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EXECUTIVE ORDERS
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EXECUTIVE ORDER NO. 427 - MODIFYING
THE NOMENCLATURE AND RATES OF IMPORT DUTY ON CERTAIN IMPORTED ARTICLES
UNDER SECTION 104 OF THE TARIFF AND CUSTOMS CODE OF 1978 (PRESIDENTIAL
DECREE NO. 1464), AS AMENDED
WHEREAS,
the reduction in duty on the finished product to a level lower than its
raw material created a distortion which adversely affected the
operation and viability of the local manufacturer of tinplate;
WHEREAS, the local manufacturer has infused substantial amount of
capital in its expansion and modernization program to meet competition
under a liberalized trade regime;
WHEREAS, there is a need to rectify existing distortion in the tariff
structure and allow the local manufacturer a reasonable time to
position its product in the market on equal footing with imports;
NOW, THEREFORE, I, FIDEL V. RAMOS, President of the Republic of the
Philippines, by virtue of the powers vested in me by law, do hereby
order:
Section 1.
72.10
7210.12 00
7210.20
7210.20 10
7210.20 90
7210.30
7210.30 10
7210.30 90
7210.41
7210.41 10
7210.41 90
7210.49
7210.49 10
7210.49 90
7210.50 00
7210.61
7210.61 10
7210.61 90
7210.69
7210.69 10
7210.69 90
7210.70
7210.70 10
7210.70 90
7210.70 91
7210.70 92
7210.70 99
7210.90
7210.90 10
7210.90 90
72.12
7212.20
7212.20 10
7212.20 90
7212.30
7212.30 10
7212.30 90
7212.40
7212.40 10
7212.40 90
7212.40 91
7212.40 99
7212.50
7212.50 10
7212.50 20
7212.50 90
7212.60
7212.60 10
7212.60 90
Sec. 2.
Sec. 3.
Sec. 4.
Sec. 5.
DONE in the City of Manila,
this 21st day of July in the year of Our Lord, Nineteen Hundred and
Ninety-Seven.
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