Classification and Duty Rates on Specified Articles
- Article classifications correspond to Section 104 of Republic Act No. 1937.
- Tariff Heading No. 97.04 covers equipment for parlour, table, and funfair games for both adults and children, including billiard tables, pin-tables, and table-tennis requisites:
- Table tennis balls and rackets and parts thereof are subjected to an ad valorem duty of 20%.
- Other articles under this heading are subjected to an ad valorem duty of 50%.
- Tariff Heading No. 97.06 includes appliances, apparatus, accessories, and requisites for gymnastics, athletics, sports, and outdoor games not covered under Heading 97.04, subjected to a 20% ad valorem duty.
- Tariff Heading No. 92.09 covers musical instrument strings, subjected to a 20% ad valorem duty.
Effective Date and Application of Duty Rates
- The prescribed duty rates take effect 30 days after the issuance of this Executive Order.
- All described articles entered or withdrawn from warehouse in the Philippines for consumption after this 30-day period shall be subject to these rates.
Provision on Price Regulation and Revocation of Tariff Changes
- The Order includes a safeguard clause addressing local market impacts.
- Any unwarranted increase in prices of local products benefiting from these tariff rates may lead to revocation of the tariff adjustments.
Formal Execution and Authentication
- Signed by President Ferdinand E. Marcos on June 20, 1973, in Manila.
- Recorded and attested to by Assistant Executive Secretary Ronaldo B. Zamora.