Isuzu PH announces additional deposit due to safeguard duty tariff

Updated Feb 26, 2021 | Same topic: Automotive Industry Updates

Isuzu to implement a price increase effective March 1.

For those intending to purchase an Isuzu model in the near future, be aware that Isuzu Philippines announced that the provisional safeguard duty tariff will now be imposed on its imported models. This is in line with the Department of Trade and Industry’s (DTI) DAO No. 20-11.

A picture of the Isuzu mu-X in the wilderness

One of the affected models is the Isuzu mu-X

>>> Related: What you need to know about DTI’s safeguard duty affecting car prices

This increase in price will take effect on Isuzu models on March 1, and affected models include the mu-X and the D-Max. Here’s a table for further details: 
 

Affected Model 
Provisional SG Duty Rate 
Deposit 
mu-X
Php 70,000 per unit 
Php 78,400 (inc. Of VAT) 
D-Max 
Php 110,000 per unit 
Php 123,200 (inc. Of VAT) 

The aforementioned deposit will be collected by authorized Isuzu dealerships in order to cover the provisional safeguard duty. This is on top of the model’s suggested retail price. Specifically, this deposit will be collected when the customer hands over the downpayment, and when the dealership issues the acknowledgment receipt.  

Is this provisional duty rate permanent? According to DTI, the existence of the tariff will depend on the investigation of the Tariff Commision. Currently, the said agency is looking into whether this safeguard duty is necessary or not. 

In case of a refund, the aforementioned deposit can still be collected. To do that, a customer or an authorized representative of the customer should provide the original acknowledgment receipt, and one government-issued I.D.

>>> Related: Toyota PH imposes safeguard tariffs on select models effective March 1 

A picture of the 2021 Isuzu D-Max going off road

This will also affect the prices of the third-generation D-Max that will be launched in March

In the case of a representative, he or she should bring along the original acknowledgment receipt, a government-issued ID of the customer, his/her own government ID, and a signed and dated authorization from the customer.  

For now, all commercial trucks like the N-series, the F-series, etc., are exempt from the provisional safeguard duty. The Isuzu Traviz is also exempted. 

For the latest automotive industry news, keep reading here on Philkotse.com

Know more about Isuzu mu-X 2021

Isuzu mu-X

<p>The Isuzu mu-X is a seven-seater midsize SUV with a front-engine, rear-wheel-drive or four-wheel-drive&nbsp;layout. It is based on the Isuzu D-Max, and like its pickup truck brother, it uses a body-on-frame chassis. For the Philippine market, the Isuzu-made SUV has two available engine options. The smaller one is a 1.9-liter RZ4E Bluepower turbodiesel capable of making up to 148 horsepower and 350 Nm of torque. It can come with a six-speed manual transmission, or a six-speed automatic transmission. The larger engine option for the mu-X is a 3.0-liter inline-4 turbodiesel. At most, this mill can produce up to 175 horsepower and 380 Nm of torque. Only a six-speed automatic transmission is available with this engine. The mu-X variants with this engine is either rear-wheel-drive or four-wheel-drive. For those unaware, this Isuzu model&#39;s name is an acronym which stands for&nbsp;Mysterious Utility eXtreme.&quot;</p> <p>&nbsp;</p>

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Cesar G.B. Miguel

Cesar G.B. Miguel

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Cesar is a graduate of AB English with previous experience working as a freelance writer for varied internet publications in-between his former stints in the Pharmaceutical Industry, and later as a First Aid Provider and Training Staff at the Iligan City Disaster Risk Reduction and Management Office.

Since childhood, Cesar has been keenly interested in cars. He has learned the ins and outs of these marvelous vehicles and is a competent amateur mechanic who is keen on sharing his knowledge.

Cesar is perceptive of car culture in general – not only in the Philippines but in global regard, as well. His knowledge ranges from the prevalent stories and trends among car enthusiasts around the world, to closely following the latest local and international developments in the automotive industry.

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