ChanRobles Virtual law Library
PHILIPPINE LAWS, STATUTES & CODES
A collection of Philippine laws, statutes and codes not included or cited in the main indices of the Chan Robles Virtual Law Library.
Home > Chan Robles Virtual Law Library > Philippine Laws, Statutes & Codes > :
Search for
www.chanrobles.com
:
EXECUTIVE ORDERS
PLEASE CLICK HERE FOR THE LATEST ➔ PHILIPPINE LAWS, STATUTES & CODES
EXECUTIVE ORDER NO. 50 - MODIFYING
THE RATES OF DUTY ON CERTAIN IMPORTED ARTICLES AS PROVIDED UNDER THE
TARIFF AND CUSTOMS CODE OF 1978, AS AMENDED, IN ORDER TO IMPLEMENT THE
PREFERENTIAL TARIFF RATES ON CERTAIN PRODUCTS UNDER THE ASEAN
INDUSTRIAL COOPERATION (AICO) SCHEME, IN FAVOR OF LAGUNA AUTO-PARTS
MANUFACTURING CORPORATION (LAMCOR)
WHEREAS,
the Philippines is a Contracting Party to the Basic Agreement on the
ASEAN Industrial Cooperation Scheme (AICO) signed in Singapore on 27
April 1996;
WHEREAS, the Philippines is a participating country in the approved
AICO Arrangements of Laguna Auto-Parts Manufacturing Corporation
(LAMCOR) along with Indonesia;
WHEREAS, under the LAMCOR AICO Arrangement, the Philippines (Laguna
Auto-Parts Manufacturing Corporation) will import from Indonesia
certain parts/components for LAMCOR starter motors (HS Nos. 8483.60 00
and 8511.90 00), and in exchange Indonesia will import from the
Philippines complementary component parts of the starter motors and
alternators;
WHEREAS, AICO Certificate of Eligibility (COE) No. MEL/2001/2 was
issued on 15 January 2001 in favor of the participating companies in
the LAMCOR AICO Arrangement;
WHEREAS, in consonance with Articles 5 and 7 of the Basic Agreement of
the AICO Scheme, participating companies in the approved LAMCOR AICO
Arrangements shall qualify for 0-5% preferential tariff rates to be
extended by Indonesia and the Philippines as participating countries,
effective within 45 days from the date of issuance of the Certificate
of Eligibility No. MEL/2001/2 by the ASEAN Secretariat.
NOW, THEREFORE, I, GLORIA MACAPAGAL-ARROYO, President of the
Philippines, pursuant to the powers vested in me under Sec. 402 of
the Tariff and Customs Code of 1978, as amended, do hereby order:
Section 1.
Sec. 2.
Sec. 3.
Sec. 4.
Sec. 5.
Sec. 6.
DONE in the City of Manila,
this 3rd day of November, in the year of Our Lord, Two Thousand and One.
Annex “A”
ARTICLES GRANTED PREFERENTIAL TARIFF UNDER THE APPROVED LAMCOR AICO
SCHEME
Back to Main
Since 19.07.98.