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EXECUTIVE ORDER
Manila BY THE PRESIDENT OF THE PHILIPPINES EXECUTIVE ORDER NO. 241 MODIFYING THE NOMENCLATURE AND THE RATES OF IMPORT DUTY ON VARIOUS PRODUCTS UNDER SECTION 104 OF THE TARIFF AND CUSTOMS CODE OF 1978 (PRESIDENTIAL DECREE NO. 1464, AS AMENDED).
WHEREAS, developments in the domestic and global economic environments
warrant the modification in the rates of duty on certain products to provide
temporary relief to local manufacturers and enable them to further enhance their
competitiveness. WHEREAS, Section 401 of the Tariff and Customs Code of 1978 (Presidential Decree No. 1464), as amended, empowers the President of the Republic of the Philippines to increase, reduce or remove existing rates of import duty, as well as to modify the tariff nomenclature. NOW, THEREFORE, I, GLORIA MACAPAGAL ARROYO, President of the Republic 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 for the periods in accordance with the schedule indicated in the column opposite each article; SECTION 2. The nomenclature and rates of import duty on tariff headings not enumerated and those listed but represented by the symbol "x x x" shall remain in force and in effect;
SECTION 3. Upon effectivity of this Executive Order, the articles specifically
listed in the aforesaid "Annex" which are entered and withdrawn from
warehouses in the Philippines for consumption shall be levied the rates of duty
herein prescribed;
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