BY THE PRESIDENT OF THE PHILIPPINES
EXECUTIVE ORDER NO. 678
MODIFYING THE RATES OF IMPORT DUTY ON CERTAIN ARTICLES UNDER SECTION 104 OF THE TARIFF AND CUSTOMS CODE OF 1978 (PRESIDENTIAL DECREE NO. 1464), AS AMENDED
WHEREAS, it is the policy of the government to promote the development of sustainable, prosperous and internationally competitive domestic industries;
WHEREAS, certain manufacturing industries would gain greater competitiveness from a reduction in the cost of their imported inputs;
WHEREAS, Section 401 of the Tariff and Customs Code of 1978 (Presidential Decree No. 1464), as amended, empowers the President of the Republic of the Philippines to increase, reduce, or remove existing rates of import duty, as well as to modify the form of duty and the tariff nomenclature under Section 104 of said Code;
NOW, THEREFORE, I, GLORIA MACAPAGAL ARROYO, President of the Philippines, pursuant to 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-Favoured-Nation (MFN) rate of import duty in accordance with the schedule indicated opposite each article
SECTION 2. The nomenclature and rates of import duty on tariff headings not enumerated and those listed but represented by the symbol "x x x" shall remain in force and in effect.
SECTION 3. Upon the effectivity of this Executive Order, the articles specifically listed in the Annex "A" which are entered or withdrawn from warehouses in the Philippines for consumption shalI be levied the MFN rates of duty therein prescribed.
SECTION 4. All presidential issuances, administrative rules and regulations or parts thereof, which are contrary to or inconsistent with this Executive Order are hereby revoked or modified accordingly.
SECTION 5. This Executive Order shall take effect thirty (30) days after its complete publication in a national newspapers of general circulation in the Philippines.
Done in the City of Manila, this 31sth day of October in the year of our Lord, Two Thousand and Seven.
By the President:
EDUARDO R. ERMITA
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