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Executive Order No. 261 (2003)
AMENDING EXECUTIVE ORDER NOS. 74 AND 162, SERIES OF 1999 AND 2003, RESPECTIVELY, ENTITLED "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 (AICO0 SCHEME, IN FAVOR OF PHILIPPINES AUTO COMPONENT, INC. (PAC)-(COE NOS. DENSO/1998/1(A) AND DENSO/2002/6(A).
Section 1. The fifth. WHEREAS clause of Executive Order No. 74 dated 15 January 1999 is hereby amended to read as follows:
" WHEREAS, under the Denso AICO Arrangement, the Philippines (Philippines Auto Component, Inc. ) will import from Thailand (Denso International (Thailand) Co., Ltd. And Denso (Thailand) Co., Ltd.) certain original equipment manufacture (OEM) automotive parts/components."
Section 2. Section 6 of Executive Order No. 74 dated 15 January 1999 is hereby amended to read as follows:
"The AICO rates provided in Annex "A" shall be accorded to the AICO entries in Thailand (Denso International (Thailand) Co., Ltd., and Denso (Thailand) Co., Ltd.) upon the effectivity of this Executive Order."
Section 3. The third WHEREAS clause of Executive Order No. 162 dated 10 January 2003 is hereby amended to read as follows:
" WHEREAS, under the Denso AICO Arrangement, the Philippines (Philippines Auto Component, Inc.) will import from Thailand (Denso International (Thailand) Co., Ltd, and Denso (Thailand) Co., Ltd.) certain original equipment manufacture (OEM) automotive parts/components.".
Section 4. Section 2 of Executive Order No. 162 dated 10 January 2003 is hereby amended to read as follows:
"The AICO rates provided in Annex "A" shall be accorded to the AICO entities in Thailand (Denso International (Thailand) Co., Ltd., and Denso (Thailand) Co., Ltd.) upon the effectivity of this Executive Order".
Section 5. Annex "C" of Executive Order No. 74 dated 15 January 1999 is hereby amended to read as follows:
ARTICLES GRANTED PREFERENTIAL TARIFF UNDER THE APPROVED DENSO (PAC) AICO SCHEME
HS CODE
DESCRIPTION
SOURCE COUNTRY/(AICO COMPANY)
APPLICABLE AICO PREFERENTIAL TARIFF (%)
(1)
(2)
(3)
(4)
9229.20 90
Motorcycle meters
Thailand(Denso International (Thailand)Co. Ltd. And Denso (Thailand)Co. Ltd.)
3
9405.40 90
Lighting fittings (bulbs) for instrument clusters
Thailand(Denso International (Thailand)Co. Ltd. And Denso (Thailand)Co. Ltd.)
5
Section 6. Annex "A" of Executive Order No. 162 dated 10 January 2003 is hereby amended to read as follows:
Annex "A"
HS Code
Applied Final Product
Product Description
Source Country (AICO Company)
Applicable AICO Preferential Tariff (%)
(1)
(2)
(3)
(4)
(5)
8414.90 00
Fans
Fan assembly and shroud assembly
Thailand (Denso International (Thailand) Co. Ltd. And Denso (Thailand) Co. Ltd.)
3
8419.89 10
Evaporators
Evaporators for air-conditioning machines for motor vehicles
Thailand (Denso International (Thailand) Co. Ltd. And Denso (Thailand) Co. Ltd.)
3
8708.91 10
Aluminum radiators
Upper/lower tanks; tanks subassembly, lower
Thailand (Denso International (Thailand) Co. Ltd. And Denso (Thailand) Co. Ltd.)
3
8708.91 20
Aluminum radiators
Core subassembly
Thailand (Denso International (Thailand) Co. Ltd. And Denso (Thailand) Co. Ltd.)
Section 7. This Executive Order shall take effect immediately. ᇈWᑭHIL
DONE in the City of Manila, this 30th day of December, in the year of our Lord Two Thousand and Three.
(SGD.) GLORIA MACAPAGAL-ARROYO President of the Philippines
By the President:
(SGD.) ALBERTO G. ROMULO Executive Secretary