MALACAÑAN PALACE
MANILABY THE PRESIDENT OF THE PHILIPPINES
EXECUTIVE ORDER No. 574
MODIFYING THE NOMENCLATURE AND THE RATES OF IMPORT DUTY ON VARIOUS PRODUCTS UNDER SECTION 104 OF THE TARIFF AND CUSTOMS CODE OF 1978, (PD 1464, AS AMENDED)
WHEREAS, the basic task of the 2004-2010 Medium-Term Philippine Development Plan is to fight poverty by building prosperity for the greatest number of Filipino people;
WHEREAS, it is the policy of the government to encourage the development of sustainable, prosperous and world-class domestic industries that will spur economic growth and create jobs;
WHEREAS, a dynamic economic landscape warrants a recalibration of the tariff structure consistent with the promotion of Philippine industries;
WHEREAS, Section 401 of the Tariff and Customs Code of 1978 (PD 1464, as amended), empowers the President of the Republic of the Philippines to increase, reduce or remove existing rates of import duty, as well as to modify the tariff nomenclature;
NOW, THEREFORE, I, GLORIA MACAPAGAL-ARROYO, President of the Republic of thePhilippines, by virtue of the powers vested in me by law,...
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Executive Orders
Modifying The Nomenclature And The Rates Of Import Duty On Various Products Under Section 104 Of The Tariff And Customs Code Of 1978, (Pd 1464, As Amended)
Executive Order No. 574
Summary of Executive Order No. 574
Modifying the Nomenclature and Rates of Import Duty on Various Products
- Aims to fight poverty by building prosperity for the greatest number of Filipinos. (Preamble)
- Promotes the development of sustainable, prosperous, and world-class domestic industries to spur economic growth and create jobs. (Preamble)
- Recalibrates the tariff structure to promote Philippine industries. (Preamble)
- Issued under the authority granted by Section 401 of the Tariff and Customs Code of 1978 (PD 1464, as amended), which empowers the President to modify import duty rates and tariff nomenclature. (Preamble)
- The articles listed in Annex "A" shall be subject to the Most-Favoured Nation (MFN) rate of import duty as indicated opposite each article. (Section 1)
- The MFN rates of import duty prescribed in Annex "A" shall be levied on the listed articles entered and withdrawn from warehouses in the Philippines for consumption upon the effectivity of this Executive Order. (Section 2)
- All Presidential issuances, administrative rules and regulations, or parts thereof, which are inconsistent with this Executive Order are hereby revoked or modified accordingly. (Section 3)
- This Executive Order shall take effect thirty (30) days following its complete publication in two (2) national newspapers of general circulation in the Philippines. (Section 4)
Modifying the Nomenclature and Rates of Import Duty on Various Products
- Aims to fight poverty by building prosperity for the greatest number of Filipinos. (Preamble)
- Promotes the development of sustainable, prosperous, and world-class domestic industries to spur economic growth and create jobs. (Preamble)
- Recalibrates the tariff structure to promote Philippine industries. (Preamble)
- Issued under the authority granted by Section 401 of the Tariff and Customs Code of 1978 (PD 1464, as amended), which empowers the President to modify import duty rates and tariff nomenclature. (Preamble)
- The articles listed in Annex "A" shall be subject to the Most-Favoured Nation (MFN) rate of import duty as indicated opposite each article. (Section 1)
- The MFN rates of import duty prescribed in Annex "A" shall be levied on the listed articles entered and withdrawn from warehouses in the Philippines for consumption upon the effectivity of this Executive Order. (Section 2)
- All Presidential issuances, administrative rules and regulations, or parts thereof, which are inconsistent with this Executive Order are hereby revoked or modified accordingly. (Section 3)
- This Executive Order shall take effect thirty (30) days following its complete publication in two (2) national newspapers of general circulation in the Philippines. (Section 4)