(NAR) VOL. 23 NO. 1, JANUARY - MARCH 2012)
- Applications for extension of validity may be filed one (1) year prior to the date of expiration of the CPC;
- CPCs which expired within One (1) year after the date of the expiration shall be accepted for filing, subject to the following terms and conditions:
2.1 Applications shall cover PUJ services only; 2.2 A motion to allow and/or accept late filing of applications for extension of validity shall first be filed, accepted and acted upon by the Board after payment of the required filing fee; 2.3 Regular penalty of FIVE THOUSAND PESOS (PhP5,000.00) per unit; 2.4 In addition to the regular penalty, a penalty for late filing in the amount of FIVE HUNDRED PESOS (PhP500.00) per unit and per month shall be imposed. - Applications approved under this category shall not be allowed to file application for sale and transfer and/or dropping and substitution of unit/s within the initial period of five (5) years except in the following cases:
3.1 When the purpose of the dropping and substitution is in conformity with the modernization standards of the DOTC and this Board; 3.2 When the unit authorized was carnapped/stolen, provided that a Police Report or Certificate of Non-Recovery shall be presented; 3.3 When the unit authorized suffered an accident resulting to destructive loss (total wreck), and rendering the said unit unserviceable provided that a Police Report shall be presented and that such accident was previously reported to the Board as required.
(SGD.) JAIME D. JACOB | |
Chairman | |
(SGD.) ENGR. SAMUEL JULIUS B. GARCIA | (SGD.) MANUEL M. IWAY |
Board Member | Board Member |
Attested by: | |
(SGD.) FRANCISCO M. MENDOZA | |
Executive Director |