Tariff Laws 01 Flashcards
It serve as key adviser to the executive and legislative branches of government on tariff related matters, an independent adjudicatory body on trade remedy cases, and an advocate of industry competitiveness and consumer welfare.
Tariff Commission
What RA created the Tariff Commission in 1953.
RA 911
Who will appoint the officials of Tariff Commission per Sec. 1600 of the CMTA.
President of the Philippines.
What consists the officials of the TC?
A chairperson and (2) commissioners.
Who shall appoint all employees of the Tariff Commission per Sec. 1601?
Chairperson
Exception under Sec. 1601?
A chairperson cannot appoint private secretaries to itself, commissioners, and executive directors.
Function of the TC as per Sec. 1100 of the CMTA.
Issue advance rulings on tariff classification.
How many days shall the Tariff Commission render ruling on tariff classification matters, when the importer or exporter file a written application of advance ruling? Per Sec. 1100
30 days
To whom shall the TC submit its annual and technical reports, per Sec. 1604?
a. President
b. Congress (Senate and House of Representative)
When shall the TC send its annual report?
1st Monday of December of each year.
Refers to the power of the President of the Philippines, per Sec. 1608.
Flexible clause.
Under Sec. 1608, the President has the power to increase tariff rates, how much is the threshold of such increment, subject to the approval of NEDA.
not higher than 100% Ad Valorem
Within how many days shall TC submit its finding to NEDA regarding public hearing after its termination?
30 days