MEMORANDUM CIRCULAR NO. 59 - CREATING A COMMITTEE TO STUDY AND RESOLVE PROBLEMS IN IMPORTATION OF CARS AS WELL AS DETERMINE THE ADVISABILITY OF RECOMMENDING THE REPEAL OF BATAS PAMBANSA BLG. 73, AS AMENDED

To come up with a uniform and acceptable policy on the importation and release of gasoline-powered cars, especially those exceeding the kerbweight and/or engine displacement limits prescribed under Batas Pambansa Blg. 73, as amended, including the documentation requirements attendant thereto, there is hereby created an Inter-Agency Committee to be composed of the representatives of the following government offices/agencies:

1. Office of the Assistant Executive — Chairman
Secretary for Legal Affairs
Office of the President

2. Central Bank of the Philippines — Member

3. Board of Investments — Member

4. Bureau of Customs — Member

1. To review current laws, rules and other issuances on the importation and release of passenger
cars as well as the documentation requirements thereof.  

2. To identify problems attendant to such importation and release.

3. To formulate a uniform set of strategies, policies and measures to address these problems.

4. To determine the advisability of recommending the repeal or amendment of BP Blg. 73.

Since 19.07.98.