EXECUTIVE ORDER NO. 140, February 27, 1987
MODIFYING THE RATES OF IMPORT DUTY ON CERTAIN IMPORTED ARTICLES AS PROVIDED FOR IN THE TARIFF AND CUSTOMS CODE OF 1978, AS AMENDED, IN ORDER TO IMPLEMENT THE MARGINS OF PREFEREN…
SECTION 1. The articles specifically listed hereunder as classified under Section 104 of the Tariff and Customs Code of 1978, as amended, shall be accorded the margins of tariff preference as specified in Column 4. In effect, such articles shall be subject to the Preferential Tariff for ASEAN in accordance with the schedule indicated opposite each article as specified in Column 5.
|
Tariff
Heading |
Description
of Product |
Rate of
Duty |
Margin of
Preference |
ASEAN
Preferential Tariff |
|
(1)
|
(2)
|
(3)
|
(4)
|
(5)
|
| ex. 33.06 900 | Creams and balms |
50%
|
Additional
20% |
30%
|
| 40.03 000 | Reclaimed rubber |
20%
|
Additional
5% |
15%
|
| ex 42.03 000 | Sports gloves of leather |
50%
|
Additional
20% |
30%
|
| ex 20.06 900 | Longan in air tight containers |
50%
|
Additional
10% |
35%
|
| ex 76.10 000 | Tubes for toothpaste |
30%
|
Additional
5% |
18%
|
SEC. 2. In the event that any subsequent changes are made in the basic Philippine rate of duty on any of the above-mentioned articles, such articles shall automatically be accorded the corresponding margins of preference indicated in Column 4.
SEC. 3. After the effective date of this Order, all the above-described articles entered or withdrawn from warehouse in the Philippines for consumption shall be subject to qualification un the Rules of Origin as prescribed in the Agreement on ASEAN Preferential Trading Arrangements ratified on August 1, 1977.
SEC. 4. This Executive Order shall take effect immediately.
DONE in the City of Manila, this 27th day of February in the year of Our Lord, nineteen hundred and eighty-seven.
By the President:
(Sgd.) JOKER P. ARROYO
Executive Secretary