PRESIDENTIAL DECREE No. 1628
- gavelfy
- Jan 4
- 4 min read
TO AMEND THE SECOND PARAGRAPH OF SECTION 104 AND TO MODIFY THE RATES OF DUTY ON CERTAIN IMPORTED ARTICLES PROVIDED UNDER PRESIDENTIAL DECREE NO. 1464, OTHERWISE KNOWN AS THE TARIFF AND CUSTOMS CODE OF 1978
WHEREAS, the level of prices of imported essential raw materials and other intermediate inputs of the food processing industries are projected to increase due to the rise in the prices of oil and other forms of energy;
WHEREAS, it is necessary to keep to the minimum level the prices of essential consumer goods in order to make these goods available to the general mass of consumers;
WHEREAS, the promotion of Philippine exports of food products is an important factor to a vigorous development of the food processing industry geared towards the domestic and international market;
WHEREAS, it is necessary to effect immediate modification in the rates and/or classification in the tariff schedules concerning articles of the food processing industry in order to meet any contingency caused by the increase in the price of oil;
NOW, THEREFORE, I, FERDINAND E. MARCOS, President of the Republic of the Philippines, by virtue of the powers vested in me by the Constitution, do hereby decree and order as follows:
Section 1. The provisions of the second paragraph of Section 104 of the Tariff and Customs Code of 1978 is hereby amended to read as follows:
"Sec. 104. . . .
There shall be levied, collected and paid upon all imported articles the rates of duty indicated in the Schedule under this section except as otherwise specifically provided for in this Code: Provided, That, the maximum rate shall not exceed one hundred per cent ad valorem.
Section 2. The articles classified in the headings and subheadings under Section 104 of Presidential Decree Numbered Fourteen Hundred and Sixty-Four, specifically listed in Annex "A" of this Decree, shall pay the rates of import duty indicated opposite each.
Section 3. This Decree shall take effect thirty (30) days after its publication.
Done in the City of Manila, this 11th day of July, in the year of Our Lord, nineteen hundred and seventy-nine.
I. FOOD PROCESSING INDUSTRY
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