Philippines is the 46th largest economy in the world, with an estimated 2010 gross domestic product (nominal) of $189 billion. Primary exports include semiconductors and electronic products, transport equipment, garments, copper products, petroleum products, coconut oil, and fruits. Major trading partners include the United States, Japan, China, Singapore, South Korea, the Netherlands, Hong Kong, Germany, Taiwan, and Thailand.
Automobiles Industry began in Philippines with the introduction of American-made cars during the 1950s and 60s. But during the 1973 oil crisis, declaration of Martial Law by Marcos, some vehicle manufacturers withdrew from the Philippine market; some of them, however, returned after Marcos was ousted in 1986. During the early 1990s, many car makes returned to Philippines, but during the Asian crisis, some makers withdrew due to the economic slump. But love for cars has increased since with new models coming in.
Philippines is one of the major importers of used cars mostly from Japan and Korea, hundreds of vehicles enter Port Irene every month. Some of the most popular cars in Philippines are Honda City, Honda Civic, Mitsubishi Adventure, Mitsubishi Freeca, Mitsubishi L300, Toyota Corolla, Toyota Corolla Altis, Toyota Innova, Toyota Vios.
Who are eligible to Import Used cars in Philippines?
1. Only returning Filipino residents and foreign embassy diplomats are allowed to import motor vehicles “Duty Free”
2. Holders of 13A Visa: Foreigners married to Filipino citizens can import with payable taxes.
3. Holders of 13B Visa: former Filipino citizens can import with payable taxes.
4. Those who have worked or are working and residing abroad for at least one year are allowed to import their personal used cars into the country.
Which vehicles are eligible to be imported in to Philippines?
1. Only left-hand drive vehicles.
2. Vehicles that match Philippine safety and emission standards.
3. All motor vehicles must have an Import Authority Permit issued by the Philippine Bureau of Import Service before the vehicle is shipped.
4. Owner must have lived abroad for at least one year and car must have been registered in his name at least six months if the car is more than three years old, vehicles more than three years old should be registered under shippers name at least one year prior to application of the Import Permit
5. All vehicles subject to taxes and duties.
6. Gasoline-fueled cars limited to 2,800 cc not over 1,500 kgs.
7. Automobile must arrive within 60 days of customer’s arrival.
8. Destination Agent must be contacted prior to shipping any vehicles.
9. Only one vehicle allowed per family.
Documents required for custom clearance:
1. Original Registration and proof of ownership
2. Import Permit from Department of Trade or Bureau of Import
3. Surety Bond
4. Original Bill of Sale
5. Original Passport
6. Certificate of arrival
7. Stencils of chassis/engine number
8. Deed of Sale or Commercial Invoice
9. Other documents, depending on customer’s immigration status
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