Legal Research Laws Modifying the Rates of Import Duty on Certain Imported Articles as Provided Under Republic Act No. 1937, Otherwise Known as...
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Modifying the Rates of Import Duty on Certain Imported Articles as Provided Under Republic Act No. 1937, Otherwise Known as the Tariff and Customs Code of the Philippines, as Amended

Executive Order No. 428

EXECUTIVE ORDER NO. 428 May 8, 1974

MODIFYING THE RATES OF IMPORT DUTY ON CERTAIN IMPORTED ARTICLES AS PROVIDED UNDER REPUBLIC ACT NO. 1937, OTHERWISE KNOWN AS THE TARIFF AND CUSTOMS CODE OF THE PHILIPPINES, AS AMENDED

Pursuant to the powers vested in me by section 401 of Republic Act No. 1937, as amended by Presidential Decree No. 230, I, FERDINAND E. MARCOS, President of the Philippines, do hereby direct and order that:

Sec. 1. The articles specifically listed hereunder as classified under Section 104 of republic Act No. 1937, as amended by Presidential Decree No. 230, shall pay the following rates of import duty:

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Modifying the Rates of Import Duty on Certain Imported Articles as Provided Under Republic Act No. 1937, Otherwise Known as the Tariff and Customs Code of the Philippines, as Amended
Modifying the Rates of Import Duty on Certain Imported Articles

- Establishes new import duty rates for certain articles under Section 104 of Republic Act No. 1937, as amended by Presidential Decree No. 230. (Section 1)
- The following articles and their corresponding import duty rates are specified:
• Fixed vegetable oils:
    • Linseed, soya bean, palm, tung and oiticica oils: 20% ad valorem (Section 1)
    • Other fixed vegetable oils: 50% ad valorem (Section 1)
• Essential oils, concretes, absolutes, and resinoids:
    • Peppermint, spearmint, lime, and lemon oils: 10% ad valorem (Section 1)
    • Other essential oils, concretes, absolutes, and resinoids: 50% ad valorem (Section 1)
- The new import duty rates shall apply to articles entered or withdrawn from warehouse in the Philippines for consumption after thirty (30) days from the issuance of this Order. (Section 2)
- Unwarranted increase in the prices of local products benefited by these tariff changes may be grounds for revocation of such tariff changes. (Section 3)

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"Tariff Heading No.

Description of Articles

Rate of Duty

15.07

Fixed vegetable oils, fluid or solid, crude, refined or purified:

A. Linseed, soya bean, palm, tung and oiticica

ad. val. 20%

B. Other

ad. val. 50%

33.01 A

Essential oils (terpeneless or not); concretes and absolutes; resinoids: