Title
Supreme Court
LTO Stock and Sales Reporting Guidelines
Law
Lto Memorandum Circular No. 652-2005
Decision Date
Oct 10, 2005
LTO Memorandum Circular No. 652-2005 establishes strict guidelines for stock and sales reporting by accredited MAIDRS clients to ensure the integrity of transactions with the Land Transportation Office, prohibiting manual processing and requiring centralized verification of documents.

Law Summary

Verification Procedures for BOC Certificate of Payment

  • Verification of the original BOC-CP is centralized and accessed online by Regional Offices via email
  • This measure ensures authenticity and serves as a safeguard against fraud

Sales Reporting Requirements and Procedures

  • Sales reports are to be submitted exclusively to the Regional Offices where dealers are accredited
  • Sales reports related to manually processed CSR are confirmed by the offices that issued those CSR
  • Dealers cannot submit sales reports to Regions where they are not accredited
  • Those accredited by the Central Office must file sales reports to NCR if their establishment is located within NCR, or to the Regional Office where the accreditation originated
  • Manual processing of sales reports is strictly prohibited to maintain data integrity

Exemption and Registration of Imported Motor Vehicles

  • Initial registration of imported motor vehicles must occur in the district office nearest the Regional Office corresponding to the vehicle's port of entry
  • Exceptions include the Diliman District Office in NCR and the Subic Extension Office in Region 3
  • Previous conflicting orders, circulars, and regulations are superseded by these guidelines

Objectives and Legal Framework

  • The guidelines are established to:
    • Safeguard the integrity of the LTO system
    • Ensure that only accredited MAIDRS clients transact with the LTO
    • Monitor transactions of accredited clients effectively
  • The memorandum circular implements rules consistent with earlier memoranda concerning importation and registration procedures

Compliance and Enforcement

  • Adherence to the guidelines is mandatory for all concerned parties
  • The memorandum circular repeals earlier conflicting rules and forms the current basis for stock and sales reporting
  • The Assistant Secretary of the LTO promulgated the circular for strict compliance and guidance

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