(NAR) VOL. 6 NO. 2 / APRIL - JUNE 1995
WHEREAS, with the expiration of the said Executive Order, the subject articles are now levied rates of duty of 20% and 10%, respectively, under Executive Order No. 470, s. 1992;
WHEREAS, in view of the sharp increase in the demand for cement in the domestic market, the continued importation of subject articles is imperative to avert a possible shortage in the local supply that may otherwise result in the spiraling of the prices thereof; and
WHEREAS, there is a need to reduce the tariff rates on subject articles to sustain their importation;
NOW, THEREFORE, I, FIDEL V. RAMOS, President of the Republic of the Philippines, by virtue of the powers vested in me by Section 401 of the Tariff and Customs Code, 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 (%) | |||
1995 | 1 Jan. 1996 | |||||
25.23 | Portland cement, | |||||
aluminous cement | ||||||
("ciment fondu"), | ||||||
slag cement, | ||||||
supersulphate | ||||||
cement and | ||||||
similar hydraulic | ||||||
cements, whether | ||||||
or not coloured | ||||||
or in the form of | ||||||
clinkers. | ||||||
2523.10 | - Cement clinkers: | |||||
2523.10 10 | - Cement clinker | |||||
other than for | ||||||
white cement | 3 | 3 | ||||
2523.10 90 | — x x x | |||||
- Portland cement: | ||||||
2523.21 00 | -- x x x | |||||
2523.29 00 | -- Other | 3 | 3 | |||
2523.30 00 | - x x x | |||||
2523.90 | - Other hydraulic | |||||
cements: | ||||||
2523.90 10 | — Pozzolan cement | |||||
and blended | ||||||
pozzolan | ||||||
cement | 10 | 10 | ||||
2523.90 90 | — x x x |
SECTION 2. Upon effectivity of this Executive Order, the aforementioned articles which are entered or withdrawn from warehouses in the Philippines for consumption shall be levied the duties herein prescribed.
SECTION 3. All executive orders, issuances, rules and regulations or parts thereof inconsistent with this Executive Order are hereby repealed or modified accordingly.
SECTION 4. This Executive Order shall take effect immediately upon its publication in two (2) national newspapers of general circulation in the Philippines.
Adopted: 04 March 1995
(SGD.) FIDEL V. RAMOS
President
By the President:
(SGD.) TEOFISTO T. GUINGONA, JR.
Executive Secretary