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 Panasonic Manufacturing Philippines Corporation (AICO Certificate No. MATSUSHITA/2004/2)
Download as PDF
Download as Word
My Notes
Highlights
New
Collections
Create a New Collection
Overview
Full Text
Details
Case
Agency Issuance Number
Published Date
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 Panasonic Manufacturing Philippines Corporation (AICO Certificate No. MATSUSHITA/2004/2)
Executive Order No. 445
July 5, 2005
Case Overview and Summary
Summary of Executive Order No. 445Preferential Tariff Rates for AICO Products
- Modifies duty rates on certain imported articles under the Tariff and Customs Code of 1978 to implement preferential tariff rates for products under the ASEAN Industrial Cooperation (AICO) Scheme. (Section 1)
- Grants 0% preferential tariff rate to specified products imported from AICO entities in Malaysia, namely:
- Gas stoves from Matsushita Electric Company (Malaysia) Bhd. (Section 1, Annex A)
- Split type air conditioners from Panasonic HA Air-Conditioning (M) Sdn. Bhd. (Section 1, Annex A)
- Fully automatic washing machines from Matsushita Electric Company (Malaysia) Bhd. (Section 1, Annex A)
- Vacuum cleaners from Matsushita Electric Company (Malaysia) Bhd. (Section 1, Annex A)
- Color TV sets from Panasonic AVC Networks Kuala Lumpur Malaysia Sdn. Bhd. (Section 1, Annex A)
- The preferential tariff rate shall be accorded to the specified AICO entities in Malaysia. (Section 2)
- The preferential tariff rate shall apply to qualified articles entered or withdrawn from warehouses in the Philippines for consumption, subject to Rules of Origin for the CEPT and Certificate of Origin-Form "D". (Section 3)
- Revokes or modifies any contrary or inconsistent presidential issuances, rules, and regulations. (Section 4)
- Takes effect immediately after publication in two newspapers of general circulation in the Philippines. (Section 5)
Amends
n/a
Amended by
n/a
Tags
Executive Issuances
Executive Orders
ASEAN Industrial Cooperation (AICO) Scheme
preferential tariff rates
gas stoves
split type air conditioners
fully automatic washing machines
vacuum cleaners
color TV sets
Matsushita Electric Company (Malaysia) Bhd.
Panasonic HA Air-Conditioning (M) Sdn. Bhd.
Panasonic AVC Networks Kuala Lumpur Malaysia Sdn. Bhd.
Rules of Origin for the CEPT
Certificate of Origin-Form "D"
Law
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 Panasonic Manufacturing Philippines Corporation (AICO Certificate No. MATSUSHITA/2004/2)
Executive Order No. 445
•July 5, 2005
MALACAÑANG
Manila
BY THE PRESIDENT OF THE PHILIPPINES
EXECUTIVE ORDER No. 445             July 5, 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 PANASONIC MANUFACTURING PHILIPPINES CORPORATION (AICO CERTIFICATE NO. MATSUSHITA/2004/2)
WHEREAS, the Philippines is a Contracting Party to the Basic Agreement on the ASEAN Industrial Cooperation Scheme (AICO) 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 Panasonic Manufacturing Philippines Corporation along with Malaysia;
WHEREAS, under the Panasonic AICO Certificate of Eligibility (COE) No. Matsushita/2004/2, the Panasonic Manufacturing Corporation will import gas stoves, fully automatic washing machines, and vacuum cleaners from Matsushita Electric Company (Malaysia) Bhd.;...
Login to see full content
Amends
n/a
Amended by
n/a
Tags
Executive Issuances
Executive Orders
ASEAN Industrial Cooperation (AICO) Scheme
preferential tariff rates
gas stoves
split type air conditioners
fully automatic washing machines
vacuum cleaners
color TV sets
Matsushita Electric Company (Malaysia) Bhd.
Panasonic HA Air-Conditioning (M) Sdn. Bhd.
Panasonic AVC Networks Kuala Lumpur Malaysia Sdn. Bhd.
Rules of Origin for the CEPT
Certificate of Origin-Form "D"
MALACAÑANG
Manila
BY THE PRESIDENT OF THE PHILIPPINES
EXECUTIVE ORDER No. 445             July 5, 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 PANASONIC MANUFACTURING PHILIPPINES CORPORATION (AICO CERTIFICATE NO. MATSUSHITA/2004/2)
WHEREAS, the Philippines is a Contracting Party to the Basic Agreement on the ASEAN Industrial Cooperation Scheme (AICO) 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 Panasonic Manufacturing Philippines Corporation along with Malaysia;
WHEREAS, under the Panasonic AICO Certificate of Eligibility (COE) No. Matsushita/2004/2, the Panasonic Manufacturing Corporation will import gas stoves, fully automatic washing machines, and vacuum cleaners from Matsushita Electric Company (Malaysia) Bhd.;...
Login to see full content