Philippines #5937 (v.1)

Base data

Notified in
Version validity
01/10/2014 - 02/07/2022
Old version v.1
Reporting member
Philippines
In force from
End date
In force
General description
Cross-border transfer of legal tender exceeding PHP50,000.00
National legal basis
BSP Circular No. 922, which is incorporated in Section 4.1 of the FX Manual, as amended

(Date of effectivity: 15 September 2016)
Administrative mechanism
In force
(Refer to PHL ILP N3 Notification G/LIC/N/3/PHL/13 dated 16 September 2020)
Responsible entities
HS version
HS 2017
Referenced WTO document symbol
G/LIC/N/3/PHL/13

Meta data

WTO justifications

XX:(d) - (d) necessary to secure compliance with laws or regulations which are not inconsistent with the provisions of this Agreement, including those relating to customs enforcement, the enforcement

GATT 1994 (GATT 1947 provisions)

Reported as: GATT XX (General Exceptions) - (d) necessary to secure compliance with laws or regulations which are not inconsistent with the provisions of this Agreement, including those relating to customs enforcement, the enforcement of monopolies operated under paragraph 4 of Article II and Article XVII, the protection of patents, trade marks and copyrights, and the prevention of deceptive practices; For control of liquidity and overall monetary conditions
Non-WTO commitments
Affected partners
Non-affected partners

Measures

Reported restrictions
P-X
Symbol
P-X

Tariff lines

Various
Legal tender exceeding PHP50,000.00
490700
4907.00.10ex
Legal tender exceeding PHP50,000.00
710820
7108.20ex
Legal tender exceeding PHP50,000.00
711890
7118.90ex
Legal tender exceeding PHP50,000.00