Yes, provided that the motor vehicle
is brand new. Under Bangko Sentral ng Pilipinas (BSP) Circular 92,
Series of 1995, dated October 15, 1995, the importation of a brand-new
motor vehicle of all types, including motorcycles has been liberalized
and would no longer thus require prior authority to import.
2
WHEN IS A MOTOR VEHICLE BRAND NEW?
A motor vehicle is brand new if
and only if the following criteria are satisfied:
a. That the motor vehicle is of current or advance year model;
b. It has never been registered or used;
c. It is covered by a certificate of first ownership;
d. Of the year of the immediate preceding year in the country of origin
and/or manufacture provided that:
1. The motor vehicle has a mileage of not more than 50 kilometers
and;
2. The motor vehicle has been acquired by the importer from the dealer
as first owner.
