Amendment to E.O. No. 87 (s. 2002) Re: Modified Rates of Duty on Certain Imported Articles

July 23, 2004 EXECUTIVE ORDER NO. 338 AMENDING EXECUTIVE ORDER NO.87, SERIES OF 2002, ENTITLED "MODIFYING THE RATES OF DUTY ON CERTAIN IMPORTED ARTICLES AS PROVIDED UNDER THE TARIFF AND CUSTOMS C OD E OF 1978, AS AMENDED, IN ORDER TO IMPLEMENT THE PREFERENTIAL TARIFF RATES ON CERTAIN PRODUCTSUNDER THE ASEAN INDUSTRIAL COOPERATION (AICO) SCHEME, IN FAVOR OF HONDACARS PHILIPPINES, INC. (HONDA) (COE NO. HONDA/2000/10/A)" WHEREAS, AICO Certificate of Eligibility No. Honda/2000/10 was issued on 19 June 2001 to Oriental Assemblers Sdn. Bhd.,Honda Autoparts Manufacturing [M] Sdn. Bhd.) and Honda Cars Philippines, Inc. as participating companies in the Honda AICO Arrangement which shall qualify for 0-5% preferential tariff rates, local content accreditation where applicable, and other privileges to be extended by Malaysia to the Philippines; TaSEHD WHEREAS, pursuant to said Certificate of Eligibility, Executive Order No. 87 dated 18 March 2002 was issued implementing tariff rates on certain products under the AICO Arrangement of Honda Cars Philippines, Inc., Oriental Assemblers Sdn. Bhd., and Honda Autoparts Manufacturing [M] Sdn. Bhd. on certain original equipment manufacture (OEM) automotive parts/components for Honda Civic passengers cars (HS Hdg. 8703.90 10); WHEREAS, on 18 February 2004, AICO Certificate of Eligibility No. Honda 2000/10(A) was re-issued to Honda Malaysia Sdn Bhd.,Honda Autoparts Manufacturing [M] Sdn. Bhd.,and Honda Cars Philippines, Inc. thus nullifying AICO Certificate of Eligibility No. Honda/2000/10 issued to Oriental Assemblers Sdn. Bhd.,Honda Autoparts Manufacturing [M] Sdn. Bhd. and Honda Cars Philippines, Inc.; WHEREAS, it is thus necessary to amend Executive Order No. 87 to the effect the change of one of the participating companies from Oriental Assemblers Sdn. Bhd. to Honda Malaysia Sdn, Bhd.; NOW, THEREFORE, I, GLORIA MACAPAGAL-ARROYO, President of the Philippines, pursuant to the powers vested in me under Section 402 of the Tariff and Customs Code of 1978, as amended, do hereby order: SECTION 1. The fourth WHEREAS Clause of Executive Order No. 87 dated 18 March 2002 is hereby amended to read as follows: "WHEREAS, under the Honda AICO Arrangement, the Philippines (Honda Cars Philippines) will import from Indonesia (P.T. Honda Prospect Motor) and Malaysia (Honda Malaysia Sdn. Bhd. and Honda Autoparts Manufacturing [M] Sdn. Bhd.) certain original equipment manufacture (OEM) automotive parts/components for Honda Civic passenger cars (AHTN 8703.90.26A, 8703.90.27A & 8703.90.28A).In exchange Indonesia and Malaysia will import from the Philippines other complementary parts/components for the OEM of Honda Civic. benchCDTA SECTION 2. Section 4 of Executive Order No. 87 dated 18 March 2002 is hereby amended to read as follows: "The AICO rate provided in Annex "B" shall be accorded to the AICO entities in Malaysia Honda Malaysia Sdn. Bhd. and Honda Autoparts Manufacturing [M] Sdn. Bhd.,and in Indonesia (P.T. Honda Prospect Motor) upon the effectivity of this Order". Annex "B" of Executive Order No. 87 dated 18 March 2002 is hereby amended to read as follows: ARTICLES GRANTED PREFERENTIAL TARIFF UNDER THE APPROVED HONDA AICO SCHEME AHTN Code Model/Type Product D s scription Part No. Source Country (AICO Company) Applicable AICO Preferential Tariff (%) 8703.90.26A Honda Civic Various 71101- Malaysia 3 8703.90.28A Face, Fr Bumper S5A- 0000MA (Honda Malaysia Sdn. Bhd and Honda Autoparts Manufacturing Sdn Bdk 8703.90.26A Honda Civic Face RR BPR 71501- Malaysia 3 8703.90.28A S5A- 0000MA (Honda Malaysia Sdn. Bhd and Honda Autoparts Manufacturing Sdn Bhd. 8703.90.26A Honda Civic Various 78500- 3 8703.90.28A Wheel Assy, Strg SV4-0030 Indonesia (P.t. Honda 78530- Pad Comp Strg Wheel SV4-0030 Prospect Motor) 3 SECTION 4.This Executive Order shall take effect after fifteen (15) days following its publication in two (2) newspapers of general circulation. DONE in the City of Manila, Philippines, this 23rd day of July, in the year of Our Lord, Two Thousand and Four. Published in Malaya on August 4, 2004 .