DTI safeguards: Carmakers announce removal and refund of security deposits

Here’s a compilation of all the official advisories
by TopGear.com.ph | Aug 16, 2021
PHOTO: Shutterstock

Carmakers will soon start returning security deposits in light of the Department of Trade Industry’s (DTI) decision to remove the safeguard duties on imported vehicles.

In addition to Toyota Motor Philippines’ and Nissan Philippines’ recent announcements, other manufacturers have also released their respective advisories on the return of all bonds collected over the past few months.

We’ve taken the announcements from Mitsubishi Motors Philippines (MMPC), Honda Cars Philippines (HCPI), Suzuki Philippines (SPH), and Isuzu Philippines Corporation (IPC) and compiled them here below. We’ll update this story as soon as new advisories come in.

Mitsubishi Motors Philippines

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Honda Cars Philippines

Suzuki Philippines

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Isuzu Philippines Corporation

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PHOTO: Shutterstock
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