Reducing the Rate of Additional Duty Under E.O. No. 443 (January 3, 1991)

August 15, 1991 EXECUTIVE ORDER NO. 475 REDUCING THE RATE OF ADDITIONAL DUTY PRESCRIBED IN EXECUTIVE ORDER NO.443, SERIES OF 1991, TO FIVE PERCENT (5%) AD VALOREM Pursuant to the powers vested in me by Section 401 of the Tariff and Customs Code of the Philippines, as amended, I, CORAZON C. AQUINO, President of the Philippines, do hereby order: SECTION 1. Subject to the provisions of Section 2 hereof, the rate of additional duty imposed on all imports under Executive Order No. 443, series of 1991, is hereby reduced from nine per cent (9%) to five per cent (5%) ad valorem with the exception of selected articles covered by HS Heading Nos. 27.09 and 27.10 of Section 104 of the Tariff and Customs Code indicated in Annex "A" hereof, which shall continue to be subject to the additional duty of nine per cent (9%) ad valorem . SECTION 2. The provisions of aforesaid Executive Order No. 443 on importations exempt from the additional duty, and all rules and regulations issued pursuant thereto shall remain valid and effective. SECTION 3. This Executive Order shall take effect after two (2) days following the completion of its publication in two (2) national newspapers of general circulation and shall remain effective unless sooner revoked or modified. DONE in the City of Manila, this 15th day of August, in the year of Our Lord, Nineteen Hundred and Ninety-One. ANNEX "A" ITEMS EXCLUDED FROM THE REDUCTION OF 9% IMPORT LEVY 2709.00 00 Crude petroleum oil and oils obtained from bituminous minerals 2710.00 21 Lubricating oil, including lubricating 2710.00 29 oil basestock 2710.00 31 Fuel oils 2710.00 32 Naptha 2710.00 39 Gas oils including diesel oil and other heavy oils 2710.00 90 Kerosene including kerosene type jet fuel 2710.00 90 Motor gasoline 2710.00 90 Other oils and preparations (excluding low aromatic solvents) Published in the Official Gazette, Vol. 87 No. 42 Page 6167 on October 21, 1991.