EXECUTIVE ORDER NO. 476

: The legal basis is Section 401 of Republic Act No. 1937, otherwise known as the Tariff and Customs Code of the Philippines, as amended.
: To modify the rates of import duty on certain imported articles as provided under the Tariff and Customs Code of the Philippines.
: After 30 days from the issuance, all described articles entered or withdrawn from warehouse in the Philippines for consumption shall be subject to the prescribed new rates of import duty.
: Any unwarranted increase in prices of local products benefitted by the tariff changes shall be sufficient ground for the revocation of such tariff changes.
: The proposed rate of import duty is 50% ad valorem.
: The proposed import duty rate is 20% ad valorem.
: The unified proposed import duty rate for inactive natural yeast is 50% ad valorem.
: Special sports footwear equipped with spikes, studs, bars (e.g., athletic football, track and field shoes, and hockey boots), except golf shoes, have a proposed unified rate of 20% ad valorem.
: The proposed import duty rate for grand pianos is a unified rate of 20% ad valorem.