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EXECUTIVE ORDERS
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EXECUTIVE ORDER NO. 94 - REDUCING
THE 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
WHEREAS, under Executive Order No. 2 as
amended by Executive Order No. 5 series of 1992, cement and cement
clinker have a rate of import duty of zero percent (0%) until June 30,
1993;
WHEREAS, upon expiration of the said Executive Orders, the subject
articles will be subject to rates of duty of 20% and 10%, respectively,
under Executive Order No. 470, s. 1992; and
WHEREAS, in view of the uncertainty in the power supply situation, the
continued importation of the subject articles is imperative to 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 Republic 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 June in the year of Our Lord, Nineteen Hundred and
Ninety-Three.
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