EXECUTIVE ORDER NO. 760
EXECUTIVE ORDER NO. 760 - MODIFYING
THE RATES OF IMPORT DUTY ON CERTAIN IMPORTED ARTICLES AS PROVIDED UNDER
PRESIDENTIAL DECREE NO. 1464, AS AMENDED, IN ORDER TO IMPLEMENT THE
DECISION TAKEN BY THE ELEVENTH ASEAN ECONOMIC MINISTERS (AEM) MEETING
FOR AN INITIAL TARIFF CUT OF 50% FOR PRODUCTS IN THE ASEAN INDUSTRIAL
COMPLEMENTATION (AIC) PACKAGE
Pursuant to the powers vested in me
by Sec. 402 of Presidential Decree No. 1464, I, FERDINAND E. MARCOS,
President of the Philippines, do hereby direct and order:
Section 1. The articles specifically listed in Annex
“A” hereof as classified under Section 104 of Presidential Decree No.
1464, shall be accorded a fifty (50%) per centum margin of tariff
preference as an initial tariff cut on these articles which are
included in the ASEAN Industrial Complementation (AIC) Package as
decided by the Eleventh ASEAN Economic Ministers (AEM) Meeting. In
effect, such articles shall be subject to the Preferential Tariff for
ASEAN in accordance with the schedule indicated opposite each article
as specified in Columns 8-11 of said Annex “A”.
Sec. 2. Any subsequent change in the basic
Philippine rate of duty on the above-mentioned articles shall
automatically be accorded the fifty (50%) per centum margin of
preference as agreed upon.
Sec. 3. After the effective date of this Order,
all the above-described articles entered or withdrawn from warehouse in
the Philippines for consumption shall be subject to the rates of import
duty herein prescribed subject to qualification under the Rules of
Origin as prescribed in the Agreement on ASEAN Preferential Trading
Arrangements ratified on August 1, 1977.
Sec. 4. This Order shall take effect as of 1
January 1982.
Done in the City of Manila,
this 8th day of January, in the year of Our Lord, nineteen hundred and
eighty-two.
ANNEX “A”
ARTICLES INCLUDED IN THE FIRST PACKAGE OF THE ASEAN INDUSTRIAL
COMPLEMENTATION WHICH WERE ACCORDED A 50% MARGIN OF TARIFF PREFERENCE
No.
Tariff
Heading Rate of
Duty ASEAN Preferential Tariff No.
Product Description Effective on
Effective on articles
articles entered entered
1982
1983 1984 1985
1982 1983 1984
1985
(1) (2) (3)
(4) (5) (6)
(7) (8) (9)
(10) (11)
1. ex 73.29.000 Drive chains and
timing
chains
30% 30%
30% 30% 15%
15% 15% 15%
2. ex 87.09.100
20% 20%
20% 20% 10%
10% 10% 10%
3. ex 84.06.390 Diesel engine,
B-135 HP,
when imported upon prior
authorization
of the Board of Investments 20%
20% 20% 20%
10% 10% 10% 10%
4. ex 87.02.111
20% 20%
20% 20% 10%
10% 10% 10%
ex 87.02.112
30% 30% 30%
30% 15% 15%
15% 15%
5. ex 87.02.112 Safety seat belt
30% 30%
30% 30% 15%
15% 15% 15%
6. ex 62.05.900
80% 70% 60%
50% 40% 35%
30% 25%
7. ex 87.06.100 Crown wheels and
pinions 20% 20%
20% 20% 10%
10% 10% 10%
8. ex 87.09.900 Wheel rims for
motor cycle 20% 20%
20% 20% 10%
10% 10% 10%
9. ex 87.12.000
20% 20% 20%
20% 10% 10%
10% 10%
10. ex 87.09.900 Spokes and nipples
20%
20% 20% 20%
10% 10% 10% 10%
11. ex 87.09.000
20% 20% 20%
20% 10% 10%
10% 10%
12. ex 87.09.900 Motor cycle axles 20%
20% 20% 20%
10% 10% 10% 10%
13. ex 87.12.000 20%
20% 20% 20%
10% 10% 10% 10%
14. ex 84.65.000 Oil seals, when imported
upon prior authorization of
the
Board
of Investments
30% 30% 30%
30% 15% 15%
15% 15%
15. ex 40.10.300 V-belts, when imported upon
prior authorization of the
Board of
Investments
50% 40% 40%
40% 25% 20%
20% 20%
ex
87.02.111
30% 30% 30%
30% 15% 15%
15% 15%
ex 87.02.112
30% 30%
30% 30% 15%
15% 15% 15%
16. ex 87.06.100 Universal joints 20%
20% 20% 20%
10% 10% 10% 10%
17. ex 87.02.111 Body panels for commercial
vehicles of one ton and
above
20% 20% 20%
20% 10% 10%
10% 10%
18. ex 87.06.900
30% 30%
30% 30% 15%
15% 15% 15%
19. ex 87.02.111 Brake drums for trucks
20% 20%
20% 20% 10%
10% 10% 10%
20. ex 87.06.900
30% 30% 30%
30% 15% 15%
15% 15%
21. ex
87.02.111
20% 20% 20%
20% 10% 10%
10% 10%
ex 87.02.112
Heavy duty shock absorbers 30%
30% 30% 30%
15% 15% 15% 15%
ex 87.06.900
30%
30% 30% 30%
15% 15% 15% 15%
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