Law Summary
Basis of the Seven-Day Period for Vehicle Registration
- The seven-day period for initial registration of a motor vehicle starts on the date of the Vehicle Sales Invoice.
- This provides a clear reference point to ensure timely compliance.
Penalties for Late Registration
- A 50% penalty on the registration fee applies only if the application for registration and the requisite supporting documents are submitted after the seven-day period from the Sales Invoice date.
- Encourages prompt registration while providing a specific penalty framework for delays.
Transmittal Form Requirements
- Accredited dealers must ensure that all transmittal forms submitted for vehicle registration bear a stamped date of receipt.
- This measure facilitates accurate recording and validation of the registration application date.
- A template of the transmittal form is attached for standardization purposes.
Effectivity and Supersession
- The memorandum circular takes effect immediately upon issuance.
- All prior issuances or regulations that conflict with this memorandum circular are considered superseded.
Administrative Oversight
- Responsibility for strict compliance is underscored by the Assistant Secretary, indicating the importance of adherence to the outlined provisions.
Location of Reference Materials
- The template and details are available at the Office of the National Administrative Register, U.P. Law Complex, Quezon City, for reference and compliance guidance.