EXECUTIVE ORDER NO. 1 - REDUCING THE RATES OF IMPORT DUTY ON ELECTRIC GENERATING SETS UNDER PRESIDENTIAL DECREE NO. 1464, OTHERWISE KNOWN AS THE TARIFF AND CUSTOMS CODE OF 1978, AS AMENDED

WHEREAS, the nationwide shortage of electric power necessitates a concerted effort to remedy the energy crisis;  

WHEREAS, the existing conventional and non-conventional sources of the country’s electric energy cannot at present provide adequate supply of power to the detriment of the consuming sectors;

WHEREAS, the shortage of electric power supply can be partially remedies by electricity produced by electric generating sets;

WHEREAS, to ensure availability of electric generating sets and to serve as an incentive for their importation, there is a need to exempt the same from the payment of import duties;

NOW, THEREFORE, I, FIDEL V. RAMOS, President of the Philippines, by virtue of the powers vested in me by Sec. 401 of the Tariff and Customs Code, do hereby order:

Section 1. Electric generating sets under Section 104 of the Tariff and Customs Code, as amended, shall have a continued (0%) rate of import duty until June 30, 1995, which shall be subject to an annual review by the National Economic and Development Authority (NEDA) and tariff Commission and thereafter, the rates of duty shall be as provided therefor under Executive Order No. 470, to wit:  

Hdg. Harmonized Description   Rate of Duty (0%)
No. System Code Until 30 June 1995

85.02   Electric generating sets

- Generating sets with
   compression-ignition internal
   combustion piston engines
   (diesel) or semi-diesel engines:

Sec. 2. Upon effectivity of this Executive Order, the above articles which are entered or withdrawn from warehouses in the Philippines for consumption shall not be levied any duty.

Sec. 3. All orders, issuances, rules and regulations or parts thereof inconsistent with this Executive Order are hereby repealed or modified accordingly.

Sec. 4. This Executive Order shall take effect immediately.  

DONE in the City of Manila , this 30th day of June, in the year of Our Lord, nineteen hundred and ninety-two.
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