MODIFYING THE RATES OF
IMPORT DUTY ON CERTAIN ARTICLES UNDER SECTION 104 OF THE TARIFF AND CUSTOMS
CODE OF 1978 (PRESIDENTIAL DECREE NO. 1464), AS AMENDED
WHEREAS, it
is the policy of government to provide assistance to sectors facing economic
difficulties;
WHEREAS,
the poultry and livestock sectors require assistance to bring down the costs
of their inputs;
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 form of duty and the tariff nomenclature under Section 104 of the
Code;
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 Most-Favoured-Nation (MFN) import duty for the period
indicated in accordance with the schedule indicated opposite each article.
SEC. 2. The
nomenclature and the 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.
SEC. 3.
Upon the effectivity of this Executive Order, all articles listed in Annex
“A” which are entered or withdrawn from warehouses in the Philippines for
consumption shall be levied the MFN rates of duty therein prescribed.
SEC. 4 All presidential issuances, administrative rules and
regulations, or parts thereof, which are contrary to or inconsistent with
this Executive Order are hereby revoked or modified accordingly.
SEC. 5.
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 29th day of March, in the year of Our
Lord, Two Thousand and Four.
(signature of the President)
By
the President:
(Signed)
ALBERTO G. ROMULO
Executive Secretary
