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EXECUTIVE ORDERS
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EXECUTIVE ORDER NO. 261 - AMENDING
EXECUTIVE ORDER NOS. 74 AND 162, SERIES OF 1999 AND 2003, RESPECTIVELY,
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
PHILIPPINES AUTO COMPONENT, INC. (PAC)-(COE NOS. DENSO/1998/1(A) AND
DENSO/2002/6(A)
WHEREAS,
AICO Certificate of Eligibility Nos. Denso/1998/1 and Denso/2002/6 were
issued on 04 November 1998 and 12 November 2002, respectively, to Denso
(Thailand) Co., Ltd. and Philippines Auto Component, Inc. as
participating companies in the Denso AICO Arrangement which shall
qualify for 0–5% preferential tariff rates, local content accreditation
where applicable, and other privileges to be extended by Thailand and
the Philippines;
WHEREAS, pursuant to the said Certificate of Eligibility, Executive
Order Nos. 74 and 162 dated 15 January 1999 and 10 January 2003,
respectively, were issued implementing the preferential tariff rates on
certain products under the AICO Arrangement of Philippines Auto
Component, Inc. and Denso (Thailand) Co., Ltd. on certain original
equipment manufacture (OEM) automotive parts/components;
WHEREAS, on 08 September 2003, AICO Certificate of Eligibility Nos.
Denso/1998/1(A) and Denso/2002/6(A) were re-issued to Denso
International (Thailand) Co. Ltd., Denso (Thailand) Co., Ltd. and
Philippines Auto Component, Inc., nullifying AICO Certificate of
Eligibility Nos. Denso/1998/1 and Denso/2002/6 issued to Philippines
Auto Component, Inc., and Denso (Thailand) Co., Ltd.;
WHEREAS, it is necessary to amend said Executive Order Nos. 74 and 162
to effect the participation of an additional company, Denso
International (Thailand) Co., Ltd., in the AICO Scheme between Thailand
and the Philippines.
NOW, THEREFORE, I, GLORIA MACAPAGAL ARROYO, President of the
Philippines, pursuant to the powers vested in me by law, do hereby
order:
Section 1.
“WHEREAS,
under the Denso AICO Arrangement, the Philippines (Philippines Auto
Component, Inc.) will import from Thailand (Denso International
(Thailand) Co., Ltd. and Denso (Thailand) Co., Ltd.) certain original
equipment manufacture (OEM) automotive parts/components.”
Sec. 2.
“The
AICO rates provided in Annex “A” shall be accorded to the AICO entities
in Thailand (Denso International (Thailand) Co., Ltd., and Denso
(Thailand) Co., Ltd.) upon the effectivity of this Executive Order.”
Sec. 3.
“WHEREAS,
under the Denso AICO Arrangement, the Philippines (Philippines Auto
Component, Inc.) will import from Thailand (Denso International
(Thailand) Co., Ltd, and Denso (Thailand) Co., Ltd.) certain original
equipment manufacture (OEM) automotive parts/components.”
Sec. 4.
“The
AICO rates provided in Annex “A” shall be accorded to the AICO entities
in Thailand (Denso International (Thailand) Co., Ltd., and Denso
(Thailand) Co., Ltd.) upon the effectivity of this Executive Order”.
Sec. 5.
Annex “C”
ARTICLES GRANTED PREFERENTIAL TARIFF UNDER THE APPROVED DENSO (PAC)
AICO SCHEME
HS CODE
(1)
9029.20 90
9405.40 90
Sec. 6.
Annex “A”
HS Code
8414.90 00
Sec. 7.
Done in the City of Manila,
this 30th day of December, in the year of Our Lord, Two Thousand and
Three.
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