EXECUTIVE ORDER NO. 1038 July 9, 1985
MODIFYING THE RATES OF DUTY ON IMPORTED RAYON ARTICLES AS PROVIDED UNDER PRESIDENTIAL DECREE NO. 1464, AS AMENDED, OTHERWISE KNOWN AS THE TARIFF AND CUSTOMS CODE OF 1978
WHEREAS, Executive Order No. 926 provided that effective January 1, 1985, the tariff duty for regenerated fibres (including rayon) shall be increased to 20%;
WHEREAS, there has been a delay in the implementation of the rayon project and local textile mills have to import raw materials for, their requirements;
WHEREAS, there is a need to maintain the 1984 tariff rate of 10% for rayon to enable the textile industry to be competitive in the world market;
NOW, THEREFORE, I, FERDINAND E. MARCOS, President of the Republic of the Philippines, by virtue of the powers vested in me by the Constitution, and Section 401 of the Tariff and Customs Code, as amended, do hereby order and direct:
Sec. 1. The rate of import duty under heading Nos. 56.01 and 56.02 of the Code are hereby amended to read as follows:
|
Tariff Heading No. |
Description of Articles |
Rate of duty effective with respect
to articles entered on or after |
|
|
|
July 1 |
January 1 |
|
|
1985 |
1986 |
1987 |
1988 |
|
56.01 |
Man-made fibres (discontinuous) not carded, combed or otherwise prepared for spinning: |
|
|
|
|
|
500 |
Regenerated fibres (including rayon), ad val. |
10% |
10% |
10% |
20% |
|
56.01 |
Continuous filament tow for the manufacture of man made fibres (discontinuous) |
|
|
|
|
|
500 |
of regenerated fibres (including rayon) |
10% |
10% |
10% |
20% |
Sec. 2. This Executive Order shall take effect immediately.
DONE in the City of Manila, this 9th day of July, in the year of Our Lord, nineteen hundred and eighty-five.
The Lawphil Project - Arellano Law Foundation
