Amending Heading 56.02, Chapter 56 Of The Revised Tariff And Customs Code Of The Philippines
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Amending Heading 56.02, Chapter 56 Of The Revised Tariff And Customs Code Of The Philippines
Presidential Decree No. 1526
June 11, 1978
Case Overview and Summary
Summary of Presidential Decree No. 1526Amending Heading 56.02, Chapter 56 of the Revised Tariff and Customs Code of the Philippines
- Rationale for the amendment (Section 1):
• To update the Tariff and Customs Code to make it more responsive to changing business conditions.
• To rectify the deficiency in Presidential Decree No. 1258-A, which aimed to provide a uniform tariff on all importations of acetate tow but still resulted in discrimination between filter rod manufacturers (who pay 20% ad valorem duties) and other users (who pay 10% ad valorem duties) when importing acetate tow.
• To remove the classification or distinction between filter rod manufacturers and other users who import acetate tow, so that they will both have to pay a uniform rate of 10% ad valorem duties on their acetate tow importations.
- Amendment to Heading No. 56.02, Chapter 56 of the Revised Tariff and Customs Code (Section 1):
• Continuous filament tow for the manufacture of man-made fibres (discontinuous):
(a) Articles not included in sub-heading B hereof: Ad Val. 10%
(b) Polyester filament tow, except when imported directly by textile spinning mills under prior joint authorization of the Tariff Commission and the Board of Investments: Ad Val. 30%
- Repealing and Modifying Inconsistent Laws (Section 2):
• All laws, decrees, orders, rules, and regulations or parts thereof inconsistent with any of the provisions of this Decree are hereby repealed or modified accordingly.
- Effectivity (Section 3):
• This Decree shall take effect immediately.
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Executive Issuances
Presidential Decrees
Tariff and Customs Code
acetate tow
filter rod manufacturers
ad valorem duties
continuous filament tow
man-made fibres
polyester filament tow
textile spinning mills
Tariff Commission
Board of Investments
Law
Amending Heading 56.02, Chapter 56 Of The Revised Tariff And Customs Code Of The Philippines
Presidential Decree No. 1526
•June 11, 1978
MALACAÑANGM a n i l a
PRESIDENTIAL DECREE No. 1526
AMENDING HEADING 56.02, CHAPTER 56 OF THE REVISED TARIFF AND CUSTOMS CODE OF THE PHILIPPINES
WHEREAS, it has become necessary to update the provisions of the Tariff and Customs Code in order to make it more responsive to ever changing business conditions;
WHEREAS, Presidential Decree No. 1258-A was promulgated to rectify a deficiency of Presidential Decree No. 750 by providing a uniform tariff on all importations of acetate tow;
WHEREAS, the existing provisions of P.D. No. 1258-A are still inadequate to carry out its declared intention of doing away with the classification into two categories of acetate tow importation resulting in discrimination, considering that while filter rod manufacturers have to pay 20% ad valorem duties when they import acetate tow, other users may import the same materials at only 10% ad valorem duties, thereby resulting in different rates of duties for the same kind of importations; and
WHEREAS, in order to correct this discriminatory situation, there is a need to remove the classification or distinction...
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