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Executive Order No. 72 (1999)
under paragraphs b(ii) and b(iv) of Section 9 of the MOU, the waiver period shall be extended beyond the first four years for as long as the non-participating countries do not wish to grant the MOP up to a maximum waiver period of eight years. After the maximum eight-year waiver period, any entity in any member country, whether the member country is participating in the specific BBC Scheme or not, which produces the BBC product shall enjoy the same MOP in the participating countries for the BBC
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 a minimum 50% MOP as specified in Column 12 thereof. In effect, said articles shall be subject to the BBC Preferential Tariff in accordance with the schedule indicated opposite each article as specified in Columns 13, 14, 15, 16, 17 and 18 of Annex —A—.
Section 2. The MOP provided in —Annex A— on Steering (pump assy oil, gear assy power STRG and end assy tierod) for Model (KZ) Light Commercial Vehicle for the transport of goods shall be accorded exclusively to the BBC entity in Malaysia (Perusahaan Otomobil Nasional Sdn. Bhd. (PROTON) effective from May 1, 1997 up to June 30, 2001. Thereafter, the same MOP may be granted to a non-participating ASEAN country as soon as that country extends the same MOP itself until December 31, 2002. Effective January 1, 2003, the final CEPT rate shall apply.
Section 3. The MOP provided in Annex —A— on Engine (case oil seal, rod assy connecting, cam shaft, pump assy water, case assy oil pump, cover rocker, bolt cylinder head, bolt crank pulley and gasket rocker cover) for Model (KZ) light commercial vehicle for the transport of goods shall be accorded exclusively to the BBC entity in Thailand (MMC Sittipol Co., Ltd (MSC) effective from January 1, 1998 up to December 31, 2002. Effective January 1, 2003, the final CEPT rate shall apply.
Section 4. The 50% MOP accorded under this Executive Order shall remain effective until December 31, 2002 regardless of any subsequent changes in the basic Philippine rate of duty on the aforementioned articles.
Section 5. Upon the effectivity of this Executive Order, the articles specifically listed in the aforesaid Annex —A— which are entered or withdrawn from warehouses in the Philippines for consumption shall pay the applicable BBC Preferential Tariff specified under Section 1 hereof, subject to qualification under the Rules of Origin as prescribed in the Agreement on ASEAN Preferential Trading Arrangements, as amended.
Section 6. Any revision/s to the part numbers appearing in Column 4 of Annex —A— shall be communicated immediately to the Bureau of Customs by the Department of Trade and Industry within five (5) days after receipt of the official copy of the revised part numbers from the ASEAN Secretariat.
Section 7. This Executive Order shall take effect immediately.
Done in the City of Manila, this 15th —day of January in the year of Our Lord, Nineteen Hundred and Ninety Nine.
(SGD.) JOSEPH EJERCITO ESTRADA President of the Philippines
By the President:
(SGD.)— RONALDO B. ZAMORA
Executive Secretary