MODIFYING THE NOMENCLATURE AND THE MOST-FAVOURED-NATION (MFN) RATES OF IMPORT DUTY ON VARIOUS AGRICULTURAL PRODUCTS UNDER SECTION 104 OF THE TARIFF AND CUSTOMS CODE OF 1978 (PRE…
WHEREAS,
the government has continued to implement a tariff rationalization
program aimed at promoting global competitiveness and providing for a
level playing field for the agriculture sector;
WHEREAS,
the government needs to extend the existing MFN tariff rates on some
agricultural products to help the agriculture sector to be efficient and
globally competitive;
WHEREAS,
Section 401 of the Tariff and Customs Code of 1978, as amended,
empowers the President to increase, reduce or remove existing protective
rates of import duty, as well as to modify the tariff nomenclature;
NOW, THEREFORE, I, GLORIA MACAPAGAL-ARROYO, President 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”[1] hereof, as classified
under Section 104 of the Tariff and Customs Code of 1978, as amended,
shall be subject to the MFN rates of import duty in accordance with the
schedule indicated opposite each article.
SECTION 2. The
nomenclature and the MFN 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listed in the aforesaid “Annex” which are entered or withdrawn from
warehouses in the Philippines for consumption shall be levied the rates
of duty as indicated therein.
SECTION 4. All
other 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 thirty (30) days following its
complete publication in two (2) newspapers of general circulation in the
Philippines.
Adopted: 15 March 2002
By the President:
(SGD.) ALBERTO G. ROMULO
Executive Secretary