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EXECUTIVE ORDERS
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EXECUTIVE ORDER NO. 242 - AMENDING
EXECUTIVE ORDER NO. 93, SERIES OF 2002, ENTITLED “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 HONDA CARS
PHILIPPINES, INC. (HONDA)-(COE NOS. HONDA/2001/15 & HONDA/2001/16)”
WHEREAS,
AICO Certificate of Eligibility No. Honda/2001/16 was issued on 31
October 2001 to Oriental Assemblers Sdn. Bhd., Honda Autoparts
Manufacturing [M] Sdn. Bhd., and Honda Cars Philippines, Inc., as
participating companies in the Honda AICO Arrangement which shall
qualify for 0-5% preferential tariff rates, local content accreditation
where applicable, and other privileges to be extended by Malaysia and
the Philippines.
WHEREAS, pursuant to the said Certificate of Eligibility, Executive
Order No. 93 dated 9 April 2002 was issued implementing the
preferential tariff rates on certain products under the AICO
Arrangement of Honda Cars Philippines, Inc., Oriental Assemblers Sdn.
Bhd., and Honda Autoparts Manufacturing [M] Sdn. Bhd. on certain
original equipment manufacture (OEM) automotive parts/components for
Honda CR-V light commercial vehicles (8702.90 10) and Civil and Accord
passengers cars (8703.90 10);
WHEREAS, on 24 March 2003, AICO Certificate of Eligibility No.
Honda/2001/16(A) was issued to Honda Malaysia Sdn. Bhd., Honda
Autoparts Manufacturing [M] Sdn. Bhd., and Honda Cars Philippines, Inc.
thus nullifying AICO Certificate of Eligibility No. Honda/2001/16
issued to Oriental Assemblers Sdn. Bhd., Honda Autoparts Manufacturing
[M] Sdn. Bhd., and Honda Cars Philippines, Inc.;
WHEREAS, it is thus necessary to amend Executive Order No. 93 to effect
the change of one of the participating companies from Oriental
Assemblers Sdn. Bhd. To Honda Malaysia Sdn. Bhd.
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.
“WHEREAS,
under the Honda AICO Arrangement the Philippines (Honda Cars
Philippines, Inc.) will import from Malaysia (Honda Malaysia Sdn. Bhd.
And Honda Autoparts Manufacturing [M] Sdn. Bhn.) certain original
equipment manufacture (OEM) automotive parts/components for Honda CR-V
light commercial vehicles (HS 8702.90 10). In exchange Malaysia will
import from the Philippines complementary parts/components for the OEM
of Honda CR-V”
Sec. 2.
“The
AICO rate provided in Annex “A” shall be accorded to the AICO entity in
Indonesia (PT Honda Prospect Motor), and to the AICO entities in
Malaysia (Honda Malaysia Sdn. Bhd. And Honda Autoparts Manufacturing
[M] Sdn. Bhd.) upon the effectivity of this Executive
Order”
Sec. 3.
ANNEX “A”
ARTICLES GRANTED PREFERENTIAL TARIFF UNDER APPROVED HONDA AICO SCHEME
HS CODE
8702.90 10
Sec. 4.
Done in the City of Manila,
Philippines, this 3rd day of October, in the year of Our Lord, Two
Thousand and Three.
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