Isuzu Philippines is the latest automaker to announce moves surrounding the DTI’s provisionary safeguard duty. And similar to Toyota’s lead, they will be issuing refundable deposits effective March 1, 2021.
Affected by the safeguard duties are basically two Isuzu models: the D-Max (yes, the upcoming all-new one) as well as the mu-X. All other models such as the Traviz and trucks are exempted.
The mu-X and D-Max will be slapped with a P 78,400 and P 123,200 provisional duty, respectively. (both inclusive of VAT).
However, because the safeguard duty is provisional, customers may get these deposits back if the Tariff Commission rules in favor of the carmakers. This is unlike the move of Geely and GAC Motor which have decided to permanently increase prices.
Check the full FAQ below:
What is a Provisional Safeguard Duty?
The provisional safeguard duty is a tariff import duty imposed by the Bureau of Customs as per Custom Memorandum Order No. 6-2021 dated 01 February 2021 pursuant to the Administrative Order (DAO) No. 20-11 of the Department of Trade and Industry (DTI) on certain imported motor vehicles effective February 1, 2021.
What Isuzu models are affected?
Effective March 1, 2021, a deposit will be collected by our authorized Isuzu dealerships to cover the provisional safeguard duty upon purchase of the covered vehicle as shown below.
- mu-X
- D-MAX
- Traviz
- All Trucks
Effective March 1, 2021, a deposit will be collected by our authorized Isuzu dealerships to cover the provisional safeguard duty upon purchase of the covered vehicle as shown below.
- mu-X – P 70,000 per unit (P 78,400 inclusive of VAT)
- D-Max – P 110,000 per unit (P 123,200 inclusive of VAT)
The deposit will be collected during the down payment and an Acknowledgment Receipt will be issued by the dealer. This will be held in-trust for by the dealer until such time the government has finalized this provision.
Will the provisional duty rates be permanent?
Depending on the results of the investigation, if the Tariff Commission determines there is a basis to impose safeguard duty, DTI will determine the definitive duty rate to be imposed.
What happens to customer deposit?
In the event that the DTI will impose a definitive duty rate, the deposit will be treated as additional payment to the vehicle. Otherwise, the Dealer will be refunding the deposit to the customer depending on the final amount of Safeguard Duty.
In case of a refund, what will the customer do?
To claim the deposit, customer or an authorized representative should only come to the dealer and bring the following:
Depending on the results of the investigation, if the Tariff Commission determines there is a basis to impose safeguard duty, DTI will determine the definitive duty rate to be imposed.
What happens to customer deposit?
In the event that the DTI will impose a definitive duty rate, the deposit will be treated as additional payment to the vehicle. Otherwise, the Dealer will be refunding the deposit to the customer depending on the final amount of Safeguard Duty.
In case of a refund, what will the customer do?
To claim the deposit, customer or an authorized representative should only come to the dealer and bring the following:
If the customer is the one going
- Customer Original Acknowledgment Receipt
- One Government-issued ID of customer
- Original Acknowledgment Receipt
- One Government-issued ID of customer
- One Government-issued ID of representative
- Signed and dated authorization from customer
well this government again killed business; very arbitrary and anti-consumer move!
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