QuestionsQuestions (LTO MEMORANDUM CIRCULAR NO. 643-2005)
It clarifies and establishes uniformity in the LTO’s system of stock reporting by defining the issuance of the Certificate of Stock Reported (CSR) and the prooflist, and it states that either CSR or prooflist is a requirement for motor vehicle registration.
CSR stands for Certificate of Stock Reported, issued as part of the stock reporting system for manufacturers, assemblers, importers, and later used in vehicle registration requirements.
The circular provides that issuance of prooflists to accredited dealers for local purchase is allowed to facilitate transfer of stocks from the manufacturer, assembler, or importer to the accredited dealer.
It is allowed when an accredited dealer purchases locally, for the transfer of stocks from the manufacturer, assembler, or importer to the accredited dealer.
The circular states that CSR or the prooflist, as the case may be, is one of the requirements in the registration of a motor vehicle.
Only one—either CSR or prooflist depending on the applicable case—is required for registration.
It mandates uniformity by clarifying when CSR or prooflist should be issued and by specifying that CSR/prooflist is a registration requirement.
It directs that CSR or prooflist—whichever is applicable—must be submitted/used as one of the requirements when registering a motor vehicle.
The circular mentions one (1) unit of engine or chassis or motor vehicle as the basis for the one-time issuance of CSR.
It is adopted on 02 August 2005 and signed by (SGD.) Anneli R. Lontoc, Assistant Secretary.
Because the circular states that CSR is issued to accredited manufacturers, assemblers, and importers, while prooflists are issued to accredited dealers for local purchases/transfer of stocks.
Because CSR/prooflist is one of the requirements for registration, failure to present the appropriate document could result in denial or delay of registration until compliance is satisfied.