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EXECUTIVE ORDERS
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EXECUTIVE ORDER NO. 227 - REDUCING
THE RATES OF IMPORT DUTY ON CEMENT AND CEMENT CLINKER UNDER SECTION 104
OF PRESIDENTIAL DECREE NO. 1464, OTHERWISE KNOWN AS THE TARIFF AND
CUSTOMS CODE OF 1978, AS AMENDED
WHEREAS, under Executive Order No.
94 as amended by Executive Order No. 116 series of 1993, portland
cement and cement clinker had rates of import duty of 5% and 3%,
respectively, until June 30, 1994;
WHEREAS, with the expiration of the said Executive Order, the subject
articles are now levied rates of duty of 20% and 10%, respectively,
under Executive Order No. 470, s. 1992;
WHEREAS, in view of the sharp increase in the demand for cement in the
domestic market, the continued importation of subject articles is
imperative to avert a possible shortage in the local supply that may
otherwise result in the spiralling of the prices thereof; and
WHEREAS, there is a need to reduce the tariff rates on subject articles
to sustain their importation;
NOW, THEREFORE, I, FIDEL V. RAMOS, President of the Republic of the
Philippines, by virtue of the powers vested in me by Sec. 401 of the
Tariff and Customs Code, do hereby order:
Section 1.
Hdg.
No.
25.23
Sec. 2.
Sec. 3.
Sec. 4.
DONE in the City of Manila,
this 4th day of March in the year of Our Lord, Nineteen Hundred and
Ninety-Five.
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