Question & AnswerQ&A (EXECUTIVE ORDER NO. 404)
It orders that the rates of import duties on certain articles under Section 104 of Presidential Decree No. 1464, as modified by National Emergency Memorandum Order No. 8, Series of 1990, shall remain in force and effect until otherwise revised.
The Executive Order took effect beginning June 8, 1990.
It must be published in at least two national newspapers of general circulation.
Presidential Decree No. 1464, also known as the Tariff and Customs Code of 1978, as modified by National Emergency Memorandum Order No. 8, Series of 1990.
Catalino Macaraig, Jr. signed as Executive Secretary.
Section 104 of Presidential Decree No. 1464 is referenced regarding import duties.
The order extends the validity of existing import duty rates on certain articles without change until a new revision is made.
No, the Executive Order does not specify any penalties or sanctions; it only addresses the extension of import duty rates.