Modifying the Rates of Import Duty on Certain Imported Articles as Provided Under the Tariff and Customs Code of 1978, as Amended, in Order To Implement the Decision Taken By the Seventeenth Asean Economic Ministers (AEM) Meeting To Extend A 50% Margin of Preference To the Slaughtered Meat Aijv Product as Provided For in Article Ii Paragraph 6 of the Basic Agreement on Asean Industrial Joint Ventures (BAAIJV)

EXECUTIVE ORDER NO. 142 February 27, 1987

MODIFYING THE RATES OF IMPORT DUTY ON CERTAIN IMPORTED ARTICLES AS PROVIDED UNDER THE TARIFF AND CUSTOMS CODE OF 1978, AS AMENDED, IN ORDER TO IMPLEMENT THE DECISION TAKEN BY THE SEVENTEENTH ASEAN ECONOMIC MINISTERS (AEM) MEETING TO EXTEND A 50% MARGIN OF PREFERENCE TO THE SLAUGHTERED MEAT AIJV PRODUCT AS PROVIDED FOR IN ARTICLE II PARAGRAPH 6 OF THE BASIC AGREEMENT ON ASEAN INDUSTRIAL JOINT VENTURES (BAAIJV)

Pursuant to the powers vested in me by Section 402 of the Tariff and Customs Code of 1978, as amended, I, CORAZON C. AQUINO, President of the Philippines, do hereby order:

Sec. 1. The articles specifically listed hereunder as classified under Section 104 of the Tariff and Customs Code of 1978, as amended, shall be accorded the margin of preference as specified in Column 4. In effect, such article shall be subject to the Preferential Tariff for ASEAN in accordance with the schedule indicated opposite each article as specified in Column 5.

ASEAN

... Login to see full content Modifying Import Duty Rates on Certain Imported Articles • Provides a 50% margin of preference (MOP) on import duty rates for the following products: (Sec. 1) - Meat of bovine animal with bone in (ex. 02.01.100) - Preferential Tariff of 10% - Meat of bovine animal, boneless (ex. 02.01.200) - Preferential Tariff of 10% • The 50% MOP is initially accorded to the AIJV entity in Thailand until May 9, 1989. (Sec. 2) • After May 9, 1989, the 50% MOP will be automatically extended to any AIJV entity in any ASEAN member country producing the subject AIJV products. (Sec. 2) • The 50% MOP for the accredited AIJV entity in Thailand will remain effective irrespective of any subsequent change in the basic Philippine rate of duty on the mentioned articles. (Sec. 3) • After the effectivity of this Executive Order, the above-described articles entered or withdrawn from warehouses in the Philippines for consumption shall be subject to the qualification under the Rules of Origin as prescribed in the Agreement on ASEAN Preferential Trading Arrangements ratified on August 1, 1977. (Sec. 4) • This Executive Order takes effect immediately. (Sec. 5) submit AIC Grande Tower Garnet Road Ortigas Center, Pasig City Metro Manila Philippines Mobile No. +639451244898 digestph@gmail.com Please read our FAQ before contacting us. Legal Research Pricing Decisions Laws Taxation Corporate Labor Resources Bar Exams Reviewers Legal Aid Offices Court Directory Legal Dictionary Blog Legal Pricing Lawyers About Contact Us Hiring FAQs