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 1464), AS AMEN…

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WHEREAS, Section 104, and 401 of the Tariff and Customs Code of 1978
(Presidential Decree No. 1464), as amended, empower the President, upon the
recommendation of the National Economic and Development Authority, to increase,
reduce or remove existing protective rates of import duty, as well as to modify
the form of duty.

NOW, THEREFORE, I, FIDEL
V. RAMOS, 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
have the Most-Favored-Nation (MFN) rates of import duty in accordance with the
schedule indicated opposite each article as specified In columns 4-7 of said
Annex.

SECTION 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 effect.

SECTION 3. Upon the effectivity of this Executive Order, the articles
specifically listed in the aforesaid Annex “A” which are entered or withdrawn
from warehouses in the Philippines for consumption shall be levied the rates of
duty therein prescribed.

SECTION 4. All Presidential issuances, administrative rules and regulations, or
parts thereof, which are inconsistent with this Executive Order are hereby
revoked or modified accordingly.

SECTION 5. This Executive Order shall take effect fifteen (15) days following
its complete publication in two (2) newspapers of general circulation in the
Philippines

DONE in the City of Manila, this 15th day of September in the year of
Our, Lord Nineteen Hundred and Ninety-Seven.

(Sgd.) FIDEL
V. RAMOS
President of the Philippines

By the President:

(Sgd.) RUBEN D. TORRES
Executive Secretary

Reference: Annex A

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