EXECUTIVE ORDER NO. 253, June 02, 2000

MODIFYING THE NOMENCLATURE AND THE RATES OF IMPORT DUTY ON VARIOUS PRODUCTS UNDER SECTION 104 OF THE TARIFF AND CUSTOMS CODE OF 1978 (PRESIDENTIAL DECREE NO. 1464, AS AMENDED)

WHEREAS, the modification in the rates of duty of various imported products will provide the necessary assistance and protection to the domestic industries to be globally competitive;

WHEREAS, Section 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 to modify the tariff nomenclature;

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. 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 subject to the rates of import duty in accordance with the schedule indicated opposite each article.

Section 2. The nomenclature and the rates of import duty on tariff headings not enumerated and those listed but represented by the symbol “x x x” shall remain in force and effect.

Section 3. Upon the effectivity of the Executive Order, the articles specifically listed in the aforesaid “ANNEX,” which are entered in or withdrawn from warehouses in the Philippines for consumption, shall be levied the rates of duty herein prescribed.

Section 4. All other Presidential issuances, administrative rules and regulations, or parts thereof, which are inconsistent with this Executive Order are hereby revoked or modified accordingly.

Section 5. This Executive Order shall take effect thirty (30) days following the complete publication in two (2) newspapers of general circulation in the Philippines.

Done in the City of Manila, this 2nd day of June in the year of Our Lord, two thousand.

(Sgd.) JOSEPH EJERCITO ESTRADA

By the President:

RONALDO B. ZAMORA

Executive Secretary