(NAR) VOL. 7 NO. 2 / APRIL-JUNE 1996; 92 OG No. 3966 (June 24, 1996); Malaya, May 2, 1996
WHEREAS, importation of wheat for food is not subject to quantitative restrictions;
WHEREAS, Executive Order No. 313 increased the rate of duty on said commodity to 50%;
WHEREAS, it is necessary to revert the tariff rate thereon to its previous level;
WHEREAS,
Sec. 401 of the Tariff and Customs Code of 1978 (Presidential Decree
No. 1464), as amended, empowers the President to increase, reduce, or
remove existing protective rates of import duty, including any necessary
changes in classification, as well as to modify the form of duty upon
the recommendation of the National Economic Development Authority;
NOW, THEREFORE, I, FIDEL V. RAMOS, President of the Philippines, by virtue of the powers vested in me by law, do hereby order:
SECTION
1. The rates of import duty under heading no. 1001.90 90 of the
Harmonized System (HS) Tariff and Customs Code of the Philippines are
amended to read as follows:
HDG. NO. | HARMONIZED SYSTEM CODE | DESCRIPTION | RATE OF DUTY |
| | | July 1 |
|
|
| APRIL |
|
|
|
|
|
|
|
|
| 1996 | 1996 | 1997 | 1998 | 1999 | 2000 |
|
|
|
|
|
|
|
|
|
|
10.01 |
| Wheat and meslin |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1001.10 | 00 | -x x x |
|
|
|
|
|
|
1001.90 |
| -Other |
|
|
|
|
|
|
1001.90 | 10 | -Wheat used as feed | 50 | 50 | 40 | 40 | 35 | 35 |
1001.90 | 90 | -Other | 10 | 10 | 10 | 10 | 10 | 10 |
SECTION
2. Upon the effectivity of this Executive Order, the abovementioned
articles which are entered into or withdrawn from warehouses in the
Philippines for consumption shall be levied the rates of duty herein
prescribed.
SECTION 3. All Presidential issuances, administrative
rules and regulations, or parts thereof, which are inconsistent with
this Executive Order are hereby revoked or modified accordingly.
SECTION
4. This Executive Order shall take effect immediately following its
complete publication in two (2) newspapers of general circulation in the
Philippines.
Adopted: 23 April 1996
(SGD.) FIDEL V. RAMOS
President of the Philippines
By the President:
(SGD.) RUBEN D. TORRES
Executive Secretary