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- Previous conflicting orders, circulars, and regulations are superseded by these guidelines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