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EXECUTIVE ORDERS
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EXECUTIVE ORDER NO. 162 - 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 PHILIPPINE AUTO
COMPONENTS, INC. (PAC)
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 Philippine Auto Components, Inc. along with
Thailand;
WHEREAS, under the PAC AICO Arrangement, the Philippines (Philippine
Auto Components, Inc.) will import from Thailand (Denso Thailand Co.,
Ltd) fan assy and shroud assy (H.S. Hdg No. 8414.90 00); evaporators
for air-conditioning machines (H.S. Hdg. No. 8419.89 10); upper/lower
tanks AI radiators, subassy, lower tanks for AI radiators (H.S. Hdg.
No. 8708.91 10); and core subassy (AI radiators) (H.S. Hdg. No. 8708.91
20). In exchange, Thailand will import from the Philippines fuel pump
module assy (H.S. Hdg. No. 8413.30 00);
WHEREAS, AICO Certificate of Eligibility (COE) No. Denso/2002/6 was
issued on 12 November 2002, in favor of the participating companies in
the Denso AICO Arrangement;
WHEREAS, in consonance with Articles 5 and 7 of the Basic Agreement of
the AICO Scheme, participating companies in the approved Denso AICO
Arrangements shall qualify for 0–5% preferential tariff rates to be
extended by Thailand and the Philippines for Denso as participating
countries, effective within 45 days from the date of issuance of the
Certificate of Eligibility No. Denso/2002/6 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.
Done in the City of Manila,
this 10th day of January, in the year of Our Lord, Two Thousand and
Three.
ANNEX “A”
ARTICLES GRANTED PREFERENTIAL TARIFF UNDER THE APPROVED PHILIPPINE AUTO
COMPONENTS, INC. (PAC) AICO SCHEME
H.S. Code
8414.90 00
8419.89 10
8708.91 10
8708.91 20
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Since 19.07.98.