EXECUTIVE ORDER No. 334
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 reduction in tariff levels and in the spread of tariff rates towards a uniform level of protection across all sectors will promote global competitiveness, simplify the tariff structure for ease of customs administration and provide a level playing field for local manufacturers vis-à-vis foreign competition;WHEREAS, Section 401 of the Tariff and Customs Code of 1978 (Presidential Decree No. 1464), as amended, empowers the President to increase, reduce or remove existing protective rates of import duty, as well as to modify the form of duty upon the recommendation of the National Economic and Development Authority;
NOW, THEREFORE, I, JOSEPH EJERCITO ESTRADA, President of the Philippines, by virtue of the powers vested in me by law, do hereby order:
Section 1. The articles specifically listed in "Annex A" hereof, as classified under Section 104 of the Tariff...
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Executive Orders
MODIFYING THE NOMENCLATURE AND THE RATES OF IMPORT DUTY ON CERTAIN IMPORTED ARTICLES
Executive Order No. 334
Modifying the Nomenclature and the Rates of Import Duty on Certain Imported Articles
• Reduction in tariff levels and spread of tariff rates towards uniform level of protection across sectors will:
- Promote global competitiveness. (Whereas clause)
- Simplify tariff structure for ease of customs administration. (Whereas clause)
- Provide level playing field for local manufacturers vis-à-vis foreign competition. (Whereas clause)
• President is empowered to increase, reduce or remove existing protective rates of import duty, and modify form of duty upon recommendation of National Economic and Development Authority. (Section 401 of Tariff and Customs Code of 1978, as amended)
• Articles listed in "Annex A" shall be subject to rates of import duty per schedule indicated opposite each article. (Section 1)
• Nomenclature and rates of import duty on tariff headings not enumerated and those listed but represented by "X X X" shall remain in force and effect. (Section 2)
• Upon effectivity of this Executive Order, articles listed in "Annex A" entered or withdrawn from warehouses in Philippines for consumption shall be levied prescribed rates of duty. (Section 3)
• All other Presidential issuances, administrative rules and regulations, or parts thereof, which are inconsistent with this Executive Order are revoked or modified accordingly. (Section 4)
• This Executive Order shall take effect 01 January 2001 following complete publication in two newspapers of general circulation in Philippines. (Section 5)
• Reduction in tariff levels and spread of tariff rates towards uniform level of protection across sectors will:
- Promote global competitiveness. (Whereas clause)
- Simplify tariff structure for ease of customs administration. (Whereas clause)
- Provide level playing field for local manufacturers vis-à-vis foreign competition. (Whereas clause)
• President is empowered to increase, reduce or remove existing protective rates of import duty, and modify form of duty upon recommendation of National Economic and Development Authority. (Section 401 of Tariff and Customs Code of 1978, as amended)
• Articles listed in "Annex A" shall be subject to rates of import duty per schedule indicated opposite each article. (Section 1)
• Nomenclature and rates of import duty on tariff headings not enumerated and those listed but represented by "X X X" shall remain in force and effect. (Section 2)
• Upon effectivity of this Executive Order, articles listed in "Annex A" entered or withdrawn from warehouses in Philippines for consumption shall be levied prescribed rates of duty. (Section 3)
• All other Presidential issuances, administrative rules and regulations, or parts thereof, which are inconsistent with this Executive Order are revoked or modified accordingly. (Section 4)
• This Executive Order shall take effect 01 January 2001 following complete publication in two newspapers of general circulation in Philippines. (Section 5)