QuestionsQuestions (EXECUTIVE ORDER NO. 241)
It is “Executive Order No. 241 — October 02, 2003,” dated October 2, 2003.
To modify the rates of duty on certain products to provide temporary relief to local manufacturers and enhance their competitiveness, considering developments in the domestic and global economic environments.
Section 401 of the Tariff and Customs Code of 1978 (Presidential Decree No. 1464, as amended).
The articles listed in Annex “A” are classified under Section 104 of the Tariff and Customs Code of 1978, as amended.
Articles specifically listed in Annex “A” shall be subject to the rates of import duty for specified periods, according to the schedule indicated opposite each article.
Their nomenclature and rates of import duty remain in force and effect.
Their nomenclature and rates of import duty remain in force and effect (i.e., the EO does not change them).
Upon effectivity of the EO, articles in Annex “A” entered and withdrawn from warehouse in the Philippines for consumption are levied the rate of duty prescribed in EO 241.
Thirty (30) days following its complete publication in two (2) newspapers of general circulation in the Philippines.
It refers to imports that are entered and withdrawn from customs/warehouse for use domestically, at which point the prescribed duty rates apply.
All prior presidential issuances, administrative rules and regulations, or parts thereof inconsistent with EO 241 are revoked or modified accordingly.
Only those specifically listed in Annex “A” are subject to the modified rates (Section 1), while unlisted headings remain unchanged (Section 2).
To increase, reduce, or remove existing rates of import duty and to modify tariff nomenclature (as empowered under the cited section).
The previous (existing) nomenclature and rates remain in force, because Section 2 says unenumerated headings are unaffected.
It implies that the duty rates for listed products may vary over time; students should look for the specific time periods and corresponding rates in the full Annex/schedule.