Question & AnswerQ&A (EXECUTIVE ORDER NO. 471)
The main purpose of Executive Order No. 471 is to revise Appendix A of Republic Act No. 650, ban the importation of certain commodities, and provide the procedure for importing goods under Economic Cooperation Administration (ECA) authorizations.
Republic Act No. 650 regulates imports and provides other related purposes concerning import control in the Philippines.
Annex A contains the revised list of items under Appendix A of Republic Act No. 650; Annex B lists items whose importation is banned effective immediately; Annex C lists items whose importation is banned effective July 1, 1952.
The importation ban for items listed in Annex B takes effect immediately as of August 24, 1951.
The importation ban on commodities listed in Annex C takes effect on July 1, 1952.
Goods to be imported under ECA Procurement Authorizations shall not be licensed by the Import Control Commission. Applicants must apply to any Authorized Agent of the Central Bank of the Philippines for the necessary letters of credit, and the Authorized Agent will apply to the Central Bank for the covering Procurement Sub-Authorizations.
No, goods imported under ECA Procurement Authorizations are not licensed by the Import Control Commission.
Applicants for goods apply to any Authorized Agent of the Central Bank of the Philippines, who then applies to the Central Bank for the covering Procurement Sub-Authorizations.
The Import Control Commission recommended the revision of Appendix A.