LTO stocks and sales reporting procedure

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LTO MEMORANDUM: LTO stocks and sales reporting procedure

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Title Supreme Court: LTO stocks and sales reporting procedure

Law: Lto Memorandum

Decision Date: Jun 3, 2005

Effective June 6, 2005, the LTO mandates that all stocks and sales reporting for accredited motor vehicle importers and clients in Manila will be centralized at the National Capital Region's CO-Registration Section, ensuring a streamlined two-day processing time for Certificate of Stock Reports and sales reports.

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Handling of Special Reporting

Special reporting requirements as specified in Memorandum Circular No. 542-2004 will be processed exclusively at the National Capital Region.

Processing of Sales Reporting

All sales reports linked to the stock reports submitted to the CO-Registration Section are to be processed at the National Capital Region.

Processing Timeframe

The anticipated processing time for the issuance of the Certificate of Stock Reports (CSR) is two (2) days.
Likewise, the processing of sales reports will also require two (2) days.

Purpose and Cooperation

The new system aims to facilitate and streamline the processing of stocks and sales reports.
The memorandum enjoins the cooperation of concerned parties to adhere to the revised procedure for efficient implementation.

Application Scope

The guidelines apply to:
- Members of CAMPI, TMA, MDPPA
- LTO accredited importers of motor vehicles and components with ports of entry in Manila
- Other MAIDs clients accredited by LTO NCR and Central Office

Legal Authority

The memorandum was issued by the Officer-in-charge, LTO, Bella G. Bermundo, on June 3, 2005, providing official endorsement for the system implementation.

END