MODIFYING THE NOMENCLATURE AND THE RATES OF IMPORT DUTY ON CERTAIN IMPORTED ARTICLES

EXECUTIVE ORDER No. 465

MODIFYING THE NOMENCLATURE AND THE RATES OF IMPORT DUTY ON CERTAIN IMPORTED ARTICLES UNDER SECTION 104 OF THE TARIFF AND CUSTOMS CODE OF 1978 (PRESIDENTIAL DECREE NO. 1464), AS AMENDED

WHEREAS, the government has continued to implement a tariff rationalization program aimed at promoting global competitiveness, simplifying the tariff structure for ease of customs administration and providing for a level playing field for domestic manufacturers;

WHEREAS, during the Competitiveness Caucus held on 4 July 1997, in consideration of recent developments in the domestic and international economic environments, it has agreed that a review of the phased tariff reduction which has been determined up to the year 2000 be undertaken;

WHEREAS, said review pointed to the need to correct the remaining distortions in the tariff structure and to smoothen the pace of the schedule of tariff reduction to deserving industries;

WHEREAS, the recalibration of the tariff reduction program shall not serve to delay or obviate the attainment of a uniform level of tariff protection by the year 2004;

NOW, THEREFORE,...

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Summary of Executive Order No. 465

Tariff Rationalization Program
- Aims to promote global competitiveness, simplify tariff structure, and provide level playing field for domestic manufacturers. (Preamble)
- Review of phased tariff reduction up to year 2000 was undertaken. (Preamble)
- Need to correct remaining tariff distortions and smoothen pace of tariff reduction schedule for deserving industries. (Preamble)
- Recalibration of tariff reduction program shall not delay attainment of uniform tariff protection level by 2004. (Preamble)

Import Duty Rates
- Articles listed in "Annex A" shall be subject to import duty rates according to schedule indicated. (Section 1)
- Upon effectivity, listed articles entered or withdrawn from warehouses shall be levied prescribed duty rates. (Section 2)

Revocation and Effectivity
- Provisions of Executive Order No. 264 (s. 1995) and other inconsistent issuances are revoked or modified. (Section 3)
- Executive Order shall take effect immediately after publication in two newspapers of general circulation. (Section 4)