Policy and purpose
- The production in the Philippines of fiberglass insulating materials is declared a preferred pioneer industry.
- The declared intent is to entitle that industry to post-operative tariff protection by increasing import duty rates on similar imported insulating products.
Coverage and scope of products
- Section 1 covers the production in the Philippines of fiberglass insulating materials.
- The tariff protection applies to imported glass wool insulating products that are similar to those manufactured or produced by ACI FIBERGLASS (PHILS.), INC.
- Section 2 identifies the affected import articles through tariff headings classified under Section 104 of Presidential Decree No. 1464, as amended.
- Tariff adjustments apply specifically to articles under tariff headings 68.07 and 70.20, including the enumerated sub-categories within each heading.
Tariff rates and import duty schedule
- Heading No. 68.07 applies to Slag, wool, rock wool and similar mineral exfoliated, vermiculite, expanded clays, foamed slag and similar expanded mineral materials; mixtures and articles of heat-insulating or sound-insulating mineral materials, other than those falling in Heading Nos. 68.12 or 68.13 or in chapter 69.
- For Heading 68.07, the duty rate is:
- A Unified rate of ad valorem 20% shown as the Present rate.
- A recommended schedule under the order:
- For Panels and Boards Made of Mineral Wool (ad. val.): 40% for 1983–1985, 30% for 1986, and 20% for 1987.
- For Others (ad. val.): 20% for 1983–1985, 20% for 1986, and 20% for 1987.
- Heading No. 70.20 applies to Glass fibre (including wool), yarns, fabrics and articles made therefrom.
- For Heading 70.20, the duty rate is:
- A Present rate of ad. val. 30% for Glass fibre (including wool) and ad. val. 40% for Others.
- A recommended schedule under the order:
- A. Glass Fibre (ad. val.): 30% for 1983–1985, 30% for 1986, and 30% for 1987.
- B. Glass Wool and Products (ad. val.): 40% for 1983–1985, 30% for 1986, and 30% for 1987.
- C. Others (ad. val.): 40% for 1983–1985, 40% for 1986, and 40% for 1987.
Price protection and tariff modification mechanism
- Section 3 treats any unwarranted increase in the prices of local products benefited by the tariff changes as ground for modification of the post-operative tariff rates.
- The BOI must make the proper representations with the Tariff Commission.
- The Tariff Commission is to act on the representations in accordance with Section 401 of the Tariff and Customs Code.
Repeal of inconsistent issuances
- Section 4 repeals all Orders, Rules and Regulations, or parts thereof, that are inconsistent with Executive Order No. 833.