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EXECUTIVE ORDERS
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EXECUTIVE ORDER NO. 461 -
CERTIFYING THAT THE PRODUCTION OF SODIUM TRIPOLY- PHOSPHATE AS A
PREFERRED PIONEER INDUSTRY, SHALL BE ENTITLED TO POST-OPERATIVE TARIFF
PROTECTION
WHEREAS,
the Board of Investments has registered Polyphosphates Inc. for the
manufacture of sodium tripolyphosphate as a preferred pioneer industry;
and
WHEREAS, studies conducted by said Board indicate that due to increased
cost of raw materials, this project to be viable, needs tariff
protection in the interim, against competing imported items, which
importations constitute a drain in our foreign exchange
resources;
NOW, THEREFORE, I, FERDINAND E. MARCOS, President of the Philippines,
by virtue of the powers vested in me by the law, and upon the
recommendation of the Board of Investments, pursuant to the provisions
of Sec. 8(a) of Republic Act No. 5186, otherwise known as the
Investment Incentives Act, do hereby certify that the production in the
Philippines of sodium tripolyphosphate as a preferred pioneer industry
shall be entitled to a post-operative tariff protection in the form of
increased customs duty on sodium tripolyphosphates, subject to the
conditions that at any time during its effectivity, the post- operative
tariff rate may be modified in accordance with Section Four Hundred One
of the Tariff and Customs Code, whenever there is a financing that the
existing conditions in the industry warrant such modification.
Section 1.
Sec. 2.
Done in the City of Manila,
this 2nd day of February, in the year of Our Lord, nineteen hundred and
seventy-six.
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