MALACAÑANG
ManilaBY THE PRESIDENT OF THE PHILIPPINES
EXECUTIVE ORDER No. 479 December 23, 2005
MODIFYING THE RATES OF DUTY ON CERTAIN IMPORTED ARTICLES AS PROVIDED UNDER THE TARIFF AND CUSTOMS CODE OF 1978, AS AMENDED, IN ORDER TO IMPLEMENT THE PREFERENTIAL TARIFF RATES ON CERTAIN PRODUCTS UNDER THE ASEAN INDUSTRIAL COOPERATION (AICO) SCHEME, IN FAVOR OF TOYOTA MOTOR PHILIPPINES CORPORATION AND TOYOTA AUTOPARTS PHILIPPINES, INC. (TOYOTA) - COE NO. TOYOTA / 2005 / 31
WHEREAS, the Philippines is a Contracting Party to the Basic Agreement on the ASEAN Industrial Cooperation Scheme signed in Singapore on 27 April 1996;
WHEREAS, the Philippines is a signatory to the Protocol to Amend the Basic Agreement on the ASEAN Industrial Cooperation Scheme signed in Singapore on 21 April 2004;
WHEREAS, the Philippines is a participating country in the approved AICO Arrangements of Toyota Motor Philippines Corporation, and Toyota Autoparts Philippines, Inc. along with Malaysia;
WHEREAS, under the Toyota AICO Certificate of Eligibility No. Toyota/2005/31, the Philippines (Toyota Motor Philippines Corporation and Toyota Autoparts Philippines, Inc.) will...
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Executive Orders
Modifying The Rates of Duty on Certain Imported Articles as provided under the Tariff and Customs Code of 1978, as amended, in order to implement the Preferential Tariff Rates on certain products under the Asean Industrial Cooperation (AICO) Scheme, in favor of Toyota Motor Philippines Corporation and Toyota Autoparts Philippines, Inc. (TOYOTA) - COE No. TOYOTA / 2005 / 31
Executive Order No. 479
Summary of Executive Order No. 479
Preferential Tariff Rates on Certain Products under the ASEAN Industrial Cooperation (AICO) Scheme
- The Philippines is a Contracting Party to the Basic Agreement on the ASEAN Industrial Cooperation Scheme and its amendment.
- The Philippines is a participating country in the approved AICO Arrangements of Toyota Motor Philippines Corporation and Toyota Autoparts Philippines, Inc. along with Malaysia.
- Under the Toyota AICO Certificate of Eligibility No. Toyota/2005/31:
- The Philippines (Toyota Motor Philippines Corporation and Toyota Autoparts Philippines, Inc.) will import from Malaysia (Assembly Services Sdn. Bhd.) certain original equipment manufacture (OEM) automotive parts/components for Toyota Innova (AHTN 8703.90.27A / 8703.90.28A). (Section 1)
- In exchange, Malaysia (Assembly Services Sdn. Bhd.) will import from the Philippines complementary component parts for the OEM of Toyota Innova, Vios, Camry and Corolla.
- Participating companies in the approved Toyota AICO Arrangements shall qualify for 0% preferential tariff rates to be extended by Malaysia and the Philippines as participating countries. (Section 1)
- The articles listed in Annex "A" shall be accorded the AICO rate of 0% on parts/components as specified in Column 5. (Section 1)
- The AICO rate in Annex "A" shall be accorded to the AICO entity in Malaysia (Assembly Services Sdn. Bhd.) upon the effectivity of this Executive Order. (Section 2)
- The articles listed in Annex "A" that entered into or withdrawn from warehouses in the Philippines for consumption shall pay the applicable AICO preferential tariff rates, subject to qualification under the Rules of Origin for the CEPT, as evidenced by the Certificate of Origin - Form "D". (Section 3)
- This Executive Order shall take effect fifteen (15) days following its complete publication in two (2) newspapers of general circulation in the Philippines. (Section 5)
Preferential Tariff Rates on Certain Products under the ASEAN Industrial Cooperation (AICO) Scheme
- The Philippines is a Contracting Party to the Basic Agreement on the ASEAN Industrial Cooperation Scheme and its amendment.
- The Philippines is a participating country in the approved AICO Arrangements of Toyota Motor Philippines Corporation and Toyota Autoparts Philippines, Inc. along with Malaysia.
- Under the Toyota AICO Certificate of Eligibility No. Toyota/2005/31:
- The Philippines (Toyota Motor Philippines Corporation and Toyota Autoparts Philippines, Inc.) will import from Malaysia (Assembly Services Sdn. Bhd.) certain original equipment manufacture (OEM) automotive parts/components for Toyota Innova (AHTN 8703.90.27A / 8703.90.28A). (Section 1)
- In exchange, Malaysia (Assembly Services Sdn. Bhd.) will import from the Philippines complementary component parts for the OEM of Toyota Innova, Vios, Camry and Corolla.
- Participating companies in the approved Toyota AICO Arrangements shall qualify for 0% preferential tariff rates to be extended by Malaysia and the Philippines as participating countries. (Section 1)
- The articles listed in Annex "A" shall be accorded the AICO rate of 0% on parts/components as specified in Column 5. (Section 1)
- The AICO rate in Annex "A" shall be accorded to the AICO entity in Malaysia (Assembly Services Sdn. Bhd.) upon the effectivity of this Executive Order. (Section 2)
- The articles listed in Annex "A" that entered into or withdrawn from warehouses in the Philippines for consumption shall pay the applicable AICO preferential tariff rates, subject to qualification under the Rules of Origin for the CEPT, as evidenced by the Certificate of Origin - Form "D". (Section 3)
- This Executive Order shall take effect fifteen (15) days following its complete publication in two (2) newspapers of general circulation in the Philippines. (Section 5)