Modification of Import Duty Rates and Tariff Headings

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EXECUTIVE ORDER NO. 47: Modification of Import Duty Rates and Tariff Headings

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Title Supreme Court: Modification of Import Duty Rates and Tariff Headings

Law: Executive Order No. 47

Decision Date: Oct 13, 1966

Ferdinand E. Marcos modifies import duty rates for tractors and bicycle parts, establishing new tariffs to take effect 30 days post-issuance, while allowing for revocation in case of unjustified price increases on local products.

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Modification of Tariff Heading 87.12

Tariff Heading 87.12 concerning parts and accessories of bicycles (headings 87.09, 87.10, and 87.11) is revised and supersedes previous provisions under Executive Order 225.
Bicycle carriers are subject to a 40% ad valorem import duty.
Bicycle frames are subject to a 75% ad valorem import duty.
Bicycle mudguards are subject to a 35% ad valorem import duty.
All other parts and accessories are subject to a 10% ad valorem import duty.

Implementation Period

The revised import duty rates shall take effect 30 days after issuance of the Executive Order.
These rates apply to articles entered or withdrawn from warehouse for consumption in the Philippines after this period.

Price Regulation and Revocation Clause

Any unjustified increase in prices of local products benefiting from these tariff rate changes may trigger revocation of the tariff modifications.
This provision serves as a safeguard against potential abuse of tariff privileges to inflate local market prices.

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