Full Title
MODIFYING THE RATES OF DUTY ON IMPORTED RAYON ARTICLES AS PROVIDED UNDER PRESIDENTIAL DECREE NO. 1464, AS AMENDED, OTHERWISE KNOWN AS THE TARIFF AND CUSTOMS CODE OF 1978
Executive Issuance Type
Executive Order
President
Marcos, Ferdinand E.
Date of Approval
July 9, 1985

Other Details

Issuance Category
Executive Issuance
Subjects
TARIFF AND CUSTOMS CODE
RAYON
Related to Note
PD No. 1464, Nos. 56.01 and 56.02
EO No. 926

Full Text of Issuance

Executive Order No. 1038, s. 1985

Signed on July 9, 1985

MALACAÑANG
MANILA

BY THE PRESIDENT OF THE PHILIPPINES

EXECUTIVE ORDER NO. 1038

MODIFYING THE RATES OF DUTY ON IMPORTED RAYON ARTICLES AS PROVIDED UNDER PRESIDENTIAL DECREE NO. 1464, AS AMENDED, OTHERWISE KNOWN AS THE TARIFF AND CUSTOMS CODE OF 1978

WHEREAS, Executive Order No. 926 provided that effective January 1, 1985, the tariff duty for regenerated fibres (including rayon) shall be increased to 20%;

WHEREAS, there has been a delay in the implementation of the rayon project and local textile mills have to import raw materials for, their requirements;

WHEREAS, there is a need to maintain the 1984 tariff rate of 10% for rayon to enable the textile industry to be competitive in the world market;

NOW, THEREFORE, I, FERDINAND E. MARCOS, President of the Republic of the Philippines, by virtue of the powers vested in me by the Constitution, and Section 401 of the Tariff and Customs Code, as amended, do hereby order and direct:

SECTION 1. The rate of import duty under heading Nos. 56.01 and 56.02 of the Code are hereby amended to read as follows:

Tariff Heading No.

Description of Articles

 Rate of duty effective with respect to articles entered on or after
   

July 1 :

 January 1 . . . . .
   

1985 :

 1986 1987 1988
56.01 Man-made fibres (discontinuous) not carded, combed or otherwise prepared for spinning:

:

:

:

:

      
  500 Regenerated fibres (including rayon), ad val.

10% :
:

 10% 10% 20%
56.02 Continuous filament tow for the manufacture of man-made fibres (discontinuous)

:

:

:

      
  500 of regenerated fibres (including rayon)

10% :

:

 10% 10% 20%

SEC. 2. This Executive Order shall take effect immediately.

DONE in the City of Manila, this 9th day of July, in the year of Our Lord, nineteen hundred and eighty-five.

(Sgd.) FERDINAND E. MARCOS
President of the Philippines

By the President:

(Sgd.) JUAN C. TUVERA
Presidential Executive Assistant

Source: Malacañang Records Office

Office of the President of the Philippines. (1985). [Executive Order Nos. : 1030-1093]. Manila : Malacañang Records Office.