More imported used cars arrive at Cagayan freeport
>> Wednesday, February 5, 2014
BAYOMBONG, Nueva Vizcaya - – More than 200
imported used cars arrived at the freeport of the Cagayan Economic Zone
Authority (CEZA) on Monday, the third shipment to arrive at the port since a
local court allowed the resumption of importation of second-hand motor vehicles
last November.
Jaime Vicente of Feniz
International Inc., one of the major used car importers at CEZA, said the
latest shipment, which arrived at Port Irene in Santa Ana, Cagayan on Monday,
consisted of 234 units, 90 percent of which were Hyundai Starex vans.
“The rest of the units
are trucks, buses, sport utility vehicles and sedans,” said Vicente, president
of the Automotive Rebuilders Industry of Cagayan, the umbrella organization of
accredited used car importers in the economic zone.
Monday’s shipment was
the third at Port Irene since last December when the Cagayan court ruled as
“impliedly repealed” former President Arroyo’s Executive Order (EO) 156 that
banned the importation of used vehicles.
In his decision, Aparri
Judge Neljoe Cortez said Arroyo’s EO 418, which modified the tariff
nomenclature and rates of import duty on used motor vehicles, superseded EO
156.
Cortez said EO 418,
which was issued on April 4, 2005, “rendered inoperative the ban on used motor
vehicles” as contained in EO 156 issued on Dec. 12, 2002.
The first used car
shipment, consisting of 347 units, entered Port Irene last Dec. 14. This was
followed last Jan. 3 with 266 units. Most of the units, Fenix said, were
“low-end” ones.
The Bureau of Customs
recently named Fenix as 28th among the country’s top-revenue paying car
importers.
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