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Executive Order No. 395 (2004)
on 13 December 1996, fourteen (14) economies signed in Singapore a Ministerial Declaration on Trade in Information Technology (IT) Products providing for the elimination/binding of tariffs on certain IT products beginning 01 July 1997 and ending on 01 January 2000 with extended staging of tariff reductions up to the year 2005 for developing countries;
Section 1. The articles specifically listed in Annex "A" hereof, as classified under Section 104 of the Tariff and Customs Code of 1978, 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 rate 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effectivity of this Executive Order, the articles specifically listed in the aforesaid "Annex" which are entered in or withdrawn from warehouses in the Philippines for consumption shall be levied the rates of duty herein prescribed.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. 1a⍵⍴h!1
Section 5. This Executive Order shall take effect on 01 January 2005 following its complete publication in two (2) newspapers of general circulation in the Philippines.
DONE in the City of Manila, this 31st day December, in the year of Our Lord, Two Thousand and Four.
(SGD.) GLORIA MACAPAGAL-ARROYO President of the Philippines
By the President:
(SGD.) EDUARDO R. ERMITA Executive Secretary