(NAR) VOL. 11 NO.4 / OCT. – DEC. 2000
WHEREAS, the reduction in the rates of duty on
various products will provide the necessary assistance to domestic
industries to be globally competitive;
WHEREAS, Section 401 of
the Tariff and Customs Code of 1978, as amended, empowers the President
to increase, reduce or remove existing rates of duty, as well as to
modify the tariff nomenclature;
NOW, THEREFORE, I, JOSEPH
EJERCITO ESTRADA, 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" hereof, as classified under Section 104
of the Tariff and Customs Code of 1978, as amended, shall be subject to
the 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 "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withdrawn from warehouses in the Philippines for consumption shall be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 herein presented.
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 the 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 Two Thousand.
(Sgd.) JOSEPH EJERCITO ESTRADA
By the President
RONALDO B. ZAMORAExecutive Secretary