EXECUTIVE ORDER NO. 491

: The Board of Investments recommended the certification.
: The Board of Investments is operating pursuant to Section 8(c) of Republic Act No. 5186, otherwise known as the Investment Incentives Act.
: The tariff protection is structured as an increased customs duty on phthalic anhydride imports with a specific ad valorem rate of 30% duty imposed under the order.
: The condition is that the post-operative tariff rate may be modified according to Section 401 of the Tariff and Customs Code if industry conditions warrant such modifications.
: Tariff rates are: A) 10% ad valorem for polycarboxylic acids and related articles excluding B and C; B) 50% ad valorem for phthalate plasticizers and esters of phthalic anhydrides; C) 30% ad valorem for phthalic anhydrides.
: They become effective 30 days after the issuance of the order, on all articles entered or withdrawn from warehouses in the Philippines for consumption.
: It signifies that the industry is recognized for its priority status by the government and qualifies for special incentives such as tariff protection to encourage local manufacturing and industrial growth.
: Section 401 of the Tariff and Customs Code governs the modification of post-operative tariff rates.