EXECUTIVE ORDER NO. 427, July 21, 1997

MODIFYING THE NOMENCLATURE AND RATES OF IMPORT DUTY ON CERTAIN IMPORTED ARTICLES UNDER SECTION 104 OF THE TARIFF AND CUSTOMS CODE OF 1978 (PRESIDENTIAL DECREE NO. 1464), AS AMENDED

Executive Orders July 21, 1997

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WHEREAS, the reduction in duty on the
finished product to a level lower than its raw material created a distortion
which adversely affected the operation and viability of the local manufacturer
of tinplate;

WHEREAS, the local manufacturer has
infused substantial amount of capital in its expansion and modernization
program to meet competition under a liberalized trade regime;

WHEREAS, there is a need to rectify
existing distortion in the tariff structure and allow the local manufacturer a
reasonable time to position its product in the market on equal footing with
imports;

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 following articles under Section
104 of the Tariff and Customs Code, as amended, shall have rates of import duty
in accordance with the schedule indicated opposite each article as listed
below:

HDG. NO.	HARMONIZED SYSTEM CODE	DESCRIPTION	Rate of Duty, (%)
			1997	1 January
			1997	1998	1999	2000
(1)	(2)	(3)	(4)	(5)	(6)	(7)
72.10		Flat-rolled products of iron or non-alloy steel, of a width of 600 mm or more, clad, plated or coated.
		– Plated or coated with tin:
	7210.11 00	– – Of a thickness of 0.5 mm or more	10	3	3	3
	7210.12 00	– – Of a thickness of less than 0.5 mm	10	3	3	3
	7210.20	– x x x
	7210.20 10	– – – x x x
	7210.20 90	– – – x x x
	7210.30	– x x x
	7210.30 10	– – – x x x
	7210.30 90	– – – x x x
		– x x x
	7210.41	– – x x x
	7210.41 10	– – – x x x
	7210.41 90	– – – x x x
	7210.49	– – x x x
	7210.49 10	– – – x x x
	7210.49 90	– – – x x x
	7210.50 00	– Plated or coated with chromium oxides or with chromium and chromium oxides	10	3	3	3
		– x x x
	7210.61	– – x x x
	7210.61 10	– – -x x x
	7210.61 90	– – – x x x
	7210.69	– – x x x
	7210.69 10	– – – x x x
	7210.69 90	– – – x x x
	7210.70	– x x x
	7210.70 10	– – – x x x
	7210.70 90	– – – x x x
	7210.70 91	– – – – x x x
	7210.70 92	– – – – x x x
	7210.70 99	– – – – x x x
	7210.90	– x x x
	7210.90 10	– – – x x x
	7210.90 90	– – – x x x
72.12		Flat-rolled products of iron or non-alloy steel, of a width of less than 600 mm, clad, plated or coated.
	7212.10 00	– Plated or coated with tin	10	3	3	3
	7212.20	– x x x
	7212.20 10	– – – x x x
	7212.20 90	– – – x x x
	7212.30	– x x x
	7212.30 10	– – – x x x
	7212.30 90	– – – x x x
	7212.40	– x x x
	7212.40 10	– – – x x x
	7212.40 90	– – – x x x
	7212.40 91	– – – – x x x
	7212.40 99	– – – – x x x
	7212.50	– x x x
	7212.50 10	– – – x x x
	7212.50 20	– – – x x x
	7212.50 90	– – – x x x
	7212.60	– x x x
	7212.60 10	– – – x x x
	7212.60 90	– – – x x x

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 effect.

SEC. 3. Upon the effectivity of this
Executive Order, the abovementioned articles which are entered or withdrawn
from warehouses in the Philippines for consumption shall be levied the rates of
duty herein prescribed.

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

SEC. 5. This Executive Order shall take
effect upon complete publication in two (2) newspapers of general circulation
in the Philippines.

DONE in the City of Manila, this 21st day of July 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

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