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RA 11698 (Vintage Vehicle Regulation Act) Section 8

RA 11698 (Vintage Vehicle Regulation Act) Section 8

Valuation for Tariffs, Import Duties and Other Taxes.

Section 8

SECTION 8. Valuation for Tariffs, Import Duties and Other Taxes. — The Bureau of Customs (BOC), for purposes of valuation for tariffs, import duties and other taxes of imported vintage vehicle, shall differentiate concours, RESTOMOD and for restoration vintage vehicle. Restoration mode and for restoration shall have a lower valuation against concours for the same make and model of vintage vehicle. For purposes of this section, for restoration vintage vehicle shall mean a vintage vehicle, whether containing the important parts such as engine, transmissions, chassis and body or just the body shell, which is for further modification or restoration in the Philippines.

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Other provisions in RA 11698 (Vintage Vehicle Regulation Act)

Compiled from an official source version. Later amendments or repeals may not be reflected; the official text prevails. · Read the official text ↗ · Data as of July 4, 2026

CitationRA 11698 (Vintage Vehicle Regulation Act) Section 8 (LawPlayer, data as of July 4, 2026)

Source: Supreme Court E-Library, Republic of the Philippines. Philippine laws are public documents (works of the government).

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