EO 127 Adjusts Import Duty for Agri-Fisheries Goods

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EXECUTIVE ORDER NO. 127: EO 127 Adjusts Import Duty for Agri-Fisheries Goods

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Title Supreme Court: EO 127 Adjusts Import Duty for Agri-Fisheries Goods

Law: Executive Order No. 127

Decision Date: Sep 23, 2002

Gloria Macapagal-Arroyo's Executive Order No. 127 implements zero percent import duty on specific agricultural and fishery inputs, machinery, and equipment to enhance the competitiveness of the agriculture and fisheries sectors, as mandated by the Agriculture and Fisheries Modernization Act of 1997.

agriculture law

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Tariff Exemption for Agriculture and Fisheries Enterprises

Applies to enterprises certified by Department of Agriculture in consultation with Department of Finance and Board of Investments
Exemption valid for five years from effectivity of Republic Act No. 8435
Covers importation of agriculture and fishery inputs, machinery, and equipment
Imported items must be exclusively used by the importing enterprise

Implementation and Review Mechanism

Initial exemption implemented by Executive Order No. 133, 1999
Annual review of tariff exemption annexes by Department of Agriculture, Department of Finance, Board of Investments, and private sector
Possible amendments recommended to the President

Presidential Authority to Modify Import Duties

Empowered to increase, reduce, or remove protective import duties
Authority exercised upon recommendation of National Economic and Development Authority

Amendments to Existing Executive Order mechanisms

Replacing Economic Investigation and Intelligence Bureau (EIIB) with Bureau of Customs (BOC) in specific rules of EO 133

Tariff Rates for Specific Imported Articles

Articles listed in Annex B: zero percent (0%) duty until 08 February 2003
- No requirement for certificate of eligibility or accreditation
- EO 133 rules on importation do not apply
Articles listed in Annex C: zero percent (0%) duty until 08 February 2003
- Importation subject to certificate of eligibility or accreditation from Department of Agriculture
- Must comply with EO 133 rules

Enforcement and Applicability

New duty rates apply immediately upon effectivity of the Executive Order
Applies to articles entered and withdrawn from warehouses in the Philippines

Revocation and Modification of Inconsistent Issuances

Inconsistent presidential issuances and administrative rules are revoked or modified to conform with this Executive Order

Effectivity and Publication

Order takes effect immediately after publication in two newspapers of general circulation

END