EO Adjusting Import Duty Rates on Specified Goods

The law enumerates various products ranging from animal parts, dried vegetables, spices, seeds, natural yeast, minerals, aluminum products, fire-extinguishing preparations, textile materials, footwear, glassware, musical instruments to writing instruments.
Each item is assigned a specific tariff heading number for classification.
Duties are differentiated based on product type, use, or importer category (e.g., special lower rates for ceramic manufacturers or textile mills on certain items).
Unified or distinct rates are proposed, generally lowering some duties substantially (e.g., from 100% to 50% or from 70% to 20%) while others remain unchanged.

The new rates of import duty shall take effect after thirty (30) days from the issuance of this Executive Order.
All listed articles entered or withdrawn from warehouse in the Philippines for consumption after this period will be subject to the revised rates.

Any unjustified increase in prices of local products that benefit from these tariff changes is a ground for revocation of the changes.
This provision serves as a safeguard against price manipulation or exploitation following tariff adjustments.

The President of the Philippines issues this order under Section 401 of Republic Act No. 1937.
The order is signed and dated December 5, 1976, in Manila.
The Presidential Executive Assistant also co-signs the document.

Ad valorem duty: a duty calculated as a percentage of the value of the imported goods.
Tariff classification: organization of goods into tariff headings for customs duty assessment.
Prior authorization requirements: for certain seeds and textiles, authorization from government agencies like the Bureau of Plant Industry or joint authorization from the Tariff Commission and the Board of Investments is needed for preferential tariff rates.
Revocation clause ensures government control on tariffs linked to local economic conditions and consumer protection.