EXECUTIVE ORDER NO. 414

: The primary legal basis for Executive Order No. 414 is Section 401 of Republic Act No. 1937, otherwise known as the Tariff and Customs Code of the Philippines, as amended.
: Articles specifically mentioned include equipment for parlour, table and funfair games for adults or children (including billiard tables, pin-tables, and table-tennis requisites), appliances for gymnastics or athletics or sports, and musical instrument strings.
: The import duty rate for table tennis balls and rackets, including parts thereof, is 20% ad valorem.
: The rate of duty on other equipment for parlour, table and funfair games (other than table tennis balls and rackets) is 50% ad valorem.
: The import duty rate imposed is 20% ad valorem for appliances, apparatus, accessories and requisites for gymnastics, athletics, sports or outdoor games other than those falling within heading No. 97.04.
: The import duty rate prescribed for musical instrument strings is 20% ad valorem.
: The modified rates of import duty take effect thirty (30) days after the issuance of the Executive Order.
: An unwarranted increase in the prices of local products benefited by these tariff charges may be sufficient ground for the revocation of such tariff changes.
: President Ferdinand E. Marcos signed Executive Order No. 414.
: Ronaldo B. Zamora signed the Executive Order as the Assistant Executive Secretary.