EO 333 - Tariff Duty Modification for ASEAN BBC Vehicles

Modifies duty rates on certain imported automotive articles to implement a minimum 50% Margin of Preference (MOP).
Applies to items listed in Annex "A", classified under the Tariff and Customs Code of 1978, as amended.
The preferential tariff rates are detailed in specific columns of Annex "A".

For certain parts like radiators and panels for Corolla models, MOP granted exclusively to Malaysian and Thai entities (UMW Toyota Motor Sdn. Bhd. and Toyota Motor Thailand Co. Ltd.) from 1992 to 1996.
Similar exclusive MOP provisions apply to link assembly and steering gear for TUV vehicles, and transmission and trim parts under specified timelines.
After exclusivity periods, MOP may extend to non-participating ASEAN countries if they reciprocate.
If no reciprocation within an 8-year waiver period, exclusivity may be extended further up to specified dates.

The 50% MOP remains effective despite any later changes in the Philippine basic duty rates for the covered articles.
Imported articles must meet qualifications under the Rules of Origin as per the ASEAN Preferential Trading Arrangements.
Only qualified products shall be entitled to the BBC preferential tariff rates.

All covered imported articles must qualify under the prescribed Rules of Origin upon entry or withdrawal for consumption.
Revised part numbers for the listed articles are to be promptly communicated by ASEAN Secretariat to the Philippine Government.
The Department of Trade and Industry (DTI) must endorse updates to the Bureau of Customs within five days for implementation.

The Executive Order took effect immediately upon issuance in May 1996.
Time-bound provisions for exclusivity and extension periods are specified to ensure compliance and mutual benefit among ASEAN members.

Issued pursuant to Section 402 of the Tariff and Customs Code of 1978, as amended, empowering the President to modify tariffs.
Reinforces the Philippines' commitments under ASEAN economic integration and trade agreements.