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Executive Order No. 288 (1995)
WHEREAS, in order to achieve global competitiveness, the said Plan stipulates that the Government should continue to undertake the import liberalization and the tariff reform programs towards achieving a structure which approximates uniform effective levels of trade and industrial protection across various sectors of the economy;
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 as listed in the aforementioned Annex.
SEC. 2. A two-tiered tariff structure of 3% and 10% for raw materials and finished products, respectively, as listed in Annex "A" hereof, shall be fully implemented by 1 January 2003. The details of such tariff structure shall be prepared and submitted to the President of the NEDA in accordance with Section 401 of the same Code.
SEC. 3. Starting 1 January 2004, a uniform rate of 5% ad valorem shall be imposed on articles listed in Annex "A" hereof.
SEC. 4. Upon the effectivity of this Executive Order, the articles specifically listed in the aforesaid Annex "A" which are entered or withdrawn from warehouses in the Philippines for consumption shall be levied the rates of duty herein prescribed.
SEC. 5. All Presidential issuances, administrative rules and regulations, or parts thereof, which are inconsistent with this Executive Order are hereby revoked or modified accordingly.
SEC. 6. This Executive Order shall take effect 30 days following its complete publication in two (2) newspapers of general circulation in the Philippines.
DONE in the City of Manila, this 12th day of December in the year of Our Lord, Nineteen Hundred and Ninety-Five.