MODIFYING THE
NOMENCLATURE AND THE RATES OF IMPORT DUTY ON CERTAIN IMPORTED ARTICLES
UNDER SECTION 104 OF THE TARIFF AND CUSTOMS CODE OF 1978 (PRESIDENTIAL
DECREE NO. 1464), AS AMENDED
WHEREAS, tariff adjustments on
certain items are necessary to rectify some oversight under EO 334;
WHEREAS, clarification in the interpretation and application of certain
provisions of Executive Order No. 334 dated 03 January 2001 need to be
provided to ensure its efficient implementation;
WHEREAS, certain subheadings which were inadvertently omitted in EO 334
need to be restored;
NOW,
THEREFORE, I, GLORIA MACAPAGAL ARROYO,
President of the Philippines, by virtue of the powers vested in me by law, do
hereby order:
SECTION 1. The articles specifically listed in Annexes "A" and
"B" hereof, as classified under Section 104 of the Tariff and
Customs Code of 1978, as amended, shall be subject to the rates of import duty
in accordance with the schedule indicated opposite article.
SEC.
2. The nomenclature and the rates of import duty on tariff headings not
enumerated in such annexes and those listed but represented by the symbol
"XXX" shall remain in force and effect.
SEC.
3. Upon the effectivity of this Executive Order, the articles specifically
listed in the aforesaid Annexes "A" and "B" which are
entered in or withdrawn from warehouses in the Philippines for consumption
shall be levied the rates of duty herein prescribed.
SEC. 4
All other Presidential issuances, administrative rules and regulations, or
parts thereof, which are inconsistent with this Executive Order are hereby
revoked or modified accordingly.
SEC. 5.
Annex " A" of this Executive Order shall take effect retroactive
01 January 2001 while Annex "B" shall take effect immediately
following complete publication in two (2) newspapers of general circulation in
the Philippines.
Done in
the City of Manila, this 17th day of April, in the year of Our
Lord, two thousand and one.
