I. OBJECTIVES
To implement the MFN Tariff rate modification from three percent (3%) to seven percent (7%) on the hot-rolled (HR) and cold-rolled (CR) steel listed in Annex A of Executive Order No. 375, and as provided for in the Joint DTI-BOI, DOF, NEDA and BOC Administrative Order No. 01, series of 2006.
II. SCOPE
This Order shall cover shipments of hot-rolled (HR) and cold-rolled (CR) steel listed in Annex A of Executive Order No. 375, entered at all ports in the country.
III. ADDITIONAL RULES AND REGULATIONS
The Commissioner of Customs may issue additional rules and regulations for the effective implementation of this order.
IV. TRANSITORY PROVISIONS
Articles “loaded on board” on or before the effectivity date of this Order shall still enjoy the three percent (3%) MFN tariff rate.
V. REPEALING CLAUSE
All Orders, Memoranda, Circulars or parts thereof which are inconsistent with this Order are hereby deemed repealed and/or modified accordingly.
VI. SEPARABILITY CLAUSE
If any part or parts of this Order should for any reasons be held to be invalid or unconstitutional, the remaining parts hereof shall remain in full force and effect.
VII. EFFECTIVITY
This Order shall take effect immediately upon publication in a newspaper of general circulation.
Adopted: 09 Oct. 2007
(SGD.) NAPOLEON L. MORALES
Commissioner
APPROVED:
(SGD.) MARGARITO B. TEVES
Secretary of Finance
