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PRESIDENTIAL DECREE NO. 1690
PRESIDENTIAL DECREE NO. 1690 - TO
AMEND PARAGRAPH A OF Section 401, PRESIDENTIAL DECREE NO. 1464,
OTHERWISE KNOWN AS THE TARIFF AND CUSTOMS CODE OF 1978, AS AMENDED, BY
PROVIDING FLEXIBILITY IN THE REDUCTION AND MODIFICATION OF TARIFFS
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WHEREAS,
the tariff performs an important role in economic development.
WHEREAS, in addition to the power of legislation provided for in the
Amendment to the Constitution of October 1976, the executive authority
of the President to reduce tariffs requires flexibility in order to
establish a rational tariff structure.
WHEREAS, the modification of tariff rates in certain cases needs to be
attained in stages that will enable domestic industries reasonable time
to undertake necessary adjustments to changes in the level of
protection.
NOW, THEREFORE, I, FERDINAND E. MARCOS, President of the Republic of
the Philippines, by virtue of the powers vested in me by the
Constitution, do hereby decree and order as follows:cralaw:red
Section 1. The provisions contained in paragraph a of
Section 401 of Presidential Decree No. 1464, otherwise known as the
Tariff and Customs Code of 1978, is hereby amended to read as
follows: chanroblesvirtualawlibrary
"Sec. 401. Flexible Clause. —chanroblesvirtualawlibrary
a. In the interest of national economy, general
welfare an/or national security, and subject to the limitations herein
prescribed, the President, upon recommendation of the National Economic
and Development Authority (hereinafter referred to as NEDA), is hereby
empowered: (1) to increase, reduce or remove existing protective rates
of import duty (including any necessary change in classification). The
existing rates may be increased or decreased TO ANY LEVEL, IN ONE OR
SEVERAL STAGES, but in no case [shall the reduced rate of import duty
be lower than the basic rate of ten (10) per cent ad valorem, nor]
shall the increased rate of import duty be higher than a maximum of one
hundred (100) per cent ad valorem; (2) to establish import quota or to
ban imports of any commodity, as may be necessary; and (3) to impose an
additional duty on all imports not exceeding ten (10) per cent ad
valorem whenever necessary: Provided, That upon periodic investigations
by the Tariff Commission and recommendation of the NEDA, the President
may cause a gradual reduction of operation levels granted in Section
One Hundred and four of this Code, including those subsequently granted
pursuant to this section." chanroblesvirtualawlibrary
Section 2. This Decree shall take effect immediately.
DONE IN THE CITY OF MANILA,
this 17th day of April, in the year of Our Lord, nineteen hundred and
eighty.
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