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                    [ArticleID] => 132366
                    [Title] => Zero tariff OK’d for equipment, raw materials
                    [Summary] => The Department of Finance (DoF) has agreed in principle for a zero tariff rate on imported capital equipment and raw materials not locally available. However, the DoF still wants to review the matter of raw materials especially on the question of substitution.


To make up, though, for the corresponding revenue loss, the government will impose a one percent service fee.


The DoF decision is in response to the request of local industries to lower tariff rates on industry imports.


                    [DatePublished] => 2001-09-03 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1805266
                    [AuthorName] => Marianne V. Go
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
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FINANCE SECRETARY ISIDRO CAMACHO AND UNDERSECRETARY CORNELIO GISON

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                    [ArticleID] => 132366
                    [Title] => Zero tariff OK’d for equipment, raw materials
                    [Summary] => The Department of Finance (DoF) has agreed in principle for a zero tariff rate on imported capital equipment and raw materials not locally available. However, the DoF still wants to review the matter of raw materials especially on the question of substitution.


To make up, though, for the corresponding revenue loss, the government will impose a one percent service fee.


The DoF decision is in response to the request of local industries to lower tariff rates on industry imports.


                    [DatePublished] => 2001-09-03 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1805266
                    [AuthorName] => Marianne V. Go
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
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abtest

Zero tariff OK’d for equipment, raw materials

By Marianne V. Go | September 3, 2001 - 12:00am

The Department of Finance (DoF) has agreed in principle for a zero tariff rate on imported capital equipment and raw materials not locally available. However, the DoF still wants to review the matter of raw materials...

Business