Modifying the Rates of Import Duty on Certain Imported Articles Re: 14th AEM Meeting and 15th COTT Meeting
Executive Order No. 965, issued on June 20, 1984, modifies the rates of import duty on specific articles as part of the Philippines' commitment to ASEAN economic agreements. It introduces a 20%-25% margin of tariff preference for items with import values between $2,500,000 and $10,000,000, as outlined in Annex "A" of the order. The changes aim to align with decisions made during the ASEAN Economic Ministers Meeting and the Committee on Trade and Tourism Meeting. This order will take effect on July 1, 1983, and applies to articles entering or withdrawn from warehouses in the Philippines, subject to the Rules of Origin specified in the ASEAN Preferential Trading Arrangements.
Quick Answers
- What is Modifying the Rates of Import Duty on Certain Imported Articles Re: 14th AEM Meeting and 15th COTT Meeting about?
- Executive Order No. 965, issued on June 20, 1984, modifies the rates of import duty on specific articles as part of the Philippines' commitment to ASEAN economic agreements. It introduces a 20%-25% margin of tariff preference for items with import values between $2,500,000 and $10,000,000, as outlined in Annex "A" of the order. The changes aim to align with decisions made during the ASEAN Economic Ministers Meeting and the Committee on Trade and Tourism Meeting. This order will take effect on July 1, 1983, and applies to articles entering or withdrawn from warehouses in the Philippines, subject to the Rules of Origin specified in the ASEAN Preferential Trading Arrangements.
- What type of law is Executive Order No. 965?
- Modifying the Rates of Import Duty on Certain Imported Articles Re: 14th AEM Meeting and 15th COTT Meeting (Executive Order No. 965) 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: 14th AEM Meeting and 15th COTT Meeting enacted?
- Modifying the Rates of Import Duty on Certain Imported Articles Re: 14th AEM Meeting and 15th COTT Meeting (Executive Order No. 965) was enacted on Jun 20, 1984.
- What is the citation for Modifying the Rates of Import Duty on Certain Imported Articles Re: 14th AEM Meeting and 15th COTT Meeting?
- Modifying the Rates of Import Duty on Certain Imported Articles Re: 14th AEM Meeting and 15th COTT Meeting, Executive Order No. 965, Jun 20, 1984 (Philippines)
Law Information
- Reference Number
- Executive Order No. 965
- Date Enacted
- Category
- Presidential Issuances
- Subcategory
- Executive Orders
- Jurisdiction
- Philippines
- Enacting Body
- Congress of the Philippines
Full Law Text
June 20, 1984
EXECUTIVE ORDER NO. 965
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 20%-25% MARGINS OF TARIFF PREFERENCE ON ITEMS WITH IMPORT VALUES OF OVER $2,500,000 TO 10,000,000 (CIF) IN 1978, AS RECORDED IN THE FOREIGN TRADE STATISTICS OF THE PHILIPPINES, IN ACCORDANCE WITH THE DECISIONS OF THE FOURTEENTH ASEAN ECONOMIC MINISTERS (AEM) MEETING AND THE FIFTEENTH MEETING OF THE COMMITTEE ON TRADE AND TOURISM
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:
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 a 20%-25% margins of Tariff preference as agreed upon during the Fourteenth ASEAN Economic Ministers (AEM) Meeting and the Fifteenth 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 7-9 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 6 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 1 July 1983.
DONE in the City of Manila, this day 20th 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: 14th AEM Meeting and 15th COTT Meeting, Executive Order No. 965, Jun 20, 1984 (Philippines)
Modifying the Rates of Import Duty on Certain Imported Articles Re: 14th AEM Meeting and 15th COTT Meeting, Executive Order No. 965 (Phil. 1984)
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