Executive Order 617

**pakupakupaku** · October 16th, 2007 03:38 AM

Lucky kids in the future. err Unlucky me, Im a parent

**niky** · October 16th, 2007 01:13 PM

I think there was some controversy in this, in that someone tried to insert a section in the Annex allowing used CBUs. (sneaky sneaky...

).

In the end, if that supposed inclusion is passed (I really don't know what's happening to it now)... all of us current car owners will suffer... as it'll allow secondhand cars in at ridiculously low prices.

**numbah5** · October 16th, 2007 01:37 PM

they are currently revising Annex A of the EO. supposedly to remove used CBUs from the exemption. and what i've heard, is that new vehicle prices, CKD or CBU, will go down once this is in effect. i can see that a brand new toyota prado can be bought at PHP 2.3M, or a BMW X5 at almost PHP 3M, or the Hyundai Grand Starex Gold from the introductory price of PHP 1.7M to PHP 1.4M!! what makes vehicles expensive, especially european vehicles, is the excessive taxes that our government has imposed. for example, the price of the Nissan Patrol started at PHP 1.6M. when the gov't imposed excise taxes for SUVs and Vans, the Patrol's prices shot up to PHP 2.3-2.4M!!

**russpogi** · October 17th, 2007 07:13 AM

Originally Posted by Camgen6

Completely Build Units

Completely Knock Down

tama ba? just a wild guess on the second one.

Tama sir! Pero I think it's supposed to be:

Completely Built Up Units
Completely Knocked Down

But then, everyone gets the point!

**mazdamazda** · October 17th, 2007 12:37 PM

Originally Posted by numbah5

they are currently revising Annex A of the EO. supposedly to remove used CBUs from the exemption. and what i've heard, is that new vehicle prices, CKD or CBU, will go down once this is in effect. i can see that a brand new toyota prado can be bought at PHP 2.3M, or a BMW X5 at almost PHP 3M, or the Hyundai Grand Starex Gold from the introductory price of PHP 1.7M to PHP 1.4M!! what makes vehicles expensive, especially european vehicles, is the excessive taxes that our government has imposed. for example, the price of the Nissan Patrol started at PHP 1.6M. when the gov't imposed excise taxes for SUVs and Vans, the Patrol's prices shot up to PHP 2.3-2.4M!!

I don't think that the price drop will be that drastic.

AFAIK - tariffs for ASEAN made CBU vehicles is less than 3% of its base price.

Plus:
X5 is from Germany, won't be covered by EO617
Prado is from China, won't be covered by EO617
Patrol is from Japan (?), won't be covered by EO617

The excise tax is based on the retail price of the vehicle (not just SUV & Vans). The higher the sticker price, the bigger the tax (unlike before where it was based on the number of seats & displacement).