Modifying the Rates of Import Duty on Certain Imported Articles Re: 11th AEM Meeting

January 8, 1982 EXECUTIVE ORDER NO. 760 MODIFYING THE RATES OF IMPORTDUTY ON CERTAIN IMPORTED ARTICLES AS PROVIDED UNDER PRESIDENTIAL DECREE NO.1464, AS AMENDED, IN ORDER TO IMPLEMENT THE DECISION TAKEN BY THE ELEVENTH ASEAN ECONOMICMINISTRIES (AEM) MEETING FOR AN INITIAL TARIFF CUT OF 50% FOR PRODUCTS IN THE ASEANINDUSTRIAL COMPLEMENTATION (AIC) PACKAGE Pursuant to the powers vested in me by Section 402 of Presidential Decree No. 1464, I, FERDINAND E. MARCOS, President of the Philippines, do hereby direct and order: SECTION 1. The articles specifically listed in Annex "A" hereof as classified under Section 104 of Presidential Decree No. 1464, shall be accorded a fifty (50%) percentum margin of tariff preference as an initial tariff cut on these articles which are included in the ASEAN Industrial Complementation (AIC) Package as decided by the Eleventh ASEAN Economic Ministers (AEM) Meeting. In effect, such articles shall be subject to the Preferential Tariff for ASEAN in accordance with the schedule indicated opposite each article as specified in Columns 8-11 of said Annex "A". SECTION 2. Any subsequent change in the basic Philippine rate of duty on the above-mentioned articles shall automatically be accorded the fifty (50%) percentum margin of preference as agreed upon. SECTION 3. After the effective date of this Order, all the above-described articles entered or withdrawn from warehouse in the Philippines for consumption shall be subject to the rates of import duty herein prescribed subject to qualification under the Rules of Origin as prescribed in the Agreement on ASEAN Preferential Trading Arrangements ratified on August 1, 1977. SECTION 4. This Order shall take effect as of 1 January 1982. DONE in the City of Manila, this 8th day of January, in the year of Our Lord, Nineteen Hundred and Eighty-Two. ANNEX "A" ARTICLES INCLUDED IN THE FIRST PACKAGE OF THE ASEAN INDUSTRIAL COMPLEMENTATION WHICH WERE ACCORDED A 50% MARGIN OF TARIFF PREFERENCE No. Tariff Heading No. Product Description Rate of Duty Effective on articles entered ASEAN Preferential Tariff Effective on articles entered 1982 1983 1984 1985 1982 1983 1984 1985 (1) (2) (3) (4) (5) (6) (7) (8) (9) (10) (11) 1. ex 73.29.000 Drive chains and timing chains 30% 30% 30% 30% 15% 15% 15% 15% 2. ex 87.09.100 20% 20% 20% 20% 10% 10% 10% 10% 3. ex 84.06.390 Diesel engine, 8-135 HP, when imported upon prior authorization of the Board of Investments 20% 20% 20% 20% 10% 10% 10% 10% 4. ex 87.02.111 20% 20% 20% 20% 10% 10% 10% 10% ex 87.02.112 30% 30% 30% 30% 15% 15% 15% 15% 5. ex 87.02.112 Safety seat belt 30% 30% 30% 30% 15% 15% 15% 15% 6. ex 62.05.900 80% 70% 60% 50% 40% 35% 30% 25% 7. ex 87.06.100 Crown wheels and pinions 20% 20% 20% 20% 10% 10% 10% 10% 8. ex 87.09.900 Wheel rims for motor cycle 20% 20% 20% 20% 10% 10% 10% 10% 9. ex 87.12.000 20% 20% 20% 20% 10% 10% 10% 10% 10. ex 87.09.900 Spokes and nipples 20% 20% 20% 20% 10% 10% 10% 10% 11. ex 87.09.000 20% 20% 20% 20% 10% 10% 10% 10% 12. ex 87.09.900 Motor cycle axles 20% 20% 20% 20% 10% 10% 10% 10% 13. ex 87.12.000 20% 20% 20% 20% 10% 10% 10% 10% 14. ex 84.65.000 Oil seals, when imported upon prior authorization of the Board of Investments 30% 30% 30% 30% 15% 15% 15% 15% 15. ex 40.10.300 V-belts, when imported upon prior authorization of the Board of Investments 50% 40% 40% 40% 25% 20% 20% 20% ex 87.02.111 30% 30% 30% 30% 15% 15% 15% 15% ex 87.02.112 30% 30% 30% 30% 15% 15% 15% 15% 16. ex 87.06.100 Universal joints 20% 20% 20% 20% 10% 10% 10% 10% 17. ex 87.02.111 Body panels for commercial vehicles of one ton and above 20% 20% 20% 20% 10% 10% 10% 10% 18. ex 87.06.900 30% 30% 30% 30% 15% 15% 15% 15% 19. ex 87.02.111 Brake drums for trucks 20% 20% 20% 20% 10% 10% 10% 10% 20. ex 87.06.900 30% 30% 30% 30% 15% 15% 15% 15% 21. ex 87.02.111 20% 20% 20% 20% 10% 10% 10% 10% ex 87.02.112 Heavy duty shock absorbers 30% 30% 30% 30% 15% 15% 15% 15% ex 87.06.900 30% 30% 30% 30% 15% 15% 15% 15% Published in the Official Gazette, Vol. 78 No. 3, 234-13 Supp., on January 18, 1982.