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Executive Orders

Imposing an Additional Duty of Three Percent (3%) Ad Valorem on All Imports

Executive Order No. 860

EXECUTIVE ORDER NO. 860 December 21, 1982

IMPOSING AN ADDITIONAL DUTY OF THREE PERCENT (3%) AD VALOREM ON ALL IMPORTS

WHEREAS, the prevailing economic situation has made it imperative that importations be reduced to the barest minimum;

WHEREAS, among the measures necessary to accomplish this objective is to increase import duties on all importation,

NOW, THEREFORE, I, FERDINAND E. MARCOS, President of the Republic of the Philippines, by virtue of the powers vested in me by the Presidential Decree No. 1464, as amended by Presidential Decree Nos. 1628 and 1690, particularly Section 401 thereof, 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 three percent (3%) ad valorem.

Sec. 2. Importations Exempt Under Existing Laws. The additional duty of three percent (3%) ad valorem shall also be levied, collected and paid, even if the importation is exempt under existing...

Summary of Executive Order No. 860

Imposition of Additional Duty (Sec. 1):
- An additional duty of three percent (3%) ad valorem shall be levied, collected, and paid on all imports into the Philippines, in addition to any other duties, taxes, and charges imposed by law.

Applicability to Exempt Importations (Sec. 2):
- The additional duty of three percent (3%) ad valorem shall also be levied, collected, and paid, even if the importation is exempt under existing laws, except as provided in Section 4.

Importations Subject to Presidential Decree No. 1395 (Sec. 3):
- For importations subject to Presidential Decree No. 1395, the additional duty of three percent (3%) ad valorem shall be levied, collected, and paid in addition to the five percent (5%) duty imposed under that decree.

Exempt Importations (Sec. 4):
- The following importations are exempt from the additional duty of three percent (3%) ad valorem:
• Importations of government agencies, instrumentalities, or government-owned or controlled corporations with existing contracts, commitments, agreements, or obligations (requiring such exemption) with foreign countries, international institutions, associations, or organizations entitled to exemption pursuant to agreements or special laws. (Sec. 4a)
• Importations of the diplomatic corps under the provisions of paragraph k, Section 105, Presidential Decree No. 1464, as amended. (Sec. 4b)
• Personal effects of returning Filipino diplomats under the provisions of the penultimate paragraph, Section 105, Presidential Decree No. 1464, as amended. (Sec. 4c)
• Importations of bonded manufacturing warehouses under the provisions of Section 2002, Presidential Decree No. 1464, as amended. (Sec. 4d)
• Importations of bonded smelting warehouses under the provisions of Section 2005, Presidential Decree No. 1464, as amended. (Sec. 4e)

Effectivity (Sec. 5):
- This Executive Order shall take effect immediately.

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