Repealing Executive Order No. 955, as Amended by Executive Order No. 988, Additional Import Duty on Imported Articles
Executive Order No. 1062, issued by President Ferdinand E. Marcos on November 7, 1985, repeals Executive Order No. 955 and its amendments concerning additional import duties on imported articles. This action is part of a national economic recovery program aimed at addressing the severe economic crisis affecting the stability of the Philippines. The repeal is intended to facilitate immediate economic recovery measures. The order is set to take effect on January 1, 1986, and was published in the Official Gazette on November 18, 1985.
Law Information
- Reference Number
- Executive Order No. 1062
- Date Enacted
- Category
- Presidential Issuances
- Subcategory
- Executive Orders
- Jurisdiction
- Philippines
- Enacting Body
- Congress of the Philippines
Full Law Text
November 7, 1985
EXECUTIVE ORDER NO. 1062
REPEALING EXECUTIVE ORDER NO. 955, AS AMENDED BY EXECUTIVE ORDER NO. 988, ADDITIONAL IMPORT DUTY ON IMPORTED ARTICLES
WHEREAS, the current economic crisis amounts to grave emergency which affects the stability of the nation and requires immediate action;
WHEREAS, the issuance of this Executive Order is an essential and necessary component of the national economic recovery program formulated to meet and overcome the emergency; casia
NOW, THEREFORE, I, FERDINAND E. MARCOS, President of the Philippines, by virtue of the powers vested in me by the Constitution and the authority vested in me under Section 401 of Presidential Decree No. 1464, as amended, do hereby order and ordain:
SECTION 1. The provisions of Executive Order No. 955, series of 1984, as amended by Executive Order No. 988, and the rules and regulations issued pursuant thereto, are hereby repealed.
SECTION 2. This Executive Order shall take effect on January 1, 1986.
DONE in the City of Manila, this 7th day of November, in the year of Our Lord, Nineteen Hundred and Eighty-Five. cd
Published in the Official Gazette, Vol. 81 No. 46 page 5311 on November 18, 1985.
Cite This Law
Repealing Executive Order No. 955, as Amended by Executive Order No. 988, Additional Import Duty on Imported Articles, Executive Order No. 1062, Nov 7, 1985 (Philippines)
Repealing Executive Order No. 955, as Amended by Executive Order No. 988, Additional Import Duty on Imported Articles, Executive Order No. 1062 (Phil. 1985)
Related Laws
- Amendments to E.O. No. 955 (s. 1984) Re: Imposition of Additional Duty on ImportsExecutive Order No. 988 • Oct 10, 1984 • Presidential Issuances
- Modified Rates of Import Duty on Certain Imported Articles under Section 104, P.D. No. 1464Executive Order No. 527 • May 12, 2006 • Presidential Issuances
- Modified Rates of Import Duty on Certain Imported Articles Re: 17th Meeting of Asean COTTExecutive Order No. 979 • Aug 25, 1984 • Presidential Issuances
- Modifying the Rates of Import Duty on Certain Imported Articles as provided under R.A. No. 1937Executive Order No. 13-A • Jun 28, 1962 • Presidential Issuances
- Modifying the Rates of Import Duty on Certain Imported Articles Re: 14th AEM Meeting and 15th COTT MeetingExecutive Order No. 965 • Jun 20, 1984 • Presidential Issuances
- Modifying the Rates of Duty in Certain Imported Articles Under the TCC of 1978 as AmendedExecutive Order No. 268 • Jan 9, 2004 • Presidential Issuances
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