Import Duty Rates Adjustment EO 241-2003

The Executive Order is issued under presidential authority to modify import duty rates and tariff nomenclature under Section 401 of the Tariff and Customs Code of 1978 (Presidential Decree No. 1464, as amended).
The Executive Order authorizes adjustments in duty rates on various products to provide temporary relief to local manufacturers and to enhance their competitiveness (preamble).
The Executive Order is framed to modify the nomenclature and the rates of import duty on specified products.

Section 1 covers the articles “specially listed” in Annex ‘A’.
The listed articles are those “as classified under Section 104 of the Tariff and Customs Code of 1978 (Presidential Decree No. 1464, as amended).
The import duty rates applicable to each listed article apply for the periods specified in the schedule shown in the column opposite each article (Section 1).

The rates of import duty for the articles in Annex ‘A’ are the rates indicated in the schedule opposite each article for the corresponding period (Section 1).
The nomenclature and rates for tariff headings not enumerated remain in force and effect (Section 2).
The nomenclature and rates for tariff headings that are listed but represented by the symbol “x x x” remain in force and effect (Section 2).

Upon the Executive Order’s effectivity, articles specifically listed in Annex ‘A’ that are entered and withdrawn from warehouse in the Philippines for consumption are levied the rate of duty prescribed in the Executive Order (Section 3).
The levy applies based on the status of the importation as a warehouse withdrawal for consumption after effectivity (Section 3).

All presidential issuances, administrative rules, and regulations, or parts thereof, that are inconsistent with the Executive Order are revoked or modified accordingly (Section 4).