ChanRobles Virtual law Library
PHILIPPINE LAWS, STATUTES & CODES
A collection of Philippine laws, statutes and codes not included or cited in the main indices of the Chan Robles Virtual Law Library.
Home > Chan Robles Virtual Law Library > Philippine Laws, Statutes & Codes > :
Search for
www.chanrobles.com
:
EXECUTIVE ORDERS
PLEASE CLICK HERE FOR THE LATEST ➔ PHILIPPINE LAWS, STATUTES & CODES
EXECUTIVE ORDER NO. 306 - REDUCING
THE RATE OF IMPORT DUTY ON CRUDE OIL AS PROVIDED UNDER PRESIDENTIAL
DECREE NO. 1464, OTHERWISE KNOWN AS THE TARIFF AND CUSTOMS CODE OF
1978, AS AMENDED
WHEREAS,
there is need to keep the prices of electricity and other basic
commodities within the reach of the consuming public and to sustain the
economic recovery efforts;
WHEREAS, the import duty on crude oil, a basic raw material of fuel oil
and related products, has an impact on the prices of such commodities;
WHEREAS, further reduction in the rate of the customs duty on crude oil
is consistent with government policy to subject raw materials to lower
tariff rates than intermediate and finished goods.
NOW, THEREFORE, I, CORAZON C. AQUINO, President of the Philippines, by
virtue of the powers vested in me by Sec. 401 of Presidential Decree
No. 1464, as amended, do hereby order.
Section 1.
T.
H. No.
27.09
100
900
Sec. 2.
Sec. 3.
Sec. 4.
DONE in the City of Manila,
this 20th day of October, in the year of Our Lord, nineteen hundred and
eighty-seven.
chanrobles virtual law library
Back to Main
chan
robles virtual law library
Since 19.07.98.