Question & AnswerQ&A (BC CUSTOMS ADMINISTRATIVE ORDER NO. 9-2007)
The main objective is to implement the Most Favored Nation (MFN) tariff rate modification from three percent (3%) to seven percent (7%) on certain hot-rolled (HR) and cold-rolled (CR) steel products listed in Annex A of Executive Order No. 375.
Executive Order No. 375, which modifies the rates of import duty on certain iron and steel products under Section 104 of the Tariff and Customs Code of 1978 (Presidential Decree No. 1464), mandates the modification.
This order applies to shipments of hot-rolled (HR) and cold-rolled (CR) steel products listed in Annex A of Executive Order No. 375, entered at all ports in the Philippines.
Articles loaded on board on or before the effectivity date of this Order shall continue to enjoy the three percent (3%) MFN tariff rate.
All such prior orders, memoranda, or circulars or parts thereof which are inconsistent with this Order are deemed repealed and/or modified accordingly.
If any part or parts of this Order are held to be invalid or unconstitutional, the remaining parts shall remain in full force and effect.
It took effect immediately upon its publication in a newspaper of general circulation.
The modification is based under Section 104 of the Tariff and Customs Code of 1978 (Presidential Decree No. 1464).