CAMPI lauds SC decision declaring imported used vehicles
The Chamber of Automotive Manufacturers of the Philippines, Inc. (CAMPI) has applauded the landmark decision by the Supreme Court declaring with finality that importation of used motor vehicles is illegal.
In a statement, CAMPI president Elizabeth H. Lee said concerned agencies such as the Bureau of Customs (BOC), Land Transportation Office (LTO), Subic Bay Metropolitan Authority (SBMA), and the Department of Trade and Industry (DTI)/Board of Investments (BOI) need to strictly enforce the ban.
"We are confident that the respective agencies will support the President's clear objective by strictly enforcing the ban," Lee said.
CAMPI stressed the SC's resolution further strengthens and supports the Executive Department's resolve to further promote a healthier business and investment climate so as not to prejudice the large investments already made by investors in the country.
This gives a strong and positive signal at an opportune time given some current uncertainties in the investment community, Lee added.
In an en banc resolution dated 22 August 2006, the SC declared with finality that "used motor vehicles imported via the presently secured fenced-in former Subic Naval Base area cannot further be imported into the other parts of the Philippine territory".
The same en banc resolution reaffirmed the unanimous decision of the SC last February 20 upholding the validity and constitutionality of the prohibition on imported used vehicles under Executive Order 156 and which also sustained the power of the President to prohibit such importation. (PNA)
In a statement, CAMPI president Elizabeth H. Lee said concerned agencies such as the Bureau of Customs (BOC), Land Transportation Office (LTO), Subic Bay Metropolitan Authority (SBMA), and the Department of Trade and Industry (DTI)/Board of Investments (BOI) need to strictly enforce the ban.
"We are confident that the respective agencies will support the President's clear objective by strictly enforcing the ban," Lee said.
CAMPI stressed the SC's resolution further strengthens and supports the Executive Department's resolve to further promote a healthier business and investment climate so as not to prejudice the large investments already made by investors in the country.
This gives a strong and positive signal at an opportune time given some current uncertainties in the investment community, Lee added.
In an en banc resolution dated 22 August 2006, the SC declared with finality that "used motor vehicles imported via the presently secured fenced-in former Subic Naval Base area cannot further be imported into the other parts of the Philippine territory".
The same en banc resolution reaffirmed the unanimous decision of the SC last February 20 upholding the validity and constitutionality of the prohibition on imported used vehicles under Executive Order 156 and which also sustained the power of the President to prohibit such importation. (PNA)
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7:28 PM
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