.
Sponsored
by: The
ChanRobles Group
A
collection of Philippine laws, statutes and codes
not
included or cited in the main
indices
of
the Chan Robles Virtual Law Library.
Search
for www.chanrobles.com
|
|
|
|
|
EXECUTIVE ORDER NO. 988 - AMENDING
EXECUTIVE ORDER NO. 955, SERIES OF 1984, BY REDUCING THE RATE
PRESCRIBED THEREIN TO FIVE PERCENT (5%)
|
| WHEREAS, the current economic crisis
amounts to a 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; 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 rate of the additional import duly imposed under Executive Order No. 955, series of 1984, is hereby reduced from ten per cent (10%) to five per cent (5%). SECTION 2. The other provisions of Executive Order No. 955, series of 1984, and the rules and regulations issued pursuant thereto shall remain valid and effective. SECTION 3. This Executive Order shall take effect October 15, 1984 for petroleum, product imports, and on January 1, 1985, for all other imports. Done in the City of Manila, this 10th day of October, in the year of Our Lord, nineteen hundred and eighty-four. |
chanroblesvirtuallawlibrary
|
|
|
|
|
Harvard Computer Systems, Inc. |
Since 19.07.98.
Search
for www.chanrobles.com
.