparison with those in the Philippines;
  3. Select and describe representative articles imported similar to, or comparable with, those locally produced; select and describe articles of the Philippines similar to, or comparable with, such imported article; and obtain and file samples of articles so selected whenever advisable;
  4. Ascertain import costs of such representative articles so selected;
  5. Ascertain the grower's, producer's or manufacturer's selling prices in the principal growing, producing or manufacturing centers in the Philippines, of the articles of the Philippines, so selected;
  6. Ascertain all other facts which will show the difference in, or which affect competition between, articles of the Philippines and those imported in the principal markets of the Philippines;
  7. Ascertain conversion costs and costs of production including effects of tariff modifications or import restrictions on prices in the principal growing, producing or manufacturing centers of the Philippines, whenever practicable; and
  8. Submit annual reports of these to the President of the Philippines, copy of which shall be furnished to the NEDA, Central Bank of the Philippines, Department of finance and the Board of Investments.