(NAR) VOL. III NO. 1 / JANUARY - MARCH 1992
Paragraph three (3) of Memorandum Circular No. MC-91-143 dated 20 November 1991 should read as follows:
To correct this compartmentalized policy it is hereby directed that all postal money order paid as deposit for all classes of motor vehicles will carry a validity period of
three (3) months reckoned from the date it was filed. A penalty of fifty percent (50%) surcharge shall be collected for all motor vehicles paid after the expiration of the validity period.
This memorandum circular shall take effect immediately.
Adopted: 8 Jan. 1992
(SGD.) JUAN V. BORRA, JR.
Assistant Secretary
[*] See II NAR 4, p. 722 for text.