Modifying the Rates of Import Duty on Certain Imported Articles as Provided Under Presidential Decree No. 1464, Otherwise, Known as the Tariff and Customs Code of 1978, in Order to Implement the Margins of Tariff Preference in Accordance With the Asean Agreement on Preferential Trading Arrangements With Respect to Certain Articles Negotiated During the Third Meeting of the Trade Preferences Negotiating Group and the Fifth and Sixth Meetings of the Asean Committee on Trade and Tourism

EXECUTIVE ORDER NO. 508 September 1, 1978

MODIFYING THE RATES OF IMPORT DUTY ON CERTAIN IMPORTED ARTICLES AS PROVIDED UNDER PRESIDENTIAL DECREE NO. 1464, OTHERWISE, KNOWN AS THE TARIFF AND CUSTOMS CODE OF 1978, IN ORDER TO IMPLEMENT THE MARGINS OF TARIFF PREFERENCE IN ACCORDANCE WITH THE ASEAN AGREEMENT ON PREFERENTIAL TRADING ARRANGEMENTS WITH RESPECT TO CERTAIN ARTICLES NEGOTIATED DURING THE THIRD MEETING OF THE TRADE PREFERENCES NEGOTIATING GROUP AND THE FIFTH AND SIXTH MEETINGS OF THE ASEAN COMMITTEE ON TRADE AND TOURISM

Pursuant to the powers vested in me by Section 402 of Presidential Decree No. 1464, I, FERDINAND E. MARCOS, President of the Philippines, do hereby direct and order:

Sec. 1. The articles specifically listed in Annex "A" hereof as classified under Section 104 of Presidential Decree No. 1464, shall be accorded the margin of tariff preference as specified in Column 4 of said Annex "A" hereof. In effect, such articles shall be subject to the Presidential Tariff for ASEAN indicated in Column 5 of said annex "A".

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Modifying Import Duty Rates on Certain Articles to Implement ASEAN Preferential Trading Arrangements

- Articles listed in Annex "A" classified under Section 104 of Presidential Decree No. 1464 shall be accorded the margin of tariff preference specified in Column 4 of Annex "A". (Section 1)
- Such articles shall be subject to the Presidential Tariff for ASEAN indicated in Column 5 of Annex "A". (Section 1)
- If basic Philippine duty rate changes on any of the articles, they shall automatically be accorded the corresponding margins of preference indicated in Column 4 of Annex "A". (Section 2)
- After the effective date, the above-described articles entered or withdrawn from warehouses in the Philippines for consumption shall be subject to the prescribed import duty rates, subject to qualification under the Rules of Origin prescribed in the Agreement on ASEAN Preferential Trading Arrangements ratified on August 1, 1977. (Section 3)
- The order shall take effect as of September 1, 1978. (Section 4)