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Executive Order No. 62 (2024)
MODIFYING THE NOMENCLATURE AND RATES OF IMPORT DUTY ON VARIOUS PRODUCTS
Section 1.
Rates of Import Duty. The articles specifically listed in Annex A hereof, as classified under Section 1611 of RA No. 10863, shall be subject to the MFN rates of import duty in accordance with the schedule indicated opposite the article.
Section 2.
Levy on Articles. Upon the effectivity of this Order, all articles specifically listed in Annex A hereof, which are entered into or withdrawn from warehouses in the Philippines for consumption, shall be levied the MFN rates of duty as prescribed therein.
Section 3.
Review. As may be necessary and/or as may be directed by the President, the comprehensive and/or specific MFN tariff rates listed in Annex A hereof shall be subject to periodic review: Provided that, the MFN tariff rates for rice, listed in Annex A hereof, shall be subject to review every four (4) months from the effectivity of this Order.
The NEDA shall submit to the President, through the Office of the Executive Secretary, its findings and recommendations on the matter.
Section 4.
Separability. If any section or part of this Order is declared unconstitutional or invalid, the other sections or provisions not otherwise affected shall remain in full force and effect. 1aшphi1
Section 5.
Repeal. All orders, rules, regulations, and issuances or parts thereof, which are inconsistent with this Order, are hereby repealed or modified accordingly.
Section 6.
Effectivity. Pursuant to Section 1608 of RA No. 10863, this Order shall take effect thirty (30) days after its complete publication in the Official Gazette or in a newspaper of general circulation: Provided that, the tariff rates on rice shall take effect fifteen (15) days after publication in the Official Gazette or in a newspaper of general circulation, consistent with Section 7(a) of RA No. 8178, as amended.
DONE, in the City of Manila, this 20th day of June, in the year of our Lord, Two Thousand and Twenty-Four.
(SGD.) FERDINAND R. MARCOS, JR .
By the President:
(SGD.) LUCAS P. BERSAMIN Executive Secretary