EXECUTIVE ORDER NO. 139 February 27, 1987
MODIFYING THE RATES OF IMPORT DUTY ON CERTAIN IMPORTED ARTICLES AS PROVIDED FOR IN THE TARIFF AND CUSTOMS CODE OF 1978, AS AMENDED, IN ORDER TO IMPLEMENT THE MARGINS OF PREFERENCE IN ACCORDANCE WITH THE DECISIONS OF THE SEVENTEENTH ASEAN ECONOMIC MINISTERS (AEM) MEETING AND THE EIGHTEENTH MEETING OF THE COMMITTEE ON TRADE AND TOURISM (COTT).
Pursuant to the powers vested in me under Section 402 of the Tariff of Customs Code of 1978, as amended, I, CORAZON C. AQUINO, President of the Philippines, do hereby order:
Sec. 1. The articles specifically listed in Annex "'A" hereof as classified under Section 104 of the Tariff and Customs Code of 1978, as amended, shall be accorded the margins of preference as specified in Column 4 of the said "Annex "A". In effect, such articles shall be subject to the Preferential Tariff for ASEAN in accordance with the schedule indicated opposite each article as specified in Column 5 of the said Annex "A".
Sec. 2. In the event...
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Executive Orders
Modifying the Rates of Import Duty on Certain Imported Articles as Provided For in the Tariff and Customs Code of 1978, as Amended, in Order To Implement the Margins of Preference in Accordance With the Decisions of the Seventeenth Asean Economic Ministers (AEM) Meeting and the Eighteenth Meeting of the Committee on Trade and Tourism (COTT).
Executive Order No. 139
Summary of Executive Order No. 139
Margins of Preference for Certain Imported Articles
- Certain imported articles listed in Annex "A" shall be accorded margins of preference as specified in Column 4 of Annex "A". (Section 1)
- These articles shall be subject to the Preferential Tariff for ASEAN in accordance with the schedule indicated in Column 5 of Annex "A". (Section 1)
- If the basic Philippine rate of duty on any of these articles changes, they shall automatically be accorded the corresponding margins of preference specified in Column 4 of Annex "A". (Section 2)
Implementation and Effectivity
- After the effectivity date of this Executive Order, the above-described articles entered or withdrawn from warehouses in the Philippines for consumption shall be subject to the prescribed rate of import duty, subject to qualification under the Rules of Origin specified in the Agreement on ASEAN Preferential Trading Arrangements ratified on August 1, 1977. (Section 3)
- This Executive Order shall take effect immediately. (Section 4)
Margins of Preference for Certain Imported Articles
- Certain imported articles listed in Annex "A" shall be accorded margins of preference as specified in Column 4 of Annex "A". (Section 1)
- These articles shall be subject to the Preferential Tariff for ASEAN in accordance with the schedule indicated in Column 5 of Annex "A". (Section 1)
- If the basic Philippine rate of duty on any of these articles changes, they shall automatically be accorded the corresponding margins of preference specified in Column 4 of Annex "A". (Section 2)
Implementation and Effectivity
- After the effectivity date of this Executive Order, the above-described articles entered or withdrawn from warehouses in the Philippines for consumption shall be subject to the prescribed rate of import duty, subject to qualification under the Rules of Origin specified in the Agreement on ASEAN Preferential Trading Arrangements ratified on August 1, 1977. (Section 3)
- This Executive Order shall take effect immediately. (Section 4)