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Executive Order No. 484 (1991)
firms engaged in preferred areas of activity, whose projects were registered with the Board of Investments on or before January 2, 1991, have been adversely affected by the imposition of the additional—ad valorem—duly considering that this additional cost was not taken into account in the preparation of— their projections;
Section 1. Section 3 of Executive Order No. 443, as amended by Executive Order No. 475, Series of 1991, is hereby amended by adding a new paragraph to read as follows:
"(h) Effective November 1, 1991, capital equipment and spare parts imported by firms engaged in preferred areas of activity whose projects were registered with the Board of Investments on or before January 2, 1991."
Section 2. All other provisions of aforesaid Executive Order No. 443, as amended, and all rules and regulations issued pursuant thereto, not inconsistent with this Executive Order, shall remain valid and effective.
Section 3. This Executive Order shall take effect after two (2) days following the completion of its publication in two (2) national newspapers of general circulation and shall remain effective unless sooner revoked or modified.
DONE in the City of Manila, this 18th day of October, in the year of Our Lord, nineteen hundred and ninety-one.
(Sgd.) CORAZON C. AQUINO
By the President:
(Sgd.) FRANKLIN M. DRILON Executive Secretary