EXECUTIVE ORDER NO. 918
EXECUTIVE ORDER NO. 918 - AMENDING
EXECUTIVE ORDER NO. 860, SERIES OF 1982
WHEREAS, Executive Order No. 860, series of
1982, imposing an additional import duty was promulgated as a necessary
measure to reduce importations to the barest minimum;
WHEREAS, the prevailing economic situation has made it necessary to the
further curtail importations by increasing the rate of the additional
import duty.
NOW, THEREFORE, I, FERDINAND E. MARCOS, President of the Republic of
the Philippines, by virtue of the powers vested in me by the
Constitution and the authority vested in me by Presidential Decree No.
1464, as amended, particularly Sec. 401 thereof, do hereby order and
ordain:
Section 1. Section 1 of Executive Order No. 860,
series of 1982, is hereby amended to read as follows:
“Section 1. Imposition of Additional Duty. — Except as herein
specifically provided, there shall be levied, collected and paid, in
addition to any other duties, taxes and charges imposed by law on all
importations into the Philippines, an additional duty of five per cent
(5%) ad valorem.”
Sec. 2. Sec. 2 of Executive Order No. 860,
series 1982, is hereby amended to read as follows:
“SEC.
2. Importations Exempt Under Existing Laws. — The
additional duty of five percent (5%) ad valorem shall also be levied,
collected and paid, even if the importation is exempt under existing
laws, except as provided in Sec. 4 hereof. In the case of
importations which are exempt in part, the five percent (5%) additional
duty shall be added to the non-exempt portion.”
Sec. 3. Sec. 3 of Executive Order No. 860,
series of 1982, is hereby amended to read as follows:
“SEC.
3. Importations Subject to PD No. 1395. — In the case
of importations subject to the provisions of Presidential Decree No.
1395 of May 31, 1978, the additional duty of five percent (5%) ad
valorem shall be levied, collected and paid in addition to the five
percent (5%) duty imposed thereunder.”
Sec. 4. Importations for release under re-export
bond. — In the case of importations for release under re-export bond
under the provisions of Section 105 of Presidential Decree No. 1464, as
amended and other special laws, the additional duty of five percent
(5%) ad valorem shall be assessed and included in the amount of the
required re-export bond.
Sec. 5. Sec. 4 of Executive Order No. 860,
series of 1982, is hereby amended to read as follows:
“SEC.
4. Exempt Importations. — The importations exempt
from the additional duty of five percent (5%) ad valorem imposed
hereunder are:
a)
those of government agencies, instrumentalities or
government owned or controlled corporations with existing contracts,
commitments, agreements or obligations (requiring such exemption) with
foreign countries, international institutions, associations or
organizations entitled to exemption pursuant to agreements or special
laws;
b) those of
the diplomatic corps under the provisions of paragraph K, Section 105,
Presidential Decree No. 1464, as amended;
c) personal
effects of returning Filipino diplomats under the provisions of the
penultimate paragraph, Section 105, Presidential Decree No. 1464, as
amended;
d) those of
bonded manufacturing warehouses under the provisions of Sec. 2002,
Presidential Decree No. 1464, as amended; Republic Act No. 3137;
Presidential Decree No. 1789, as amended by Batas Pambansa Blg. 391,
and firms operating in Export Processing Zones, and
e) those of
bonded smelting warehouses under the provisions of Sec. 2005,
Presidential Decree No. 1464, as amended.
Sec. 6. Effectivity. — This Executive Order shall
take effect immediately.
Done in the City of Manila,
this 3rd day of November, in the year of Our Lord, nineteen hundred and
eighty-three.