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EXECUTIVE ORDERS
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EXECUTIVE ORDER NO. 2 -
EXTENDING THE EFFECTIVITY OF THE ZERO RATE OF IMPORT DUTY ON CEMENT AND
CEMENT CLINKER UNDER SECTION 104 OF PRESIDENTIAL DECREE NO. 1464,
OTHERWISE KNOWN AS THE TARIFF AND CUSTOMS CODE OF 1978, AS PROVIDED FOR
UNDER EXECUTIVE ORDER NO. 387
WHEREAS,
under Executive Order No. 387, cement and cement clinker have a rate of
import duty of zero percent (0%);
WHEREAS, under Executive Order No. 470, the above articles will be
subject to rates of duty of 20% and 10%, respectively, beginning 1 July
1992;
WHEREAS, the continued duty-free importation of such articles will
avert a possible shortage in the local supply that may otherwise result
in the spiralling of the prices thereof;
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.
Hdg.
No.
25.23
Sec. 2.
Sec. 3.
Sec. 4.
DONE in the City of Manila,
this 1st day of July, in the year of Our Lord, nineteen hundred and
ninety-two.
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