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Executive Order No. 461 (1976)

Executive Order No. 461 (1976)

NOW, THEREFORE, I, FERDINAND E. MARCOS, President of the Philippines, by virtue of the powers vested in me by the law, and upon the recommendation of the Board of Investments, pursuant to the provisions of Section 8(a) of Republic Act No. 5186, otherwise known as the Investment Incentives Act, do hereby certify that the production in the Philippines of sodium tripolyphosphate as a preferred pioneer industry shall be entitled to a post-operative tariff protection in the form of increased customs

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Sec. 1

Sec. 1. The articles specifically listed hereunder as classified under Section 104 of Republic Act Number Nineteen Thirty-Seven as amended by Presidential Decree Number Thirty Four shall pay the following rates of import duty:

Tariff Heading No.

Description of Articles

Rate of Duty

28.40

Phosphates, hypophosphates and phosphates

A. Articles not included in Subheading B

ad val. 10%

B. Sodium tripolyphosphates

ad val. 30%

Sec. 2

Sec. 2. Upon the expiration of thirty (30) days from the issuance of this Order, all the above described articles entered or withdrawn from warehouses in the Philippines for consumption shall be subject to the rates of imported duty herein above-prescribed.

Done in the City of Manila, this 2nd day of February, in the year of Our Lord, nineteen hundred and seventy-six.