Tariff import duty rates adjustment EO 465

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EXECUTIVE ORDER NO. 465: Tariff import duty rates adjustment EO 465

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Title Source: Supreme Court: Tariff import duty rates adjustment EO 465

Law: Executive Order No. 465

Decision Date: Jan 13, 1998

President Fidel V. Ramos issues an executive order to modify import duty rates and nomenclature for certain articles, aiming to enhance global competitiveness and streamline the tariff structure while ensuring a level playing field for domestic manufacturers.

Law Summary

Competitiveness Caucus Review

Convened on July 4, 1997, to assess tariff reductions scheduled through the year 2000.
Addressed recent domestic and international economic developments.
Identified the need to correct remaining distortions in the tariff structure.
Recommended smoothing the pace of tariff reductions for deserving industries.

Commitment to Uniform Tariff Protection by 2004

Recalibration of the tariff reduction program shall not delay the attainment of uniform tariff protection.
Target year for achieving uniform tariff levels set at 2004.

Specific Provisions on Import Duty Rates (Section 1)

Articles listed in "Annex A" under Section 104 of the Tariff and Customs Code are subject to the specified import duty rates.
Duty rates are indicated opposite each article in "Annex A".

Implementation of Duty Rates (Section 2)

Upon effectivity, articles listed in "Annex A" when entered or withdrawn from warehouses for consumption will be charged the new duty rates.

Revocation and Modification of Inconsistent Issuances (Section 3)

Executive Order No. 264 (1995) and other inconsistent Presidential issuances, administrative rules, or regulations are revoked or modified accordingly.

Effectivity and Publication (Section 4)

The Executive Order takes effect immediately after full publication in two newspapers of general circulation in the Philippines.

Legal Authority and Adoption

Signed by President Fidel V. Ramos under powers granted by law.
Adoption date: January 13, 1998.
Certified by Acting Executive Secretary Alexander P. Aguirre.

Note: The detailed list of articles and specific duty rates referenced as "Annex A" was not included in the text provided.

END