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EXECUTIVE ORDERS

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EXECUTIVE ORDER NO. 624

EXECUTIVE ORDER NO. 624 - MODIFYING THE RATES OF IMPORT DUTY ON CERTAIN IMPORTED ARTICLES AS PROVIDED UNDER PRESIDENTIAL DECREE NO. 1464, OTHERWISE KNOWN AS THE TARIFF AND CUSTOMS CODE OF 1978, AS AMENDED

WHEREAS, it is one of the objectives of the Government to promote exports and provide employment, reduce the unnecessary outflow of foreign currency and to make available to the greatest number of Filipinos at the least cost, products which they need in their daily life;

WHEREAS, to meet the above objective, Executive Order 609 was promulgated on August 1, 1980;  

WHEREAS, it is desirable to allow certain export enterprise registered with the Board of Investment or the Export Processing Zone Authority, which are employing a great number of Filipinos in the production of watches and other time pieces, to sell a part of their production not exceeding 20% to the local market in order to afford Filipinos a chance to purchase watches at the least and most economical price, while at the same time maintain their export capabilities.

NOW, THEREFORE, I, FERDINAND E. MARCOS, President of the Philippines, pursuant to the powers vested in me by Sec. 401 of Presidential Decree No. 1464, as amended, do hereby direct and order:

Section 1. The articles specifically listed below, as classified under Section 104 of Presidential Decree No. 1464 shall pay the rates of import duty indicated opposite each article:  

Tariff Heading Description of    Rate of Duty
No.   Articles   Present Recommended

91.07 Watch movements Unified
(including stop-watch, rate of
movements) assembled:
[................ ad. val. 30%]

A. When imported by watch

manufacturers which are
registered under Republic
Act 6135 and/or Presidential
Decree No. 66... ad val. 10%

B. Other  .............. ad val. 30%

91.08 Clock movements assembled: Unified
[................. ad val. 30%] rate of

A. When imported by watch

manufacturers which are
registered under Republic
Act 6135 and/or Presidential
Decree No. 66.... ad val. 10%

B. Other  ............... ad val. 30%

91.09 Watch cases and parts of watch Unified
cases: [ ........... ad val. 30%] rate of

A. When imported by watch  

manufacturers which are
registered under Republic
Act 6135 and/or Presidential
Decree No. 66.... ad val. 10%

B. Other    ................ ad val. 30%

91.10 Clock cases and cases of a
similar type for other goods Unified
of this Chapter, and parts rate of
thereof:
[ ............ ad val. 30%]  

A. When imported by watch

manufacturers which are
registered under Republic
Act 6135 and/or Presidential
Decree No. 66..... ad val. 10%

B. Other .................. ad val. 30%

91.11 Other clock and watch parts: Unified
[ .................. ad val. 30%] rate of

A. When imported by watch

manufacturers which are
registered under Republic
Act 6135 and/or Presidential
Decree No. 66.... ad val. 10%

B. Other  .................. ad val. 30%

Sec. 2. After the expiration of thirty days from the issuance of this order, all the above-described articles entered or withdrawn from customs warehouses in the Philippines, for consumption, shall be subject to the rates of import duty herein prescribed.  

Sec. 3. The amendment herein prescribed shall be in addition to those contained in Executive Order No. 609, dated August 1, 1980, including Annexes “A” and “B” thereof.

Done in the City of Manila, this 2nd day of October, in the year of Our Lord, nineteen hundred and eighty.

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