Question & AnswerQ&A (BOC MEMORANDUM CIRCULAR NO. 322-2000)
The purpose of Joint Administrative Order No. 2, Series of 2000 is to provide the Implementing Rules and Regulations governing the imposition of a countervailing duty under Republic Act No. 8751, also known as the Countervailing Duty Act of 1999.
The imposition of countervailing duty is governed under Republic Act No. 8751, The Countervailing Duty Act of 1999.
The government agencies involved include the Department of Trade and Industry (DTI), Department of Agriculture (DA), Department of Finance (DOF), the Tariff Commission, and the Bureau of Customs.
A countervailing duty is a tariff imposed on imported goods to offset subsidies provided by foreign governments to their exporters, which cause injury to the domestic industry.
The Tariff Commission has the authority to investigate and recommend the imposition of countervailing duties, which are implemented and collected by the Bureau of Customs.
The Department of Trade and Industry participates in the formulation and enforcement of policies and rules regarding the imposition of countervailing duties to protect domestic industries.
August 7, 2000 is the adoption date of the Implementing Rules and Regulations on the imposition of countervailing duty under Republic Act No. 8751, as stated in the BOC Memorandum Circular No. 322-2000.
The full text is available at the Office of the National Administrative Register, U.P. Law Center, Diliman, Quezon City.
It was signed by Mar Roxas (DTI Secretary), Edgardo J. Angara (DA Secretary), Jose Trinidad Pardo (DOF Secretary), Emmanuel T. Velasco (Tariff Commission Chairman), and Renato A. Ampil (Bureau of Customs Commissioner).