CBUS

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                    [ArticleID] => 195471
                    [Title] => BOC sets lower duty on cars made in ecozones
                    [Summary] => Motor vehicles assembled inside ecozones and sold locally will be levied a duty of only three to seven percent, according to a new Customs administrative order (CAO) issued by Customs Commissioner Antonio M. Bernardo.


Bernardo issued CAO 1-2003 to clarify the tax status of completely built-up (CBU) units assembled from imported completely knocked down (CKD) units by participants of the Motor Vehicle Development Program (MVDP) located inside ecozones.


                    [DatePublished] => 2003-02-15 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 
                    [AuthorName] => 
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
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            [1] => Array
                (
                    [ArticleID] => 175292
                    [Title] => Car firms want MFN rate for CBUs pegged at 30%-50%
                    [Summary] => The local automotive industry is asking the government to peg the country’s most favored nation (MFN) tariff rate for completely built-up units (CBUs) at 30 percent to 50 percent compared to five percent for CBU imports from ASEAN member countries.


The MFN rates would apply to CBU imports outside of ASEAN.


Since the Philippines had never agreed to bind its automotive tariffs when it joined the World Trade Organization (WTO), the local automotive sector is now seeking an even higher tariff wall for CBU imports from countries outside of ASEAN.


                    [DatePublished] => 2002-09-09 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1097285
                    [AuthorName] =>  Marianne  V.  Go
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [2] => Array
                (
                    [ArticleID] => 140385
                    [Title] => Government urged to go slow on CBU tariff cuts
                    [Summary] => The head of Japan’s  number one car company has cautioned the Philippines to go slow on its plan to reduce tariffs on completely built-up (CBU) car units as part of its trade liberalization policy.


Motomobu Takemoto, president of Toyota Motor Asia Pacific Pte. Ltd. said "such liberalization efforts is doing more harm than good."


                    [DatePublished] => 2001-11-17 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1097285
                    [AuthorName] =>  Marianne  V.  Go
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

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abtest

BOC sets lower duty on cars made in ecozones

February 15, 2003 - 12:00am

Motor vehicles assembled inside ecozones and sold locally will be levied a duty of only three to seven percent, according to a new Customs administrative order (CAO) issued by Customs Commissioner Antonio M. Bernardo. Bernardo...

Business

Car firms want MFN rate for CBUs pegged at 30%-50%

By Marianne V. Go | September 9, 2002 - 12:00am

The local automotive industry is asking the government to peg the country’s most favored nation (MFN) tariff rate for completely built-up units (CBUs) at 30 percent to 50 percent compared to five percent for...

Business

Government urged to go slow on CBU tariff cuts

By Marianne V. Go | November 17, 2001 - 12:00am

The head of Japan’s number one car company has cautioned the Philippines to go slow on its plan to reduce tariffs on completely built-up (CBU) car units as part of its trade liberalization policy. Motomobu...

Business