MALACAŅANG
MANILA
BY THE PRESIDENT OF THE
PHILIPPINES
EXECUTIVE ORDER NO. 465
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,
the government has continued to implement a tariff rationalization program
aimed at promoting global competitiveness, simplifying the tariff structure
for ease of customs administration and providing for a level playing field for
domestic manufacturers;
WHEREAS,
during the Competitive Caucus held on 4 July 1997, in consideration of recent
developments in the domestic and international economic environments, it was
agreed that a review of the phased tariff reduction which has been determined
up to the year 2000 be undertaken;
WHEREAS,
said review pointed to the need to correct the remaining distortions in the
tariff structure and to smoothen the pace of the schedule of tariff reduction
to deserving industries;
WHEREAS,
the recalibration of the tariff reduction program shall not serve to delay or
obviate the attainment of a uniform level of tariff protection by the year
2004;
NOW,
THEREFORE, I, FIDEL V. RAMOS, President of the Philippines, by virtue of
the powers vested in me by law, do hereby order:
SECTION 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 subject to the rates of import duty in accordance with the
schedule indicated opposite each article as listed in the aforementioned
"Annex".
SECTION 2. Upon the effectivity of this Executive Order, the articles
specifically listed in the aforesaid "Annex" which are entered or
withdrawn form warehouses in the Philippines for consumption shall be levied
the rates of duty herein prescribed.
SECTION 3. The provisions of Executive Order 264 (s. 1995) and all other
Presidential issuances, administrative rules and regulations, or parts
thereof, which are inconsistent with this Executive Order are hereby revoked
or modified accordingly.
SECTION 4. This Executive Order shall take effect immediately following
its complete publication in two (2) newspapers of general circulation in the
Philippines.
DONE
in the City of Manila, this 13th day of Jan in the year of Our
Lord, Nineteen Hundred and Ninety Eight.
(signature of the President)
BY THE PRESIDENT:
ALEXANDER P.
AGUIRRE
Acting Executive Secretary
Published in
The Manila Times and Malaya on 21 January 1998.
Full text available for reproduction upon request at the Tariff Commission .
