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EXECUTIVE ORDER
MALACAŅANG PALACE
Manila
BY THE PRESIDENT OF THE PHILIPPINES
EXECUTIVE ORDER NO. 244
MODIFYING
THE RATES OF DUTY ON MOTOR VEHICLES, AS PROVIDED FOR UNDER THE TARIFF AND
CUSTOMS CODE OF 1978 (PRESIDENTIAL DECREE NO. 1464, AS AMENDED), IN ORDER TO
IMPLEMENT PREFERENTIAL RATES THEREON UNDER THE AUTOMOTIVE EXPORT PROGRAM.
WHEREAS,
the automotive industry is an important contributor to sustainable national
economic development;
WHEREAS, the government issued
E.O. 156, series of 2002 establishing a Comprehensive Industrial Policy and
Directions for the Motor Vehicle Development Program to develop the Philippines
as the manufacturing hub in ASEAN for certain motor vehicles, parts and
components;
WHEREAS, an integral component
of the Comprehensive Motor Vehicle Development Program under E.O. 156 is the
provision of special export incentives to the automotive sector;
WHEREAS, temporary export
incentives will compensate for certain structural deficiencies that inhibit the
automotive industry's attainment of global competitiveness;
WHEREAS, the benefits from the
development of the automotive industry's global competitiveness will outweigh
the tariff revenues to be foregone from the grant of preferential tariffs on
imports;
WHEREAS, Sections 401 and 402
of the Tariff and Customs Code of 1978 (Presidential Decree 1464), as amended,
empower the President of the Republic of the Philippines to increase, reduce, or
remove existing rates of import duty, as well as to modify the tariff
nomenclature;
NOW, THEREFORE, I, GLORIA
MACAPAGAL ARROYO, President of the Republic of the Philippines, by virtue of
the powers vested in me by law, 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 subject to the
Most Favored Nation (MFN) rate of import duty in accordance with the schedule
indicated under the "MFN" column;
SECTION 2. 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 subject to the
ASEAN CEPT rate of import duty in accordance with the schedule indicated under
the "CEPT" column. The ASEAN CEPT rate so indicated shall be
accorded to imports coming from ASEAN Member States applying CEPT concession to
the same product pursuant to Article 4 of the CEPT Agreement and its
interpretative Notes;
SECTION 3. Upon the
effectivity of this Executive Order, the articles specifically listed in the
aforesaid Annex "A", which are entered and withdrawn from warehouses
in the Philippines for consumption, shall be levied the MFN rate of duty herein
prescribed;
SECTION 4. Upon the
effectivity of this Executive Order, the articles specifically listed in the
aforesaid Annex "A", which are entered and withdrawn from warehouses
in the Philippines for consumption, shall be levied the CEPT rate herein
prescribed, subject to qualification under the Rules of Origin as provided for
in the Agreement on the CEPT scheme for the AFTA signed on 28 January 1992;
SECTION 5. All Presidential
issuances, administrative rules and regulations, or parts thereof, which are
inconsistent with this Executive Order are hereby revoked or modified
accordingly;
SECTION 6. The
Department of Trade and Industry, in consultation with the National Economic
Development Authority and the Department of Finance, shall issue appropriate
guidelines to implement the preferential tariff privilege herein granted in
accordance with the conditions of the Program shown in Annex "B";
SECTION 7. This
Executive Order shall be effective for a period of five (5) years, from 1
January 2004 until 31 December 2008, following its complete publication in two
(2) newspapers of general circulation in the Philippines.
Done in the City of Manila,
Philippines, this 3rd day of October, in the year of Our Lord, Two Thousand and
Three.
By the President:
Signature of the President
ALBERTO G. ROMULO
Executive Secretary
 to view Annexes
A and B
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