ChanRobles Virtual law Library



PHILIPPINE LAWS, STATUTES & CODES

A collection of Philippine laws, statutes and codes not included or cited in the main indices of the Chan Robles Virtual Law Library.



google search for chanrobles.comSearch for www.chanrobles.com


Republic Acts :

REPUBLIC ACTS

PLEASE CLICK HERE FOR THE LATEST ➔ PHILIPPINE LAWS, STATUTES & CODES



REPUBLIC ACT NO. 7369

REPUBLIC ACT NO. 7369 - AN ACT GRANTING TAX AND DUTY EXEMPTION AND TAX CREDIT ON CAPITAL EQUIPMENT

Section 1.    Paragraph (c), Article 39, Title III of the Omnibus Investments Code of 1987 is hereby amended to read as follows:

"(c)    Tax and Duty Exemption on Imported Capital Equipment. — Until December 31, 1994, importations of machinery and equipment and accompanying spare parts of new and expanding registered enterprise shall be exempt to the extent of One hundred percent (100%) of the customs duties and national internal revenue tax payable thereon: provided, that the importation of machinery and equipment and accompanying spare parts shall comply with the following conditions:

"(1)    They are not manufactured domestically in sufficient quantity, of comparable quality and at reasonable prices;

"(2)    They are reasonably needed and will be used exclusively by the registered enterprise in the manufacture of its products, unless prior approval of the Board is secured for the part-time utilization of said equipment in a non-registered activity to maximize usage thereof or the proportionate taxes and duties are paid on the specific equipment and machinery being permanently used for non-registered activities;

"(3)    The approval of the Board was obtained by the registered enterprise for the importation of such machinery, equipment and spare parts." In granting the approval of the importations under this paragraph, the Board may require international canvassing but if the total cost of the capital equipment or industrial plant exceeds US$5,000,000.00, the Board shall apply or adopt the provisions of Presidential Decree Numbered 1764 on International Competitive Bidding. 

"If the registered enterprise sells, transfers or disposes these machinery, equipment and spare parts without prior approval of the Board within five (5) years from the date of acquisition, the registered enterprise and the vendee, transferee, or assignee shall be solidarily liable to pay twice the amount of the tax exemption given it.

"The Board shall allow and approve the sale, transfer, disposition of the said items within the said period of five (5) years if made:

"(aa)    to another registered enterprise or registered domestic producer enjoying similar incentives;

"(bb)    for reason of proven technical obsolescence; or

"(cc)    for purposes of replacement to improve and/or expand the operations of the registered enterprises."

Sec. 2.    Paragraph (d), Article 39, Title III of the same Code, is likewise amended to read as follows:

"(d)    Tax credit on Domestic Capital Equipment. — A tax credit equivalent to One hundred percent (100%) of the value of the national internal revenue taxes and customs duties that would have been waived on the machinery, equipment and spare parts, had these items been imported shall be given to the new and expanding registered enterprise which purchases machinery, equipment and spare parts from a domestic manufacturer: provided, that (1) that the said equipment, machinery and spare parts are reasonably needed and will be used exclusively by the registered enterprise in the manufacture of its products, unless prior approval of the Board is secured for the part-time utilization of said equipment in a nonregistered activity to maximize usage thereof; (2) that the equipment would have qualified for tax and duty-free importation under paragraph (c) hereof; (3) that the approval of the Board was obtained by the registered enterprise; and (4) that the purchase is made on or before December 31, 1994. If the registered enterprise sells, transfers, or disposes of these machinery, equipment and spare parts, the provision in the preceding paragraph for such disposition shall apply."  

Sec. 3.    For a period of three (3) years starting January 1, 1995, the following imported articles shall be exempt from duties imposed under Section 104 of the Tariff and Customs Code of 1978, as amended, and all kinds of levies provided by law or presidential decree:

    HDG. NO.    HARMONIZED    DESCRIPTION
    SYSTEM CODE

84.02    Steam or other vapour generating
    boilers (other than central heating hot
    water boilers capable also
    of producing low pressure steam);
    super-heated water boilers.

    - Steam or other vapour generating
    boilers.

    8402.11 00    - Watertube boilers with a steam
    production exceeding 45 t per hour

    8402.12    - Watertube boilers with a steam
    production not exceeding 45 t per
    hour;

    8402.12 10    - With rating above 9.4 t per hour

    8402.12 90    - Other

    8402.19    - Other vapour generating boilers,
    including hybrid boilers;

    8402.19 10    - With rating above 9.4 t per hour

    8402.19 90    - Other

    8402.20    - Super-heated water boilers

    8402.20 10    - With rating above 9.4 t per hour

    8402.20 90    - Other

    x x x

84.03    Central heating boilers other than
    those of heading No. 84.02.

    8403.10 00    - Boilers

    x x x

84.04    Auxiliary plant for use with boilers of
    heading No. 84.02 or 84.03 (for
    example, economizers, super-heaters,
    soot removers, gas recoverers);
    condensers for steam or other vapour
    power units.

    8404.10    - Auxiliary plant for use with boilers
    of heading No. 84.02 or 84.03;

    8404.10 10    - Auxiliary plant for use with boilers
    of heading No. 84.02

    8404.10 90    - Other

    8404.20 00    - Condensers for steam and other
    vapour power units

    x x x

84.05    Producer gas or water gas
    generators,
    with or without their purifiers,
    acetylene
    gas generators and similar water;
    process gas generators, with or
    without their purifiers.

    8405.10 00    - Producers gas or water gas
    generators,
    with or without their purifiers;
    acetylene gas generators and
    similar water process gas generators,
    with or without their purifiers.

    x x x

84.06    Steam turbines and other vapour
    turbines.

    - Turbines;

    8406.11 00    - For marine propulsion

    8406.19 00    - Other

    x x x

84.07    Spark-ignition reciprocating or rotary
    internal combustion piston engines.

    x x x

    - Marine propulsion engines:

    8407.21 00    - Outboard motors

    x x x

    - Reciprocating piston engines of a
    kind used for the propulsion
    of vehicles of Chapter 87;

    8407.31    -Of a cylinder capacity not exceeding
    50 cc

     x x x

84.08    Compression-ignition internal
    combustion
    piston engines (diesel or semi-diesel
    engines).

    8408.10 00    - Marine propulsion engines

    x x x

84.10    Hydraulic turbines, water wheels, and
    regulators therefore.

    - Hydraulic turbines and water
    wheels:

    8410.11 00     -Of a power not exceeding 1,000 kw

     8410.12 00     -Of a power exceeding 1,000 kw but
    not exceeding 10,000 kw

    8410.13 00    - Of a power exceeding 10,000 kw

    x x x

84.13    Pumps for liquids, whether or not
    fitted with a measuring device;
    liquid elevators.

    -Pumps fitted or designed to be fitted
    with a measuring device;

    x x x

    8413.19 00    - Other

    8413.20 00    - Hand Pumps, other than those of
    subheading No. 8413.11 or 8413.19

    8413.30 00    - Fuel, lubricating or cooling medium
    pumps for internal combustion piston
    engines

    8413.40 00    - Concrete pumps

    8413.50 00    - Other reciprocating positive
    displacement pumps

    8413.60 00    - Other rotary positive displacement
    pumps

    8413.70 00     - Other centrifugal pumps;

    8413.70 10    - Centrifugal water pumps, single
    stage, single suction, horizontal shaft
    type suitable for belt drive or direct
    coupling (except pumps with shafts
    common with prime mover)
    with casings and impellers of cast
    iron or bronze

    8413.70 90    - Other
    - Other pumps; liquid elevators;

    8413.81 00    - Pumps

    8413.82 00    - Liquid elevators

    x x x

84.14    Air or vacuum pumps, air or other gas
    compressors and fans; ventilating or
    recycling hoods incorporating a fan,
    whether or not fitted with filters.

   
8414.00 00    - Vacuum pumps
   
x x x
   
8414.30 00    - Compressors of a kind used in
    refrigerating equipment.

    x x x

    8414.40 00    - Air compressor mounted on a
    wheeled chassis for towing

    x x x

    8414.60 00    - Hoods having a maximum
    horizontal side not exceeding 120 cm

    8414.80 00    - Other

    x x x

84.16    Furnace burners for liquid fuel, for
    pulverized solid fuel or for gas;
    mechanical strokers, mechanical
    grates, mechanical ash discharges
    and similar appliances.

    8416.10 00    - Furnace burners for liquid fuel

    8416.20 00    - Other furnace burners, including
    combination burners

    8416.30 00    - Mechanical strokers, mechanical
    grates, mechanical ash dischargers
    and similar appliances

    x x x

84.17    Industrial or laboratory furnaces and
    ovens, including incinerators,
    non-electric.

    8417.10 00    - Furnaces and ovens for the roasting
    melting or other heat-treatment of
    ores, pyrites or of metals

    8417.20 00    - Bakery ovens, including biscuit
    ovens

    8417.80 00    - Other

    x x x

84.19    Machinery, plant or laboratory
    equipment, whether or not electrically
    heated, for the treatment of
    materials by a process involving a
    change of temperature such as
     heating, cooking, roasting, distilling, rectifying,
    sterilizing, pasteurizing, steaming,
    drying, evaporating, vaporizing,
    condensing or cooling, other than
    machinery or plant of a kind used
    for domestic purposes; instantaneous
    or storage water heaters, non-electric.

    - Instantaneous or storage water

    8419.11 00    - Instantaneous gas water heaters

    8419.19 00    - Other

    x x x

    - Dryers;

    8419.31 00    - For agricultural products

    8419.32 00    - For wood, paper pulp, paper or
    paperboard

    8419.39    - Other

    8419.39 10     - Driers for printing plate making

    8419.39 00    - Other

    8419.40 00    - Distilling or rectifying plant

    8419.50 00    - Heating exchange units

    8419.60 00    - Machinery for liquefying air or gas

    - Other machinery, plant and
    equipment;

    8419.81 00    - For making hot drinks or for
    cooking or heating food

    8419.89     - Other;

    8419.89 10    - Sterilizing apparatus (other than
    those covered in subheading No.

    8419.20 00)

    8419.89 90    - Other

    x x x

84.20    Calendaring or other rolling
    machines, other than for metals or
    glass, and cylinders therefore.

    8420.10 00    - Calendaring or other
    rolling machines

    x x x

84.21     Centrifuges, including centrifugal
    dryers; filtering or purifying
    machinery and apparatus, for liquids
    or gases.

    - Centrifuges, including centrifugal
    dryers;

    8421.11 00    - Cream separators

    8421.17 00    - Clothes-dryers

    (EXCLUDING THOSE FOR
    HOUSEHOLD USE)

    8421.19 00    - Other

    - Filtering or purifying machinery
    and apparatus for liquids;

    8421.21 00    - For filtering or purifying water

    (EXCLUDING THOSE FOR
    HOUSEHOLD USE)

    8421.22 00    - For filtering or purifying beverages
    other than water

    (EXCLUDING THOSE FOR
    HOUSEHOLD USE)

    8421.23 00    - Oil or petrol-filters for internal
    combustion engines

    8421.29 00    - Other

    (EXCLUDING THOSE FOR
    HOUSEHOLD USE)

    - Filtering or purifying machinery
    and apparatus for gases;

    8421.31 00    - Intake air filters for internal
    combustion engines

    8421.39 00    - Other

    (EXCLUDING THOSE FOR
    HOUSEHOLD USE)

    x x x

84.22    Dish washing machines; machinery
    for cleaning or drying bottles or other
    containers; machinery for filling,
    closing, sealing, capsuling or
    labelling bottles, cans, boxes, bags or
    other containers; other packing or
    wrapping machinery, machinery for
    aerating beverages.

    - Dish washing machines;

    x x x

    8422.19 00     - Other

    x x x

    8422.30 00     - Machinery for filling, closing,
    sealing, capsuling or labelling bottles,
    cans, boxes, bags or other containers;
    machinery for aerating beverages

    8422.40 00    - Other packing or wrapping
    machinery

    x x x

84.25    Pulley tackle and hoists other than
    skip hoists; winches and capstans;
    jabs.

    - Pulley tackle and hoists other than
    skip hoists or hoists of a kind used for
    raising vehicles;

    8425.11 00    - Powered by electric motor

    8425.19 00     - Other

    8425.20 00    - Pit-head winding gear; winches
    specially designed for use underground

    - Other winches; capstans;

    8425.31 00    - Powered by electric motor

    8425.39 00    - Other

    - Jacks; hoists of a kind used for
    raising vehicles;

    8425.41 00    - Built-in jacking system of a type
    used in garages

    8425.42 00    - Other jacks and hoists, hydraulic

    8425.49 00    - Other

84.26    Derricks; cranes, including cable
    cranes; mobile lifting frames,
    straddle carriers and works trucks
    fitted with a crane.

    - Overhead travelling cranes,
    transporter cranes, ganty cranes, bridge
    cranes, mobile lifting frames and
    straddle carriers;

    8426.11 00    - Overhead travelling cranes on
    fixed support

    8426.12    - Mobile lifting frames on types and
    straddle carriers;

    8426.12 10    - Straddle carriers;

    8426.12 20    - Mobile lifting frames on types

    8426.19 00    - Other

    8426.20 00     - Tower cranes

    8426.30 00    - Portal or pedestal jib cranes

    - Other machinery, self-propelled;

    8426.41    - On tyres;

    8426.41 10    - Crane trucks

    8426.41 90    - Other

    8426.49 00    - Other

    - Other machinery;

    8426.91 00    - Designed for mounting on road
    vehicles

    8426.99 00    - Other

    x x x

84.28    Other lifting, handling, loading or
    unloading machinery (for example,
    lifts, escalators, conveyors, teleferics).

    8428.10 00    - Lifts and skip hoists

    8428.20 00    - Pneumatic elevators and conveyors

    - other continuous-action elevators
    and conveyors, for goods or materials;

    8428.31 00    - Specially designed for underground
    use

    8428.32 00    - Other, bucket type

    8428.33 00    - Other, belt type

    8428.39 00    - Other

    8428.40 00    - Escalators and moving walkways

    8428.50 00    - Mine wagon pushers, locomotive or
    wagon traversers, wagon tippers and
    similar railway wagon handling
    equipment

    8428.60 00    - Teleferics, chair-lifts, ski-draglines;
    traction mechanisms for funiculars

    8428.90 00    - Other machinery

84.29    Self-propelled bulldozers, angledozers,
    graders, levellers, scrapers, mechanical
    shovels, excavators, shovel loaders,
    tamping machines and road rollers.

    - Bulldozers and angledozers

    8429.11 00    - Track laying

    8429.19 00    - Other

    8429.20 00    - Graders and levellers

    8429.30 00    - Scrapers

    8429.40 00    - Tamping machines and road rollers

    - Mechanical shovels, excavators and
    shovel loaders

    8429.51 00    - Front-end shovel loaders

    8429.52 00    - Machinery with a 360 o revolving
    superstructure

    8429.59 00    - Other

84.30    Other moving, leveling, scraping,
    excavating, tamping, compacting,
    extracting or boring machinery,
    for earth, minerals or ores;
    pile-drivers and pile extractors;
    snow-ploughs and snow-blowers.

    8430.10 00    - Pile-drivers and pile extractors

    x x x

    - Coal or rock cutters and tunnelling
    machinery;

    8430.31 00    - Self-propelled

    8430.39 00    - Other

    - Other boring or sinking machinery;

    8430.41 00    - Self-propelled

    8430.49 00    - Other

    8430.50 00    - Other machinery, self-propelled

    - Other machinery, not self-propelled;

    8430.61 00    - Tamping or compacting machinery

    8430.62 00    - Scrapers

    8430.69 00    - Other

    x x x

84.33    Harvesting or threshing machinery,
    including straw or fodder balers;
    grass or hay mowers; machines for
    cleaning, sorting or grading eggs,
    fruit or other agricultural produce,
    other than machinery of heading No.

    84.37.

    x x x

    8433.20 00    - Other mowers, including cutter
    bars for tractor mounting

    8433.30 00    - Other haymaking machinery

    8433.40 00    - Straw or fodder balers; including
    pick-up balers

    - Other harvesting machinery;
    threshing machinery;

    8433.51 00    - Combine harvester-threshers

    8433.52 00    - Other threshing machinery

    8433.53 00    - Root or tuber harvesting machines

    8433.59 00    - Other

    8433.60 00    - Machines for cleaning, sorting or
    grading eggs, fruit or other agricultural
    produce

84.34    Milking machines and dairy machinery.

    8434.10 00    - Milking machines

    8434.20 00    - Dairy machinery

    x x x

84.35    Presses, crushers and similar
    machinery used in the manufacture of
    wine, cider, fruit juices or similar
    beverages.

    8435.10 00    - Machinery

     x x x

84.37    Machines for cleaning, sorting or
    grading seed, grain or dried
    leguminous vegetables, machinery used
    in the milling industry or for the
    working of cereals or dried
    leguminous vegetables, other than
    farm-type machinery.

    8437.10    - Machinery for cleaning, sorting or
    grading seed, grain, or dried
    leguminous vegetables;

    8437.10 10    - For bread grains (e.g. wheat, rye)

    8437.10 90     - Other

    8437.80    - Other Machinery;

    8437.80 10    - Rice hullers and cone type rice mill

    8437.80 90    - Other

    x x x

84.38    Machinery, not specified or included
    elsewhere in this Chapter, for the
    industrial preparation or manufacture
    of food or drink, other than machinery
    for the extraction or preparation of
    animal or fixed vegetable fats or oils.

    8438.10 00    - Bakery machinery and machinery
    for the manufacture of macaroni,
    spaghetti or similar products.

    8438.20 00    - Machinery for the manufacture of
    confectionery, cocoa or chocolate

    8438.30 00    - Machinery for sugar manufacture

    8438.40 00    - Brewery machinery

    8438.50 00    - Machinery for the preparation of
    meat or poultry

    8438.60 00    - Machinery for the preparation of
    fruits, nuts or vegetables

    8438.80 00    - Other machinery

     x x x

84.39    Machinery for making pulp of fibrous
    cellulosic materials or for making or
    finishing paper or paperboard.

    8439.10 00    - Machinery for making pulp of
    fibrous cellulosic material

    8439.20 00    - Machinery for making paper or
    paperboard

    8439.30 00    - Machinery for finishing paper or
    paperboard

    x x x

84.40    Book-binding machinery; including
    book-sewing machines.

    8440.10 00    - Machinery

    x x x

84.41    Other machinery for making up paper
    pulp, paper or paperboard, including
    cutting machines of all kinds.

    8441.10    - Cutting machines;

    8441.10 10    - For photographic prints on paper
    or paperboard mounts for photographs.

    8441.10 90    - Other

    8441.20 00    - Machines for making bags, sacks or
    envelopes

    8441.30 00    - Machines for making cartons,
    boxes, cases, tubes, drums or similar
    containers, other than by moulding

    8441.40 00    - Machines for moulding articles in
    paper pulp, paper or paperboard

    8441.80 00    - Other machinery

    x x x

84.42    Machinery, apparatus and equipment
    (other than the machine-tools of
    headings Nos. 84.56 to 84.65), for
    type-founding or type-setting, for
    preparing or making printing blocks,
    plates, cylinders and other printing
    components: printing type, blocks,
    plates, cylinders and other printing
    components: blocks, plates, cylinders
    and lithographic stones, prepared
    for printing purposes (for example,
    planed, grained or polished).

    8442.10 00    - Phototype-setting and composing
    machines

    8442.20 00    - Machinery, apparatus and
    equipment for type-setting or
    composing by other processes, with or
    without founding device

    8442.30 00    - Other machinery, apparatus and
    equipment

    x x x

    8442.50 00    - Printing type, blocks, plates,
    cylinders and other printing
    components, blocks, plates, cylinders
    and lithographic stones, prepared for
    printing purposes (for example, planed,
    grained, or polished)

84.43    Printing machinery, machines for uses
    ancillary to printing.

    - Offset printing machinery

    8443.11 00    - Reel fed

    8443.12 00    - Sheet fed, office type (sheet size
    not exceeding 27 x 36 cm)

    8443.19 00    - Other
    Letterpress printing machinery;
    excluding flexographic printing;

    8443.21 00    - Reel fed

    8443.29 00    - Other

    8443.30 00    - Flexographic printing machinery

    8443.40 00    - Gravure printing machinery

    8443.50 00    - Other printing machinery

    8443.60    - Machines for uses ancillary to
    printing

    8443.60 10    - Proofing machines, color decks,
    automatic splicers, infeed devices,
    color registration equipment,
    dehumidifiers, anti-wrinkle devices,
    proof presses, moisture control
    stabilizers, embossing machines,
    scoring machines, automatic
    registration controls, saddles, counter
    stackers and ink vibrators

    8443.60 90    - Other

    x x x

84.44    8444.00 00    Machines for extruding, drawing,
    texturing or cutting man-made textile
    materials.

84.45    Machines for preparing textile
    fibers; spinning, doubling or twisting
    machines and other machinery for
    producing textile yarns; textile
    reeling or winding (including
    weft-winding) machines and machines
    for preparing textile yarns for use on
    the machines of heading No. 84.46 or
    84.47.

    - Machines for preparing textile
    fibers

    8445.11 00    - Carding machines

    8445.12 00    - Combing machines

    8445.13 00    - Drawing or roving machines

    8445.19 00    - Other

    8445.20 00    - Textile spinning machines

    8445.30 00    - Textile doubling or twisting
    machines

    8445.40 00    - Textile winding (including
    weft-winding) or reeling machines

    8445.90 00    - Other

84.46    Weaving machines (looms).

    8446.10 00    - For weaving fabrics of a width not
    exceeding 30 cm.

    - For weaving fabrics of a width
    exceeding 30 cm. shuttle type

    8446.21 00    - Power looms

    8446.29 00    - Other

    8446.30 00    - For weaving fabrics of a width
    exceeding 30 cm. shuttleless type

84.47    Knitting machines, stitch-bonding
    machines and machines for making
    dimned yarn, tulle, lace, embroidery,
    trimmings, braid, or net and machines
    for tufting.

    - Circular knitting machines;

    8447.11 00    - With cylinder diameter not
    exceeding 165 mm.

    8447.12 00    - With cylinder diameter exceeding
    165 mm.

    8447.20 00    - Flat knitting machines;
    stitch-bonding machines

    8447.90 00    - Other

84.49    8449.00 00    Machinery for the manufacture or
    finishing of felt or nonwovens in the
    piece or in shapes, including machinery
     for making felt hats; blocks for
    making hats.

    x x x

84.51    Machinery (other than machines of
    heading No. 84.50) for washing
    cleaning, wringing, drying, ironing,
    pressing (including fusing presses),
    bleaching, dyeing, dressing, finishing,
    coating, or impregnating textile yarns,
    fabrics or made up textile articles and
    machines for applying the paste to the
    base fabric or other support used in the
    manufacture of floor coverings such as
    linoleum; machines for reeling,
    unreeling, folding cutting or pinking
    textile fabrics.

    8451.10 00    - Dry-cleaning machines

    - Drying machines;

    8451.21 00    - Each of a dry linen capacity not
    exceeding 10 kg.

    8451.29 00    - Other

    8451.30 00    - Ironing machines and presses
    (including fusing presses)

    8451.40 00    - Washing, bleaching or dyeing
    machines

    8451.50 00    - Machines for reeling, unreeling,
    folding, cutting or pinking textile
    fabrics

    8451.80 00    - Other machinery

    x x x

84.52    8452.30 00    Sewing machine needles
    (EXCLUDING THOSE UNDER
    SUBHEADING NO. 8452.10 00)

     x x x

84.53    Machinery for preparing, tanning or
    working hides, skins or leather or for
    making or repairing footwear or other
    articles of hides, skins or leather,
    other than sewing machines.

    8453.10 00    - Machinery for preparing, tanning or
    working hides, skins or leather

    8453.20 00    - Machinery for making or repairing
    footwear

    8453.80 00    - Other machinery

    x x x

84.54    Converters, ladles, ingot moulds and
    casting machines, of a kind used in
    metallurgy or in metal foundries.

    8454.10 00    - Converters

    8454.20 00    - ingot moulds and ladles

    8454.30 00    - Casting machines

    x x x

84.55    Metal rolling mills and rolls therefore.

    8455.10 00    - Tube mills

    - Other rolling mills

    8455.21 00    - Hot or combination hot and cold

    8455.22 00    - Cold

    8455.30 00    - Rolls for rolling mills

    x x x

84.57    Machining centres, unit construction
    machines (single station) and
    multi-station transfer machines, for
    working metal.

    8457.10 00    - Machine centres

    8457.20 00    - Unit construction machines (single
    Station)

    8457.30 00    - Multi-station transfer machines

84.58    Lathes for removing metal.

    - Horizontal lathes;

    8458.11 00    - Numerically controlled

    8458.19 00    - Other

    - Other lathes;

    8458.91 00    - Numerically controlled

    8458.99 00    - Other

84.59    Machine tools (including way-type unit
    head machines) for drilling, boring,
    milling, threading or tapping by
    removing metal, other than lathes of
    heading No. 84.58.

    8459.10 00    - Way-type unit head machines

    - Other drilling machines

    8459.21 00    - Numerically controlled

    8459.29 00    - Other

    - Other boring-milling machines;

    8459.31 00    - Numerically controlled

    8459.39 00    - Other

    8459.40 00    - Other boring machines

    - Milling machines, knee-type;

    8459.51 00    - Numerically controlled

    8459.59    - Other

    - Other milling machines

    8459.61 00    - Numerically controlled

    8459.69 00    - Other

    8459.70 00    - Other threading or tamping
    machines

    x x x

84.62    Machine tools (including presses) for
    working metals by forging, hammering
    or die-stamping; machine-tools
    (including presses) for working metal
    by bending, folding, straightening,
    flattening, shearing, punching or
    notching, pressing for working metal or
    metal carbides, not specified above.

    8462.10 00    - Forging or die-stamping machines
    (including presses) and hammers

    - Bending, folding, straightening, or
    flattening machines (including
    presses);

    8462.21 00    - Numerically controlled

    8462.29 00    - Other

    - Shearing machines (including
    presses), other than combined
    punching and shearing machines:

    8462.31 00    - Numerically controlled

    8462.39 00    - Other

    - Punching or notching machines
    (including presses), including
    combined punching and shearing
    machines;

    8462.41 00    - Numerically controlled

    8462.49 00    - Other

    - Other:

    8462.91    - Hydraulic presses:

    8462.91 00    - Presses for moulding metallic
    powders by sintering; presses for
    compressing metal scrap into bales, etc.

    8462.91 90    - Other

    8462.99    - Other

    8462.99 10     - Presses for moulding metallic
    powders by sintering; presses for
    compressing metal scrap into bales, etc.

    8462.99 90    - Other

    x x x

84.64    Machine tools for working stone,
    ceramics, concrete asbestos-cement or
    like mineral materials or for cold
    working glass.

    8464.10 00    - Sawing machines

    8464.20 00    - Grinding or polishing machines

    8464.90 00    - Other

84.65    Machine-tools (including machines for
    nailing, stapling, glueing or
    otherwise assembling) for working
    wood, cork, bone, hard rubber, hard
    plastic or similar hard materials.

    8465.10 00    - Machines which can carry out
    different types of machining operations
    without tool change between such
    operations

    - Other;

    8465.91 00    - Sawing machines

    8465.92 00    - Planing, milling or moulding (by
    cutting) machines

    8465.93 00    - Grinding, sanding or polishing
    machines

    8465.94 00    - Bending or assembling machines

    8465.95 00    - Drilling or morticing machines

    8465.96 00    - Splitting, slicing or paring
    machines

    8465.99 00    - Other

84.68    8468.20    - Other gas-operated machinery and
    apparatus;

    8468.20 10    - Complete or finished hand-operated
    gas welding, brazing and cutting
    appliances for metal

    8468.20 90    - Other

    x x x

84.74    Machinery for sorting, screening,
    separating, washing, crushing, grinding,
    mixing or kneading earth, stone, ores
    or other mineral substances, in solid
    (including powder or paste) form;
    machinery for agglomerating, shaping,
    or moulding solid mineral fuels,
    ceramic paste, unhardened cements,
    plastering materials or other mineral
    products in powder or paste
    form; machines for forming foundry
    moulds of sand.

    8474.10 00    - Sorting, screening, separating or
    washing machines

    8474.20 00    - Crushing, or grinding machines
    - Mixing or kneading machines:

    8474.31 00    - Concrete or mortar mixers

    8474.32 00    - Machines for mixing mineral
    substances with bitumen

    8474.39 00    - Other

    8474.80 00    - Other machinery

    x x x

84.75     Machines for assembling electric or
    electronic lamps, tubes or valves or
    flashbulbs, in glass envelopes;
    machines for manufacturing or hot
    working glass or glassware.

    8475.10 00    - Machines for assembling electric or
    electronic lamps, tubes or valves or
    flashbulbs, in glass envelopes

    8475.20 00    - Machines for manufacturing or hot
    working glass or glassware

    x x x

84.77     Machinery for working rubber or
    plastic or for the manufacture of
    products from these materials, not
    specified or included elsewhere in
    this Chapter.

    8477.10 00    - Injection-moulding machines

    8477.20 00    - Extruders

    8477.30 00    - Blow moulding machines

    8477.40 00    - Vacuum moulding machines and
    other

    - thermoforming machines

    - Other machinery for moulding or
    otherwise forming:

    8477.51 00    - For moulding or retreading
    pneumatic tyres or for moulding or
    otherwise forming inner tubes

    8477.59 00    - Other

    8477.80 00    - Other machinery  

    x x x

84.78    Machinery for preparing or
    making up tobacco, not specified or
    included elsewhere in this Chapter,

    8478.10 00    - Machinery

    x x x

84.79    8479.30 00    - Presses for the manufacture of
    particle board or fiber building board
    of wood or other ligneous materials
    and other machinery for treating
    wood or cork

    x x x

84.80    - Moulding boxes for metal foundry:
    mould bases; moulding patterns;
    moulds for metal (other than ingot
    moulds), metal carbides, glass,
    mineral materials, rubber or plastics.

    8480.10 00    - Moulding boxes for metal foundry

    8480.20 00    - Mould bases

    8480.30    - Moulding patterns;

    8480.30 10    - Of iron or steel

    8480.30 90     - Other

    - Moulds for metal or metal carbides;

    8480.41 00    - Injection or compression types

    8480.49 00    -Other

    8480.50 00    - Moulds for glass

    8480.60 00    - Mould for mineral materials

    -Moulds for rubber or plastics;

    8480.71 00    - Injection or compression types

    8480.79 00    - Other

    x x x

84.83     Transmission shafts (including cam
    shafts and crank shafts) and cranks;
    bearing housings and plain shaft
    bearings; gears and gearing; ball
    screws; gear boxes and other speed
    changers, including torque converters;
    flywheels and pulleys, including
    pulley blocks; clutches and shaft
    couplings (including universal joints).

    8483.10 00    - Transmission shafts (including cam
    shafts and crank shafts) and cranks

    8483.20 00    - Bearing housings, incorporating ball
    or roller bearings

    8483.30 00    - Bearing housings, not incorporating
    ball or roller bearings; plain shaft
    bearings

    8483.40 00    - Gears and gearing, other than
    toothed wheels, chain sprockets and
    other transmission elements presented
    separately; ball screws; gear boxes
    and other speed changers, including
    torque converters

    8483.50 00    - Flywheels and pulleys, including
    pulley blocks

    8483.60 00    - Clutches and shaft couplings
    (including universal joints)

    8483.90 00    - Parts

     x x x

85.01     Electric motors and generators
    (excluding generating sets).

    8501.10    - Motors of an output not exceeding
    37.5 W:

    8501.10 10    - Electric motors for toys

    8501.10 90     - Other

    8501.20     - Universal AC/DC motors of an
    output exceeding 37.5 W;

    8501.20 10    - Motors with ratings of 37.5 KW
    and below

    8501.20 20    - Motors with ratings over 3.75 KW
    up to 225 KW

    8501.20 30    - Motors with ratings over 225 KW

    - Other DC motors: DC generators:

    8501.31    - Of an output not exceeding
    750 W:

    8501.31 10    - Electric generators when imported
    by telecommunication companies
    under prior authorization of the
    Board of Communications

    8501.31 20    - Electric generators

    8501.31 90    - Other

    8501.32    - Of an output exceeding 750 W but
    not exceeding 75KW;

    8501.32 10    - Electric generators when imported
    by telecommunication companies
    under its prior authorization of the
    Board of Communications

    8501.32 20    - Electric generators

    8501.32 90    - Other

    8501.33    - Of an output exceeding 75KW but
    not exceeding 375 KW;

    8501.33 10    - Electric generators when imported
    by telecommunication companies
    under prior authorization of the
    Board of Communications

    8501.33 20    - Electric generators

    8501.33 30    - Motors with rating over 225 KW
    but not over 375 KW

    8501.33 90    - Other motors

    8501.34    - Of an output exceeding 375 KW;

    8501.34 10    - Electric generators when imported
    by telecommunication companies
    under prior authorization of the
    Board of Communications

    8501.34 20    - Electric generators

    8501.34 30    - Motors with rating over 375 KW

    8501.40    - Other AC motors; single-phase;

    8501.40 10    - Motors over 225 KW

    8501.40 90     - Other

    - Other AC motors, multi-phase;

    8501.51 00    - Of an output not exceeding 750 W

    8501.52 00    - Of an output exceeding 750 W but
    not exceeding 75 KW

    8501.53    - Of an output exceeding 75 KW;

    8501.53 10    - Motors over 225 KW

    8501.53 90    - Other motors

    - AC generators (alternators);

    8501.61    - Of an output not exceeding 75
    KVA;

    8501.61 10    - When imported by
    telecommunication.

    companies under prior authorization
    of the Board of Communications

    8501.61 90    - Other

    8501.62    - Of an output exceeding 75 KVA but
    not exceeding 375 KVA;

    8501.62 10    - When imported by
    telecommunication
    companies under prior authorization
    of the Board of Communications

    8501.62 90    - Other

    8501.63    - Of an output exceeding 375 KVA
    but not exceeding 750 KVA;

    8501.63 10    - When imported by
    telecommunication companies
    under prior authorization
    of the Board of Communications.

    8501.63 90     - Other

    8501.64    - Of an output
    exceeding 750 KVA;

    8501.64 10    - When imported by
    telecommunication
    companies under prior authorization
    of the Board of Communications

    8501.64 90     - Other

    x x x

85.14    Industrial or laboratory electric
    (including induction or dielectric)
    furnaces and ovens; other industrial
    or laboratory induction or dielectric
    heating equipment.

    8514.10 00    - Resistance heated
    aces and ovens

    8514.20 00    - Induction or dielectric furnaces and
    ovens

    8514.30 00    - Other furnaces and ovens

    8514.40 00    - Other induction or dielectric
    heating equipment

    x x x

85.15    Electric (including electrically
    heated gas), laser or other light or
    photon beam, ultrasonic, electron
    beam, magnetic pulse or plasma are
    soldering, brazing or welding machines
    and apparatus, whether or not capable
    of cutting; electric machines and
    apparatus for hot spraying of metals
    or sintered metal carbides.

    - Brazing or soldering machines and
    apparatus;

    8515.11 00    - Soldering irons and ouns

    8515.19 00    - Other

    - Machines and apparatus for
    resistance welding of metals;

    8515.21 00    - Fully or partly automatic

    8515.29 00    - Other

    - Machines and apparatus for arc
    (including plasma arc) welding of
    metals;

    8515.31 00    - Fully or partly automatic

    8515.39    - Other

    x x x

    8515.39 90    - Other

    8515.80    - Other machines and apparatus;

    8515.80 10    - For hot spraying of metals or
    sintered metal carbides

    8515.80 90    - Other

    x x x

Provided, however, that the National Economic and Development Authority may, upon due notice and public hearing, and in consultation with concerned government agencies, exclude any item from the foregoing list, subject to the condition that the machinery or equipment is being manufactured domestically in sufficient quantity, of comparable quality and at a reasonable price.

Sec. 4.    Pursuant to the preceding Section , a domestic manufacturer of any of the articles enumerated therein shall be entitled to a tax credit equivalent to one hundred percent (100%) of the national internal revenue taxes, customs duties and levies actually paid on the raw materials used in the manufacture of the article. The purchaser of such article shall likewise be entitled to a tax credit of one hundred percent (100%) of the value of the National Internal Revenue taxes, customs duties imposed thereon under Section 104 of the Tariff and Customs Code of 1978, as amended, and levies provided by law or presidential decree had such article been imported.

Sec. 5.    As used in this Act, the term domestic manufacturer shall mean a citizen of the Philippines, a partnership or any other association organized under Philippine laws, with at least sixty percent (60%) of its capital owned and controlled by citizens of the Philippines; a corporation or cooperative organized under Philippine laws with at least sixty percent (60%) of its capital stock outstanding and entitled to vote owned and held by citizens of the Philippines, and with at least sixty percent (60%) of the members of its Board of Directors being citizens of the Philippines.

Sec. 6.    The Board of Investments (BOI) shall issue certificates for the tax credit mentioned in Sec. 4 hereof after evaluation as to whether the manufactured article falls under Sec. 3 of this Act; Provided, however, that the domestic manufacturer has not availed of tax credits thereon under any other investment incentive law, order, rule or regulation: provided, further, that availment of the tax credit provided for under this Act shall bar the availment of tax credits under such other laws, orders, rules or regulations.

Sec. 7.    The BOI shall formulate and publish guidelines for the implementation of this Act in the Official Gazette and in any newspaper of general circulation within ninety (90) days after its approval.

Sec. 8.    All laws, decrees, orders, issuances and rules and regulations or parts thereof inconsistent with this Act are hereby repealed or modified accordingly.  

Sec. 9.    This Act shall take effect fifteen (15) days after the implementing rules have been published and shall be in effect for five (5) years from the date of its approval.

Approved: April 10, 1992

chanrobles virtual law library
Back to Main

chanroblesvirtuallawlibrary


































chanrobles.com




ChanRobles Legal Resources:

ChanRobles On-Line Bar Review

ChanRobles Internet Bar Review : www.chanroblesbar.com

ChanRobles MCLE On-line

ChanRobles Lawnet Inc. - ChanRobles MCLE On-line : www.chanroblesmcleonline.com