.
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. 192 - MODIFYING
THE RATES OF DUTY ON CERTAIN IMPORTED ARTICLES AS PROVIDED UNDER THE
TARIFF AND CUSTOMS CODE OF 1978, AS AMENDED, IN ORDER TO IMPLEMENT THE
PREFERENTIAL TARIFF RATES ON CERTAIN PRODUCTS UNDER THE ASEAN
INDUSTRIAL COOPERATION (AICO) SCHEME, IN FAVOR OF HONDA CARS
PHILIPPINES, INC. (HONDA)-(COE NO. HONDA /2002/26)
|
| WHEREAS,
the Philippines is a Contracting Party to the Basic Agreement on the
ASEAN Industrial Cooperation Scheme (AICO) signed in Singapore on 27
April 1996; WHEREAS, the Philippines is a participating country in the approved AICO Arrangement of Honda Cars Philippines, along with Malaysia; WHEREAS, under the Honda AICO arrangement, the Philippines (Honda Car Philippines, Inc.) will import from Malaysia (Honda Malaysia Sdn Bhd.) certain original equipment manufacture (OEM) automotive parts/components for Honda CR-V light commercial vehicles (H.S. 8702.90.10). In exchange, Malaysia will import from the Philippines complementary parts/components for the OEM of Honda City and Civic; WHEREAS, AICO Certificate of Eligibility (COE) No. Honda/2002/26 was issued on 19 December 2002, in favor of the participating companies in the Honda AICO Arrangement; WHEREAS, in consonance with Article 5 and 7 of the Basic Agreement of the AICO Scheme, participating companies in the approved Honda AICO Arrangement shall qualify for 0–5% preferential tariff rates to be extended by Malaysia and the Philippines as participating countries; NOW, THEREFORE, I, GLORIA MACAPAGAL-ARROYO, President of the Philippines, pursuant to the powers vested in me under Section 402 of the Tariff and Customs Code of 1978, as amended, 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 accorded the AICO rate of 3% on parts/components of HONDA CR-V, light commercial vehicle (H.S. 8702.90 10) as specified in Column 6 thereof. SECTION 2. The AICO rate provided in Annex “A” shall be accorded to the AICO entity in Malaysia (Honda Malaysia Sdn. Bhd.) upon the effectivity of this Executive Order. SECTION 3. In the event that any subsequent changes are made in the basic (Most Favored Nation) Philippine rate of duty on any of the articles listed in Annex “A” to a rate lower than the AICO rate prescribed in Column 6 of Annex “A”, such articles shall automatically be accorded the corresponding reduced rate of duty. SECTION 4. Upon the effectivity of this Executive Order, the articles specifically listed in the aforesaid Annex “A” which are entered or withdrawn from warehouses in the Philippines for consumption shall pay the applicable AICO preferential tariff rates specified under Section 1 and 3 hereof, subject to qualification under the Rules of Origin for the CEPT, as evidenced by the Certificate of Origin — Form “D”. SECTION 5. Any revision/s to the part numbers appearing in Column 4 of Annex “A” shall be communicated immediately to the Bureau of Customs by the Board of Investments within five (5) days after receipt of the official copy of the revised part number/s from the ASEAN Secretariat. SECTION 6. This Executive Order shall take effect immediately. DONE in the City of Manila, this 31st day of March, in the year of our Lord, Two Thousand and Three. ANNEX “A” ARTICLES GRANTED PREFERENTIAL TARIFF UNDER THE APPROVED HONDA AICO SCHEME APPLICABLE AICO H.S. Code Model/Type Product Description Part No. Source Country PREFERENTIAL (AICO Company) TARIFF (1) (2) (3) (4) (5) (6) 8702.90 10 CR-V light SHAFT ASSY, R DRIVE 42310-S9A-0000 Malaysia 3
commercial SHAFT ASSY, L DRIVE
42311-S9A-0000 (Honda Malaysia
vehicle SHAFT ASSY, R DRIVE 44305-S9A-0000 Sdn. Bhd.) SHAFT ASSY, L DRIVE 44306-S9A-0000 |
chanroblesvirtuallawlibrary
|
|
|
|
|
Harvard Computer Systems, Inc. |
Since 19.07.98.
Search
for www.chanrobles.com
.