Amending Executive Order No. 418, Series of 2005, entitled "Modifying the Tariff Nomenclature and Rates of Import Duty on Used Motor Vehicles under Section 104 of the Tariff and Customs Code of 1978 (Presidential Decree No. 1464, as amended)" and for other purposes."

MALACAÑANG
Manila

BY THE PRESIDENT OF THE PHILIPPINES

EXECUTIVE ORDER No. 477 December 19, 2005

AMENDING EXECUTIVE ORDER NO. 418, SERIES OF 2005, ENTITLED "MODIFYING THE TARIFF NOMENCLATURE AND RATES OF IMPORT DUTY ON USED MOTOR VEHICLES UNDER SECTION 104 OF THE TARIFF AND CUSTOMS CODE OF 1978 (PRESIDENTIAL DECREE NO. 1464, AS AMENDED)" AND FOR OTHER PURPOSES."

WHEREAS, Executive Order No. 418 dated 04 April 2005 was issued to mitigate the impact of used vehicle trading on air quality and road safety through the imposition of additional specific duty of PhP 500,000.00 on the importation of used motor vehicles falling under Headings 87.02, 87.03 and 87.04;

WHEREAS, Section 1 of the Executive Order 418 specifically provides for the exemption of trucks, buses and special purpose vehicles which fall under Headings 87.02, 87.04 and 87.05 from the application of the additional specific duty;

WHEREAS, Article 2, Section 3.1 of Executive Order No. 156 dated December 12, 2002 prohibits the importation of all used motor vehicles into the country inclusive of the Freeport, except...

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Amending Executive Order No. 418 on Import Duty for Used Motor Vehicles

- Imposes additional specific duty of PhP 500,000 on importation of used motor vehicles under Headings 87.02, 87.03, and 87.04, except:
    - Trucks, buses, and special purpose vehicles (Section 1)
    - Motor vehicles imported under "No Dollar Importation Program" (Section 1)
    - Motor vehicles for Diplomatic Corps authorized by Department of Foreign Affairs (Section 1)
- Exempts used motor vehicles listed under Article 2, Section 3.1 of Executive Order No. 156 from additional duty (Whereas clause)
- Maintains existing tariff nomenclature and rates for headings not listed (Section 2)
- Applies Most Favored Nation (MFN) rates to listed articles withdrawn from warehouses for consumption (Section 3)
- Takes effect 30 days after publication in two newspapers of general circulation (Section 4)