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Source:
Source: NGV Global
Wednesday,
08 February 2006 | Philippines,
Manila
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MALACANANG
Manila
BY
THE PRESIDENT OF THE PHILIPPINES
EXECUTIVE
ORDER NO. 488
MODIFYING
THE RATES OF IMPORT DUTY ON COMPONENTS, PARTS AND
ACCESSORIES FOR THE ASSEMBLY OF HYBRID, ELECTRIC, FLEXIBLE
FUEL AND COMPRESSED NATURAL GAS MOTOR VEHICLES UNDER SECTION
104 OF THE TARIFF AND CUSTOMS CODE OF 1978, AS
AMENDED
WHEREAS, it is the
declared policy of the government to promote the judicious
conservation and efficient utilization of energy resources
in light of the continuing increase in world prices of
imported fuel oil;
WHEREAS,
Executive Order 472 (s. 1998) targets a 5% reduction in fuel
consumption by road transport users;
WHEREAS,
there is a need to promote the efficient use of fuel in the
transport sector, being one of the highest fuel-consuming
sectors;
WHEREAS,
the emerging alternative fuel vehicle technology present
opportunities for improving energy efficiency of
transportation in support of the government's energy
independence agenda;
WHEREAS,
Executive Order 156 (s. 2002) establishing a "Comprehensive
Industrial Policy and Directions for the Motor Vehicle
Development Program" provides for the development
of the Philippines as the manufacturing hub for certain
motor vehicles, parts and components;
WHEREAS,
Sections 401 and 402 of the Tariff and Customs Code of 1978
(PD 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 form of duty
and the tariff nomenclature, under Section 104 of said Code;
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 rates of import duty [Most-Favoured-Nation (MFN)
and Association of Southeast Asian Nations (ASEAN) - Common
Effective Preferential Tariff (CEPT) indicated in Columns 4
and 5 opposite each article, respectively.
SECTION
2. The ASEAN - CEPT rates so indicated in Annex
"A" shall be accorded to imports coming from
ASEAN Member States applying CEPT concession to the same
product pursuant to Article 4 of the Agreement on the CEPT
Scheme for the ASEAN Free Trade Area (CEPT Agreement) signed
on 28 January 1992 and its Interpretative Notes.
SECTION
3. The rates of import duty in tariff
headings not enumerated and those listed but represented by
the symbol "x x x" shall remain in force and in
effect.
SECTION 4. Upon the effectivity of
this Executive Order, all articles listed in Annex
"A" entered into or withdrawn from warehouses
in the Philippines for consumption shall be levied the MFN
rates of duty therein prescribed.
SECTION
5. Upon the effectivity of this
Executive Order, all articles listed in Annex
"A" entered into or withdrawn from warehouses
in the Philippines for consumption shall be levied the
ASEAN - CEPT rates of duty therein prescribed subject to
qualification under the Rules of Origin as provided for in
the CEPT Agreement.
SECTION
6. The Board of Investments,
pursuant to the Motor Vehicle Development Program and in
consultation with concerned government agencies, shall issue
appropriate guidelines to implement the preferential tariff
privilege.
SECTION 7.
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 8. This
Executive Order shall take effect thirty (30) days following
its complete publication in two (2) newspapers of general
circulation in the Philippines.
Done in the City
of Manila, this 12th day of January in the year of Our Lord
Two Thousand and Six.
Signature of the President
By the President:
EDUARDO R. ERMITA
Executive Secretary
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