Modifying the Rates of Import Duty on Certain Imported Articles Re: 15th AEM and 17th COTT Meeting
Executive Order No. 961, issued on June 14, 1984, modifies import duty rates for certain articles as part of the Philippines' commitment to ASEAN economic agreements. The order provides additional tariff preferences for specified items, aligning with the decisions made during the Fifteenth ASEAN Economic Ministers Meeting and the Seventeenth Committee on Trade and Tourism Meeting. The articles listed in Annex "A" will benefit from a preferential tariff schedule, and any future changes to the basic duty rates will automatically adjust the corresponding preferences. This order took effect on May 1, 1984, and is subject to Rules of Origin under the ASEAN Preferential Trading Arrangements.
Quick Answers
- What is Modifying the Rates of Import Duty on Certain Imported Articles Re: 15th AEM and 17th COTT Meeting about?
- Executive Order No. 961, issued on June 14, 1984, modifies import duty rates for certain articles as part of the Philippines' commitment to ASEAN economic agreements. The order provides additional tariff preferences for specified items, aligning with the decisions made during the Fifteenth ASEAN Economic Ministers Meeting and the Seventeenth Committee on Trade and Tourism Meeting. The articles listed in Annex "A" will benefit from a preferential tariff schedule, and any future changes to the basic duty rates will automatically adjust the corresponding preferences. This order took effect on May 1, 1984, and is subject to Rules of Origin under the ASEAN Preferential Trading Arrangements.
- What type of law is Executive Order No. 961?
- Modifying the Rates of Import Duty on Certain Imported Articles Re: 15th AEM and 17th COTT Meeting (Executive Order No. 961) is a Philippine Presidential Issuances enacted by the Congress of the Philippines.
- When was Modifying the Rates of Import Duty on Certain Imported Articles Re: 15th AEM and 17th COTT Meeting enacted?
- Modifying the Rates of Import Duty on Certain Imported Articles Re: 15th AEM and 17th COTT Meeting (Executive Order No. 961) was enacted on Jun 14, 1984.
- What is the citation for Modifying the Rates of Import Duty on Certain Imported Articles Re: 15th AEM and 17th COTT Meeting?
- Modifying the Rates of Import Duty on Certain Imported Articles Re: 15th AEM and 17th COTT Meeting, Executive Order No. 961, Jun 14, 1984 (Philippines)
Law Information
- Reference Number
- Executive Order No. 961
- Date Enacted
- Category
- Presidential Issuances
- Subcategory
- Executive Orders
- Jurisdiction
- Philippines
- Enacting Body
- Congress of the Philippines
Full Law Text
June 14, 1984
EXECUTIVE ORDER NO. 961
MODIFYING THE RATES OF IMPORT DUTY ON CERTAIN IMPORTED ARTICLES AS PROVIDED UNDER PRESIDENTIAL DECREE NO. 1464, AS AMENDED, OTHERWISE KNOWN AS THE TARIFF AND CUSTOMS CODE OF 1978, IN ORDER TO IMPLEMENT THE DECISIONS OF THE FIFTEENTH ASEAN ECONOMIC MINISTERS (AEM) AND THE SEVENTEENTH COMMITTEE ON TRADE AND TOURISM (COTT) MEETING TO PROVIDE ADDITIONAL MARGINS OF PREFERENCE IN RESPECT TO ITEMS WHICH ARE UNDER THE PREFERENTIAL TRADING ARRANGEMENTS (PTA)
Pursuant to the powers vested in me by Section 402 of Presidential Decree No. 1464, as amended, I, FERDINAND E. MARCOS, President of the Philippines, do hereby direct and order: cdt
SECTION 1. The articles specifically listed in Annex "A" hereof as classified under Section 104 of Presidential Decree No. 1464, as amended, shall be accorded additional margins of tariff preferences as agreed upon during the Fifteenth ASEAN Economic Ministers (AEM) Meeting and the Seventeenth Meeting of the Committee on Trade and Tourism. 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 6-7 of said Annex "A".
SECTION 2. In the event that any subsequent changes are made in the basic Philippine rate of duty on any of the abovementioned articles, such articles shall automatically be accorded the corresponding margins of preference indicated in Column 5 of Annex "A" hereof.
SECTION 3. After the date of effectivity of this Order, all the above described articles entered or withdrawn from warehouse, in the Philippines, for consumption shall be subject to the rate of import duty herein prescribed subject to qualification under the Rules of Origin as specified in the Agreement on ASEAN Preferential Trading Arrangements ratified on August 1, 1977.
SECTION 4. This Order shall take effect on May 1, 1984.
DONE in the City of Manila, this 14th day of June, in the year of Our Lord, Nineteen Hundred and Eighty-Four.
Cite This Law
Modifying the Rates of Import Duty on Certain Imported Articles Re: 15th AEM and 17th COTT Meeting, Executive Order No. 961, Jun 14, 1984 (Philippines)
Modifying the Rates of Import Duty on Certain Imported Articles Re: 15th AEM and 17th COTT Meeting, Executive Order No. 961 (Phil. 1984)
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