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EXECUTIVE ORDERS
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EXECUTIVE ORDER NO. 237 - MODIFYING
THE RATE OF IMPORT DUTY ON HOT ROLLED STEEL UNDER TARIFF HEADING 72.08
OF THE TARIFF AND CUSTOMS CODE OF 1978, AS AMENDED, WHEN IMPORTED BY
USER-ENTERPRISES CERTIFIED UNDER R.A. 7103 OTHERWISE KNOWN AS THE IRON
AND STEEL INDUSTRY ACT
WHEREAS,
Sec. 401 of the Tariff and Customs Code of 1978, as amended,
empowers the President to increase, reduce or remove existing rates of
duty, as well as modify the tariff nomenclature;
WHEREAS, Sec. 6 of R.A. 7103 otherwise known as the Iron and Steel
Industry Act provides that all enterprises certified by the Board of
Investments in accordance with Sec. 5 thereof, shall be entitled to
a rational tariff incentive and protection scheme, among other
incentives;
WHEREAS, R.A. 7103 mandates the National Economic and Development
Authority (NEDA) to recommend to the appropriate authority a rational
tariff incentive and protection scheme that shall enhance the viability
of the iron and steel industry, specifically tariff rates on imported
raw materials. Specifically, tariff rated on imported raw materials not
indigenously sourced or are not available in sufficient amounts or at
the required grade or quality such as iron ore, coking coal, scrap and
manganese ore shall be reviewed taking into consideration the
requirements of the iron and steel industry;
WHEREAS, Upon the recommendation of NEDA invoking its prerogative
provided under R.A. 7103, the NEDA Board Committee on Tariff and
Related Matters (TRM) decided in its meeting of 24 September 1999 that
qualified enterprises certified under the Act be entitled zero duty on
their imports of hot rolled steel raw material falling under Tariff
Heading 72.08;
NOW, THEREFORE, I, JOSEPH EJERCITO ESTRADA, President of the Republic
of the Philippines, by virtue of the powers vested in me by law, do
hereby order;
Section 1.
Sec. 2.
Sec. 3.
Sec. 4.
Done in the City of Manila,
this 4th day of May, in the year of our Lord, Two Thousand.
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