MALACAÑANG
BY THE
PRESIDENT OF THE PHILIPPINES
EXECUTIVE
ORDER NO. 418
MODIFYING THE TARIFF NOMENCLATURE AND RATES OF IMPORT DUTY ON USED MOTOR
VEHICLES UNDER SECTION 104 OF THE TARIFF AND CUSTOMS CODE OF 1978
(PRESIDENTIAL DECREE NO. 1464, AS AMENDED)
WHEREAS, it is the
policy of the State to maintain a balance between development and
environmental protection, and hence, between motorization and air quality
management;
WHEREAS, it is the
policy of the State to protect the public against unreasonable risks to injury
associated with consumer products;
WHEREAS, there is a
need to mitigate the impact of used motor vehicle trading on air quality and
road safety;
WHEREAS, Article
II:1(b) of the 1994 General Agreement on Tariffs and Trade allows the
unilateral imposition of other duties and charges on tariff items that were
not previously the subject of concession;
WHEREAS, motor vehicles
were not covered by Schedule LXXV – Philippine Schedule of Concessions and
therefore, do not have tariff bindings;
WHEREAS, Section 401 of
the Tariff and Customs Code of 1978, 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 rates
of import duty indicated opposite each article, except for trucks, buses and
special purpose vehicles.
SEC. 2. In addition to
the regular rates of import duty, 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 additional specific duty of
PhP500,000.00.
SEC. 3. The amount of
specific duty will be indexed by the Secretary of Finance once every two (2)
years if the change in the exchange rate of the Philippine peso against the
United States (U.S.) dollar is more than ten percent (10%) from the date of
the effectivity of this Order, in the case of initial adjustment and from the
last revision date in the case of subsequent adjustments.
In case the change in the
exchange rate of the Philippine peso against the US dollar is more than twenty
percent (20%) at any time within the two-year period referred to above, the
Secretary of Finance shall index the amount by the full rate of depreciation
or appreciation, as the case may be.
SEC. 4. The following
motor vehicles shall be considered “used” and shall be subject to the duties
herein prescribed: (a) all motor vehicles that have been sold, registered and
operated in the roads/ highways of any foreign state or country; or (b) all
imported motor vehicles that has a mileage of more than 200 kilometers
regardless of year model.
SEC. 5. Upon the
effectivity of this Executive Order, the articles specifically listed in the
aforesaid Annex, which are entered and withdrawn from warehouses in the
Philippines, shall be levied the rates of import and specific duties herein
prescribed.
SEC. 6. All Presidential
issuances, administrative rules and regulations, or parts thereof, which are
inconsistent with this Executive Order are hereby revoked or modified
accordingly.
SEC. 7. This Executive
Order shall take effect thirty (30) days following its complete publication in
two (2) newspapers of general circulation in the Philippines.
Done in the City of Manila, this
4th day of April in the year of our Lord, Two Thousand and Five.
(signature of the President)
By the President:
(Sgd.) EDUARDO R. ERMITA
Executive Secretary
PGMA 30357
to view Annex A
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