Modifying The Nomenclature and The Rates of Import Duty on Various Products Under Section 104 of the Tariff and Customs Code of 1978 (Presidential Decree No. 1464, as amended)

MALACAÑANG
Manila

BY THE PRESIDENT OF THE PHILIPPINES

Executive Order No. 91 April 9, 2002

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

WHEREAS, the modification in the rates of duty of imported raw materials, intermediate inputs, machinery, and parts will provide the necessary assistance to domestic industries to be globally competitive vis-a-vis foreign counterparts;

WHEREAS, in these times of economic difficulty, local industries require urgent government assistance to keep their businesses viable;

WHEREAS, Section 401 of the Tariff and Customs Code of 1978, as amended, empowers the President to increase, reduce or remove existing rates of duty, as well as to modify the tariff nomenclature.

NOW, THEREFORE, I, GLORIA MACAPAGAL ARROYO, 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 and Customs Code of 1978,...

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Modifying the Nomenclature and the Rates of Import Duty on Various Products Under Section 104 of the Tariff and Customs Code of 1978 (Presidential Decree No. 1464, as amended)

- The rates of import duty on certain raw materials, intermediate inputs, machinery, and parts are modified to provide assistance to domestic industries and enhance their global competitiveness. (Section 1)
- The articles and their corresponding new import duty rates are listed in "Annex A". (Section 1)
- Tariff headings and rates not enumerated or represented by "X X X" in Annex A remain unchanged. (Section 2)
- The new duty rates apply to articles listed in Annex A that are entered or withdrawn from warehouses in the Philippines for consumption after the Executive Order's effectivity. (Section 3)
- Inconsistent presidential issuances, administrative rules, and regulations are revoked or modified accordingly. (Section 4)
- The Executive Order takes effect immediately after complete publication in two newspapers of general circulation in the Philippines. (Section 5)