Modifying the Rates of Duty on Certain Imported Articles Re: AICO Scheme for Nissan
Executive Order No. 245, issued on October 3, 2003, modifies import duty rates under the Tariff and Customs Code of 1978 to implement preferential tariff rates for certain automotive parts imported by Nissan Motor Philippines, Inc. This adjustment is part of the ASEAN Industrial Cooperation (AICO) Scheme, allowing Nissan to import components from Thailand while sending complementary parts back. Specifically, parts for the Nissan Sentra passenger cars will be subjected to a 3% preferential tariff rate. The order stipulates that these rates will take effect immediately and will adjust automatically if the Most Favored Nation (MFN) rates change. Additionally, any updates to part numbers or AICO companies must be reported to the Bureau of Customs promptly.
Quick Answers
- What is Modifying the Rates of Duty on Certain Imported Articles Re: AICO Scheme for Nissan about?
- Executive Order No. 245, issued on October 3, 2003, modifies import duty rates under the Tariff and Customs Code of 1978 to implement preferential tariff rates for certain automotive parts imported by Nissan Motor Philippines, Inc. This adjustment is part of the ASEAN Industrial Cooperation (AICO) Scheme, allowing Nissan to import components from Thailand while sending complementary parts back. Specifically, parts for the Nissan Sentra passenger cars will be subjected to a 3% preferential tariff rate. The order stipulates that these rates will take effect immediately and will adjust automatically if the Most Favored Nation (MFN) rates change. Additionally, any updates to part numbers or AICO companies must be reported to the Bureau of Customs promptly.
- What type of law is Executive Order No. 245?
- Modifying the Rates of Duty on Certain Imported Articles Re: AICO Scheme for Nissan (Executive Order No. 245) is a Philippine Presidential Issuances enacted by the Congress of the Philippines.
- When was Modifying the Rates of Duty on Certain Imported Articles Re: AICO Scheme for Nissan enacted?
- Modifying the Rates of Duty on Certain Imported Articles Re: AICO Scheme for Nissan (Executive Order No. 245) was enacted on Oct 3, 2003.
- What is the citation for Modifying the Rates of Duty on Certain Imported Articles Re: AICO Scheme for Nissan?
- Modifying the Rates of Duty on Certain Imported Articles Re: AICO Scheme for Nissan, Executive Order No. 245, Oct 3, 2003 (Philippines)
Law Information
- Reference Number
- Executive Order No. 245
- Date Enacted
- Category
- Presidential Issuances
- Subcategory
- Executive Orders
- Jurisdiction
- Philippines
- Enacting Body
- Congress of the Philippines
Full Law Text
October 3, 2003
EXECUTIVE ORDER NO. 245
MODIFYING THE RATES OF DUTY ON CERTAIN IMPORTED ARTICLES AS PROVIDED UNDER THE TARIFF AND CUSTOMS CODE OF 1978, AS AMENDED, IN ORDER TO IMPLEMENT THE PREFERENTIAL TARIFF RATES ON CERTAIN PRODUCTS UNDER THE ASEAN INDUSTRIAL COOPERATION (AICO) SCHEME, IN FAVOR OF NISSAN MOTOR PHILIPPINES, INC. (NISSAN) — (COE NO. NISSAN/2003/5)
WHEREAS, the Philippines is a Contracting Party to the Basic Agreement on the ASEAN Industrial Cooperation Scheme signed in Singapore on 27 April 1996; aDSHIC
WHEREAS, the Philippines is a participating country in the approved AICO Arrangements of Nissan Motor Philippines, Inc. along with Thailand;
WHEREAS, under the Nissan AICO Arrangement, the Philippines (Nissan Motor Philippines, Inc.) will import from Thailand (Siam Nissan Automobile Co. Ltd.) certain original equipment manufacture (OEM) automotive parts/components for Nissan Sentra passenger cars (HS 8703.90 10). In exchange, Thailand will import from the Philippines complementary component parts for OEM Nissan Sunny passenger cars;
WHEREAS, AICO Certificate of Eligibility No. Nissan/2003/5 was issued on 10 April 2003 in favor of the participating companies in the Nissan AICO Arrangement;
WHEREAS, in consonance with Articles 5 and 7 of the Basic Agreement of the (AICO) Scheme, participating companies in the approved Nissan AICO Arrangement shall qualify for 0-5% preferential tariff rates to be extended by the Philippines and Thailand as participating countries.
NOW, THEREFORE, I, GLORIA MACAPAGAL-ARROYO, President of the Philippines, pursuant to the powers vested in me under Section 402 of the Tariff and Custom Code of the 1978, as amended, do hereby order:
SECTION 1. The articles specifically listed in "Annex A" hereof, as classified under Section 104 of the Tariff and Customs Code of 1978, as amended, shall be accorded the AICO rate of 3% on parts/components of Nissan Sentra passenger cars (HS 8703.90 10) as specified in Column 6 thereof.
SECTION 2. The AICO rate provided in Annex "A" shall be accorded to the AICO entity in Thailand (Siam Nissan Automobile Co. Ltd.) upon effectivity of this Executive Order.
SECTION 3. In the event that any subsequent changes are made in the basic Most Favored Nation (MFN) Philippine rate of duty on any of the articles listed in Annex "A" to a rate lower than the AICO rate prescribed in Column 6 of Annex "A" such articles shall automatically be accorded the corresponding reduced rate of duty.
SECTION 4. Upon the effectivity of this Executive Order, the articles specifically listed in the aforesaid Annex "A" which are entered or withdrawn from warehouses in the Philippines for consumption shall pay the applicable AICO preferential tariff rates specified under Section 1 hereof, subject to qualification under the rules of Origin for CEPT, as evidenced by the Certificate of Origin-Form "D".
SECTION 5. Any revision to the part numbers and to the AICO company appearing in Column 4 and Column 5, respectively, of Annex "A" as well as in the pertinent Section of this Executive Order shall be communicated immediately to the Bureau of Customs by the Board of Investments within five (5) days after receipt of the official copy of the COE on the revised part number/s and/or change or addition of AICO company from the ASEAN Secretariat
SECTION 6. This Executive Order shall be effective immediately.
DONE in the City of Manila, this 3rd day of October, in the year of Our Lord, Two Thousand and Three.
Published in the Manila Times on October 14, 2003.
ANNEX "A"
ARTICLES GRANTED PREFERENTIAL TARIFF UNDER THE APPROVED NISSAN AICO SCHEME
| HS | MODEL/ | PRODUCT/ | PART NO | SOURCE | APPLICABLE |
| CODE | TYPE | PART NAME | COUNTRY | AICO | |
| (AICO | PREFERENTIAL | ||||
| COMPANY | TARIFF (%) | ||||
| (1) | (2) | (3) | (4) | (5) | (6) |
| 8703.90 10 | SENTRA | Various components/Parts | Thailand | ||
| Passenger | (Siam Nissan | ||||
| Car | Automobile Co. | 3 | |||
| Ltd.) | |||||
| CABLE ASSY-ACCEL | 18201 8M500 | ||||
| SW ASSY HAZARD | 25290 8M600 | ||||
| SW UNIT-POWER WDW, ASST | 25411 8M600 | ||||
| LAMP ASSY-HEAD, RH | 26010 8M305 | ||||
| LAMP ASSY-HEAD, LH | 26060 8M305 | ||||
| LAMP ASSY-FR TURN SIGNAL, RH | 26130 8M300 | ||||
| LAMP ASSY-FR TURN SIGNAL, LH | 26135 8M300 | ||||
| LAMP ASSY-RR COMB, RH | 26550 8M300 | ||||
| LAMP ASSY-RR COMB, RH | 26550 8M301 | ||||
| LAMP ASSY-RR COMB, LH | 26555 8M300 | ||||
| LAMP ASSY-RR COMB, LH | 26555 8M301 | ||||
| DVC ASSY-PKB | 36010 8M600 | ||||
| CABLE ASSY-PKB, RR RH | 36530 8M600 | ||||
| CABLE ASSY-PKB, RR RH | 36530 8M610 | ||||
| CABLE ASSY-PKB, RR LH | 36531 8M600 | ||||
| CABLE ASSY-PKB, RR LH | 36531 8M610 | ||||
| JT ASSY-STRG, COL, LWR | 48080 8M500 | ||||
| COL ASSY-STRG, UPR | 48810 4M510 | ||||
| STAB-FR | 54611 8M620 | ||||
| ROD COMPL-CONT | 55120 43U01 | ||||
| LINK COMPL-LATERAL | 55130 8M600 | ||||
| BMPR-BOUND, RR SUSP | 55240 8M600 | ||||
| PROTR-FR FDR, RH | 63842 8M600 | ||||
| PROTR-FR FDR, LH | 63843 8M600 | ||||
| WSTRIP DRIP RH | 76842 8M600 | ||||
| WSTRIP DRIP LH | 76843 8M600 | ||||
| WELT-BODY SIDE, FR RH | 76921 8M600 | ||||
| WELT-BODY SIDE, FR LH | 76922 8M600 | ||||
| WELT-BODY SIDE, RR RH | 76923 8M600 | ||||
| WELT-BODY SIDE, RR LH | 76924 8M600 | ||||
| WSTRIP ASSY FR DOOR, RH | 80830 8M620 | ||||
| WSTRIP ASSY FR DOOR, LH | 80831 8M620 | ||||
| WSTRIP ASSY RR DOOR, RH | 82830 8M620 | ||||
| WSTRIP ASSY RR DOOR, LH | 82831 8M620 | ||||
| WSTRIP-TRUNK LID | 84830 8M600 | ||||
| FRAME & SPR ASSY CUSH FR SEAT, RH | 87301 8M600 | ||||
| FRAME & SPR ASSY CUSH FR SEAT, LH | 87351 8M600 | ||||
| FRAME & SPR ASSY BACK SEAT, RH | 87601 8M600 | ||||
| FRAME & SPR ASSY BACK SEAT, LH | 67651 8M600 | ||||
| MIRROR ASSY-DOOR, RH | 96301 8M560 | ||||
| MIRROR ASSY-DOOR, RH | 96301 8M610 | ||||
| MIRROR ASSY-DOOR, RH | 96301 8M760 | ||||
| MIRROR ASSY-DOOR, LH | 96302 8M560 | ||||
| MIRROR ASSY-DOOR, LH | 96302 8M610 | ||||
| MIRROR ASSY-DOOR, LH | 96302 8M760 | ||||
| COVER-MIRROR BODY, RH | 96373 8M501 '6 | ||||
| COVER-MIRROR BODY, LH | 96374 8M501 '6 | ||||
| SUNVISOR ASSY-RH | 96400 8M500 | ||||
| SUNVISOR ASSY-RH | 96400 8M520 | ||||
| SUNVISOR ASSY-LH | 96401 8M500 | ||||
| SUNVISOR ASSY-LH | 96401 8M520 | ||||
| MLDG-BACK WDW | 79750 8M600 | ||||
| BAFFLE FUEL TANK "A" | 17216 8M700 | ||||
| BAFFLE FUEL TANK "A" | 17216 8M701 | ||||
| BAFFLE FUEL TANK "A" | 17216 8M702 | ||||
| TUBE VENT | 17224 8M600 | ||||
| TUBE VENT | 17224 8M601 | ||||
| BRKT CHMBER FUEL TANK | 17282 8M700 | ||||
| TUBE EVAPO | 17339 8M600 | ||||
| RET FUEL GAUGE | 17341 57Y20 | ||||
| FR FLOOR | 74312 5M200 | ||||
| RR FLOOR FR | 74512 5M200 | ||||
| RR FLOOR RR | 74514 5M000 | ||||
| CABLE COMPL-HOOD LOCK CONT | 65621 8M500 |
Cite This Law
Modifying the Rates of Duty on Certain Imported Articles Re: AICO Scheme for Nissan, Executive Order No. 245, Oct 3, 2003 (Philippines)
Modifying the Rates of Duty on Certain Imported Articles Re: AICO Scheme for Nissan, Executive Order No. 245 (Phil. 2003)
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