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Executive Order No. 479 (2005)
under the Toyota AICO Certificate of Eligibility No. Toyota/2005/31, the Philippines (Toyota Motor Philippines Corporation and Toyota Autoparts Philippines, Inc.) will import from Malaysia (Assembly Services Sdn. Bhd.) certain original equipment manufacture (OEM) automotive parts/components for Toyota Innova (AHTN 8703.90.27A / 8703.90.28A). In exchange, Malaysia (Assembly Services Sdn. Bhd.) will import from the Philippines complementary component parts for the OEM of Toyota Innova, Vios, Camry
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 accorded the AICO rate of 0% on parts/components as specified in Column 5 thereof.
Section 2. The AICO rate provided in Annex "A" shall be accorded to the AICO entity in Malaysia (Assembly Services Sdn. Bhd.) upon the effectivity of this Executive Order.
Section 3. Upon the effectivity of this Executive Order, the articles specifically listed in the aforesaid Annex "A" that entered into or withdrawn from warehouses in the Philippines for consumption shall pay the applicable AICO preferential tariff rates specified under Section 1 hereof, subject to qualification under the Rules of Origin for the CEPT, as evidenced by the Certificate of Origin - Form "D".
Section 4. All presidential issuances, administrative rules and regulations or parts thereof, which are contrary to or inconsistent with this Executive Order are hereby revoked or modified accordingly.
Section 5. This Executive Order shall take effect fifteen (15) days following its complete publication in two (2) newspapers of general circulation in the Philippines.
DONE in the City of Manila, this 23rd day of December, in the year of Our Lord, Two Thousand and Five.
(Sgd.) GLORIA MACAPAGAL-ARROYO
By the President:
(Sgd.) EDUARDO R. ERMITA
Executive Secretary