EV sector notes misclassification

- Advertisement -

The Electric Vehicle Association of the Philippines (EVAP) seeks to fully enjoy the perks available to the  industry through the proper implementation of the EV Industry Development Act (EVIDA).

Ralph Legaspi, EVAP vice president, recently called on Bureau of Customs (BOC) assistant commissioner  Jet Maronilla where they addressed  key issues related to the importation of EVs and components, tariff incentives, and the streamlined processing of EV-related shipments.

Rommel Juan, EVAP chairman, said EVIDA members have reported misclassification of imports when shipments are released by brokers from the ports.

- Advertisement -spot_img

“Sometimes the parts are classified as electronics instead of EV (parts). When this happens, the duty-free incentives are not applied. So we need to classify the imports properly. But with experience,  brokers are now learning the proper classification,” Juan said in a text message.

The EVIDA law provides a range of fiscal incentives for the import of EV components as part of the goal to increase  adoption of EVs.

“The BOC plays a crucial role in ensuring  the benefits and incentives provided by the EVIDA law are fully realized by the industry,” said Legaspi who expressed EVAP’s commitment to work closely with the BOC in addressing any challenges and to ensure the smooth and efficient importation of electric vehicles and components.

Author

Share post: