Philippines #5937 (v.2)

Base data

Notified in
Version validity
02/07/2022 - 01/10/2024
Old version v.2
Reporting member
Philippines
In force from
End date
In force
General description
Cross-border transfer of legal tender exceeding PHP 50,000.00
National legal basis
Section 4.1 of the Manual of Regulations on Foreign Exchange Transactions, as amended

(Date of effectivity of the latest amendment [Circular No. 1146]: 2 July 2022
Administrative mechanism
In force
Refer to PHL ILP N3 Notification G/LIC/N/3/PHL/14/Rev.1 dated 20 December 2021)
Responsible entities
HS version
HS 2022
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, trademarks 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

00
Various
Legal tender exceeding PHP50,000.00
490700
Various, including 4907.00ex
Legal tender exceeding PHP50,000.00
710820
Various, including 7108.20
Legal tender exceeding PHP50,000.00
711890
Various, including 7118.90ex
Legal tender exceeding PHP50,000.00