PRESIDENTIAL DECREE NO. 1464

: The purpose is to consolidate and codify all the tariff and customs laws of the Philippines into a single comprehensive code known as the Tariff and Customs Code of 1978.
: It consolidates and codifies all tariff and customs laws embodied in the Tariff and Customs Code and various related laws, presidential decrees, and executive orders.
: The Tariff and Customs Code of 1978.
: The provisions took effect immediately as of June 11, 1978, considering the effectiveness of prior laws, decrees, and executive orders amending the code.
: The rates prior to the reduction to zero level are considered the statutory rates.
: Because the existing code had many provisions rendered obsolete or impractical due to subsequent amendments and lacked flexibility for changing trade demands, requiring harmonization and strengthening of enforcement.
: The decree consolidates and codifies prior amendments but respects the effective dates of the previous laws, decrees, and executive orders.
: To infuse flexibility, keep pace with trade demands, and strengthen penalties against smuggling and customs fraud.