Imposing an Additional Duty of Ten Per Cent (10%) Ad Valorem on Imports

PDF
Word
Notes New
Overview Full Text
Details
Case Agency Issuance Number Published Date

Imposing an Additional Duty of Ten Per Cent (10%) Ad Valorem on Imports

Executive Order No. 955

June 6, 1984

Case Overview and Summary

Summary of Executive Order No. 955

Imposition of Additional Duty
- An additional duty of ten percent (10%) ad valorem shall be levied, collected, and paid on all importations into the Philippines, in addition to any other duties, taxes, and charges imposed by law. (Section 1)
- The additional 10% duty shall be levied even if the importation is exempt under existing laws, except for the exemptions specified in Section 4. (Section 2)
- For importations subject to Presidential Decree No. 1395, the additional 10% duty shall be levied in addition to the 5% duty imposed under that decree. (Section 3)
- For importations released under a re-export bond (Section 105 of P.D. No. 1464), the additional 10% duty shall be assessed and included in the amount of the required re-export bond. (Section 4)

Exemptions from Additional Duty
- Importations by government agencies, instrumentalities, or government-owned or controlled corporations with existing contracts, commitments, agreements, or obligations (requiring exemption) with foreign countries, international institutions, associations, or organizations entitled to exemption pursuant to agreements or special laws. (Section 5a)
- Importations by the diplomatic corps under paragraph K, Section 105, Presidential Decree No. 1464, as amended. (Section 5b)
- Personal effects of returning Filipino diplomats under the penultimate paragraph, Section 105, Presidential Decree No. 1464, as amended. (Section 5c)
- Importations of bonded manufacturing warehouses under Section 2002, Presidential Decree No. 1464, as amended; Republic Act 3137; Presidential Decree No. 1789, as amended by Batas Pambansa Blg. 391; and firms operating in export processing zones. (Section 5d)
- Importations of bonded smelting warehouses under Section 2005, Presidential Decree No. 1464, as amended. (Section 5e)

Repeal and Effectivity
- Executive Order No. 860, series of 1982, as amended, is repealed, and all executive orders or regulations inconsistent with this order are repealed or modified accordingly. (Section 6)
- This Executive Order shall take effect immediately. (Section 7)

Amends

n/a

Amended by

n/a

Tags

Executive Issuances

Executive Orders

import duty

ad valorem duty

additional duty

exemptions

government importations

diplomatic importations

bonded warehouses

export processing zones

re-export bond

Presidential Decree 1464

Presidential Decree 1395

Republic Act 3137

Batas Pambansa 391

Law

Imposing an Additional Duty of Ten Per Cent (10%) Ad Valorem on Imports

Executive Order No. 955

•

June 6, 1984

EXECUTIVE ORDER NO. 955 June 6, 1984 IMPOSING AN ADDITIONAL DUTY OF TEN PER CENT (10%) AD VALOREM ON IMPORTS WHEREAS, Executive Order No. 860, series of 1982, as amended, was promulgated to reduce imports to the barest minimum; WHEREAS, despite the increase in the original rate, the expected desirable level of imports has not been achieved, NOW, THEREFORE, I, FERDINAND E. MARCOS, President of the Philippines, by virtue of the powers vested in me by the Constitution and the authority vested in me under Section 401 of Presidential Decree No. 1464, as amended, do hereby order and ordain: Sec. 1. Imposition of additional duty. Except as herein specifically provided, there shall be levied, collected and paid, in addition to any other duties, taxes and charges imposed by law, on all importations into the Philippines, an additional duty of ten per cent (10%) ad valorem. Sec. 2. Importations exempt under existing laws. The additional duty of ten per cent (10%) ad valorem shall also be levied, collected and paid even if the importation is exempt...
Login to see full content

Imposing an Additional Duty of Ten Per Cent (10%) Ad Valorem on Imports

Amends

n/a

Amended by

n/a

Tags

Executive Issuances

Executive Orders

import duty

ad valorem duty

additional duty

exemptions

government importations

diplomatic importations

bonded warehouses

export processing zones

re-export bond

Presidential Decree 1464

Presidential Decree 1395

Republic Act 3137

Batas Pambansa 391

EXECUTIVE ORDER NO. 955 June 6, 1984 IMPOSING AN ADDITIONAL DUTY OF TEN PER CENT (10%) AD VALOREM ON IMPORTS WHEREAS, Executive Order No. 860, series of 1982, as amended, was promulgated to reduce imports to the barest minimum; WHEREAS, despite the increase in the original rate, the expected desirable level of imports has not been achieved, NOW, THEREFORE, I, FERDINAND E. MARCOS, President of the Philippines, by virtue of the powers vested in me by the Constitution and the authority vested in me under Section 401 of Presidential Decree No. 1464, as amended, do hereby order and ordain: Sec. 1. Imposition of additional duty. Except as herein specifically provided, there shall be levied, collected and paid, in addition to any other duties, taxes and charges imposed by law, on all importations into the Philippines, an additional duty of ten per cent (10%) ad valorem. Sec. 2. Importations exempt under existing laws. The additional duty of ten per cent (10%) ad valorem shall also be levied, collected and paid even if the importation is exempt...
Login to see full content

Imposing an Additional Duty of Ten Per Cent (10%) Ad Valorem on Imports