Import Duty Restructuring EO No. 8

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EXECUTIVE ORDER NO. 8: Import Duty Restructuring EO No. 8

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Title Supreme Court: Import Duty Restructuring EO No. 8

Law: Executive Order No. 8

Decision Date: Jul 24, 1992

Fidel V. Ramos restructures import duty rates and amends the classification of certain articles to promote economic recovery and enhance local industry competitiveness in a more open trade environment.

A

Legal Authority and Scope

Issued under the authority of Section 401 of Presidential Decree No. 1464, as amended.
Applies to articles listed in Annexes "A" and "B" classified under Section 104 of the Tariff and Customs Code of 1978, as amended.
Staged rates of import duties are prescribed with schedules indicated against each article.
Duty rates indicated for 1996 remain effective in subsequent years unless modified.

Import Duty Rates and Classification

Articles under Annexes "A" and "B" shall pay import duties as prescribed.
Rates to be applied progressively according to schedules.
Articles not listed in the annexes retain their previous rates and classification under Section 104 of the Tariff and Customs Code.

Implementation and Enforcement

Upon effectivity, the specified articles entering or withdrawn from warehouses for use in the Philippines are subject to the new duty rates.
Ensures the new import duty rates take precedence over inconsistent laws, orders, or regulations which are repealed or modified accordingly.

Effectivity and Publication

Executive Order takes effect thirty (30) days after publication.
Publication must be in two national newspapers of general circulation within the Philippines.

Signatories

Signed by President Fidel V. Ramos.
Implemented through the Acting Executive Secretary, Peter D. Garrucho, Jr.

END