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EXECUTIVE ORDERS
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EXECUTIVE ORDER NO. 353 - REDUCING
THE RATES OF IMPORT DUTY ON CEMENT AND CLINKER UNDER PRESIDENTIAL
DECREE NO. 1464, OTHERWISE KNOWN AS THE TARIFF AND CUSTOMS CODE OF
1978, AS AMENDED
WHEREAS,
the improving political and economic climate in the country has
resulted in a marked increase in domestic construction activity;
WHEREAS, the construction boom has triggered a sharp demand for
construction materials, particularly cement which local production
cannot adequately meet in the short run;
WHEREAS, the shortage can be remedied only by importation;
WHEREAS, the import duties on cement and clinker, an essential input
therefor, have an impact on the prices of such commodities; and
WHEREAS, to ensure the availability of cement and to stabilize the
price of this basic construction material, there is a need to reduce
the import duties on these products.
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.
H.S.
Hdg.
25.33
2523.10 00
2523.10 10
2523.10 90
2523.21 00
2523.29 00
2523.30
2523.90 00
Sec. 2.
Sec. 3.
Sec. 4.
Done in the City of Manila,
this 27th day of March, in the year of Our Lord, nineteen hundred and
eighty-nine.
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