MALACAÑANG
ManilaBY THE PRESIDENT OF THE PHILIPPINES
EXECUTIVE ORDER No. 449 July 22, 2005
MODIFYING THE RATE OF IMPORT DUTY ON BIOETHANOL FUEL UNDER SECTION 104 OF THE TARIFF AND CUSTOMS CODE OF 1978 (PRESIDENTIAL DECREE NO. 1464), AS AMENDED
WHEREAS, the government has adopted an energy independence agenda in view of increasing world prices of imported fuel oil;
WHEREAS, in support of government energy independence agenda, the Department of Energy is pursuing a program promoting the use of bioethanol as a blend for gasoline;
WHEREAS, since there is currently no local producer of bioethanol fuel, a reduction in tariff on subject article would assure the price competitiveness of ethanol-blended gasoline vis-à-vis other gasoline products;
WHEREAS, Section 401 of the Tariff and Customs Code of 1978 (Presidential Decree No. 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 form of duty and the tariff nomenclature under Section 104 of said Code;
NOW, THEREFORE,...
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Executive Orders
Modifying The Rate of Import Duty on Bioethanol Fuel Under Section 104 of the Tariff and Customs Code Of 1978 (Presidential Decree No. 1464), as amended
Executive Order No. 449
Summary of Executive Order No. 449
Modifying the Rate of Import Duty on Bioethanol Fuel
• Reduces the Most-Favoured-Nation (MFN) rate of import duty on bioethanol fuel to support the government's energy independence agenda and promote the use of bioethanol as a blend for gasoline. (Section 1)
• Specifies the tariff codes and corresponding MFN rates for the following bioethanol fuel products:
- 2207.20.11 (Denatured ethyl alcohol with strength exceeding 99% volume): 10% (Annex A)
- 2207.20.19 (Other denatured ethyl alcohol): 10% (Annex A)
• Maintains the existing tariff nomenclature and rates for tariff headings not enumerated or represented by "x x x". (Section 2)
• Applies the new MFN rates to bioethanol fuel products entered and withdrawn from warehouses in the Philippines for consumption after the effective date. (Section 3)
• Revokes or modifies any presidential issuances, administrative rules, and regulations that are contrary or inconsistent with this Executive Order. (Section 4)
• Takes effect 30 days after complete publication in two newspapers of general circulation in the Philippines. (Section 5)
Modifying the Rate of Import Duty on Bioethanol Fuel
• Reduces the Most-Favoured-Nation (MFN) rate of import duty on bioethanol fuel to support the government's energy independence agenda and promote the use of bioethanol as a blend for gasoline. (Section 1)
• Specifies the tariff codes and corresponding MFN rates for the following bioethanol fuel products:
- 2207.20.11 (Denatured ethyl alcohol with strength exceeding 99% volume): 10% (Annex A)
- 2207.20.19 (Other denatured ethyl alcohol): 10% (Annex A)
• Maintains the existing tariff nomenclature and rates for tariff headings not enumerated or represented by "x x x". (Section 2)
• Applies the new MFN rates to bioethanol fuel products entered and withdrawn from warehouses in the Philippines for consumption after the effective date. (Section 3)
• Revokes or modifies any presidential issuances, administrative rules, and regulations that are contrary or inconsistent with this Executive Order. (Section 4)
• Takes effect 30 days after complete publication in two newspapers of general circulation in the Philippines. (Section 5)