EXECUTIVE ORDER NO. 862, February 19, 2010
IMPLEMENTING THE ZERO RATE OF IMPORT DUTY ON CEMENT AND CEMENT CLINKER UNDER SECTION 104 OF PRESIDENTIAL DECREE NO. 1464, OTHERWISE KNOWN AS THE TARIFF AND CUSTOMS CODE OF 1978,…
10 July 2009, the zero Most-Favored-Nation (MFN) rates of duty on cement
and cement clinker were extended for six (6) months, subject to further
review;
WHEREAS, pursuant to Section 3 of E.O. 819, series
of 2009, the Tariff and Related Matters (TRM) Committee reviewed the
need to continue the imposition of the zero MFN rates of duty on
cement and cement clinker;
WHEREAS, zero MFN rates of duty on cement and
cement clinker would support continued economic activity arising from
the construction sector undertaking all kinds of construction projects
despite the global economic slowdown;
WHEREAS, the NEDA Board endorsed on 26 January
2010 the TRM recommendation to implement zero MFN rates of duty on
cement and cement clinker for six (6) months, subject to further
review;
WHEREAS, Section 401 of the Tariff and Customs Code
of 1978 (Presidential Decree No. 1464) 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 MFN rates of
import duty in accordance with the schedule indicated opposite each
article.
SECTION 2. The nomenclature and the rates of import
duty on tariff headings not enumerated and those listed but represented
by the symbol “XXX” shall remain in force and in effect.
SECTION 3. Upon the effectivity of this Executive
Order, all articles listed in Annex “A” which are entered and withdrawn
from warehouses in the Philippines for consumption shall be levied the
MFN rates of duty of zero ad valorem for six (6) months, subject to
further review.
SECTION 4. All Presidential issuances,
administrative rules and regulations or parts thereof, which are
contrary to or inconsistent with this Executive Order are hereby revoked
or modified accordingly.
SECTION 5. This Executive Order shall take effect
immediately following its complete publication in the Official Gazette
or in a newspaper of general circulation in the Philippines.
DONE in the City of Manila, this 19 th day of February, in the year of Our Lord, Two Thousand and Ten.