, it is important
to ensure the stability of prices and adequacy of supply of cement for
government’s infrastructure programs including low-cost/mass housing
projects;
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 of 1978, as amended, shall be subject to
the Most-Favored-Nation (MFN) rate 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 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listed in Annex “A” which are entered and withdrawn from warehouses in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 rate of duty of
0% 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 thirty (30) days 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 4th day of November in the year of Our Lord, Two
Thousand and Eight.
(Sgd.) H.E. GLORIA
MACAPAGAL-ARROYO
By the
President:
(Sgd.) EDUARDO R.
ERMITAExecutive Secretary
ANNEX“A”
AHTN |
DESCRIPTION | RATE OF DUTY
(%) |
25.23 |
Portland cement, aluminous cement, 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 | --XXX
|
|
2523.10.90
| - - Other |
0 |
| -
Portland cement |
|
2523.21.00
| --XXX | |
2523.29 | - - Other
|
|
2523.29.10
| ---XXX | |
2523.29.90 | - - -
Other |
0 |
2523.30.00 | -XXX | |
2523.90.00 | - Other
hydraulic cements |
0 |