Scope of Tariff Exemption
- Applies to enterprises engaged in agriculture and fisheries certified by the Department of Agriculture.
- Exemption from payment of tariffs and duties for five years from the effectivity of the Act.
- Covers importation of all types of agricultural and fishery inputs, machinery, and equipment.
- Imported assets must be exclusively used by the importing enterprise.
Legal Authority
- Presidential power to modify tariff rates based on Sections 104 and 401 of the Tariff and Customs Code of 1978 (Presidential Decree No. 1464), as amended.
- Modification possible upon recommendation of the National Economic and Development Authority (NEDA).
Duty-Free Import Regulations (Section 1)
- Importation rules and regulations for articles listed in Annex "C" follow guidelines specified in Annex "A".
Zero Duty for Articles in Annex "B" (Section 2)
- Articles classified under Section 104 and listed in Annex "B" receive zero percent (0%) duty until February 8, 2003.
- Importation of these articles is exempt from rules in Annex "A" including the certificate of eligibility or accreditation requirement.
Zero Duty for Articles in Annex "C" with Conditions (Section 3)
- Articles listed in Annex "C" also receive zero percent (0%) duty until February 8, 2003.
- Importation requires a certificate of eligibility or accreditation from the Department of Agriculture.
- Subject to rules and regulations outlined in Annex "A".
Periodic Review and Monitoring (Section 4)
- Department of Agriculture, Department of Finance, and Board of Investments to conduct annual review of Annexes "A", "B", and "C".
- Must consult private sector and other government institutions.
- Findings to be reported and possible amendments recommended to the President.
Effective Date and Application (Section 5)
- Rates of duty prescribed in this order apply upon effectivity.
- Applies to articles entered and withdrawn from warehouses in the Philippines.
Repeal and Modification of Inconsistent Issuances (Section 6)
- All conflicting Presidential issuances, administrative rules and regulations are revoked or amended accordingly.
- Specifically revokes Joint Department Administrative Order No. 1, series of 1998.
Effectivity Clause (Section 7)
- Executive Order takes effect thirty (30) days after complete publication in two newspapers of general circulation.
Annex Information
- Annexes "A", "B", and "C" detail the affected articles, eligibility requirements, and specific rules.
- Available for reference at the Tariff Commission and NEDA.