Title
Guidelines on Vehicle Importation in Freeport Zones
Law
Boc Memorandum
Decision Date
Apr 3, 1995
The BOC Memorandum establishes regulations for the importation and registration of motor vehicles by investors in freeport and special economic zones, requiring Import Permits, clearance certificates, and coordination with the Land Transportation Office to ensure compliance and monitoring.

Q&A (BOC MEMORANDUM)

The purpose is to provide control measures in the importation and registration of motor vehicles of investors at the freeport/special economic zones.

Utilization of the motor vehicles shall be limited to the secure area only pending further regulations.

District Collectors assigned at the Zones shall process the import entry declarations, examinations, and assessments.

The LTO must place the notation: 'Tax Exempt under RA 7227: Subject to Payment of Customs Duties and Taxes upon Transfer.'

The Zone authorities shall coordinate with the LTO for the issuance of distinctive plates and the affixing of appropriate markings on the motor vehicles to indicate compliance with RA 7227.

The motor vehicles are subject to payment of customs duties and taxes upon transfer.

District Collectors must submit a monthly report of motor vehicles processed at their respective jurisdictions.

The order took effect immediately upon adoption on April 3, 1995.


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