Yearly Monitoring of Use of TEAs

January 5, 2016 CDC MEMORANDUM CIRCULAR NO. 16-01-16 TO : All CFZ Registered Enterprises with Tax-Exempt Aircrafts SUBJECT : Yearly Monitoring of Use of TEAs 1. Pursuant to Memorandum Circular No. ERD 11-35, dated 12 September 2011, Section B of the "Policy Guidelines on the Admission of Duty-free and Tax-Exempt Aircrafts (TEAs)" , please submit to CDC Trade Facilitation Department the Civil Aviation Authority of the Philippines (CAAP) Certification of previous year's flight schedules and total flight hours of all previously imported TEAs, reflecting that at least 51% of total flight hours are connected with Clark routes on or before 31 January 2015. 2. An inventory inspection of all tax-exempt aircrafts of Clark Freeport Zone (CFZ)-registered enterprises will be conducted jointly by an Inventory Team composed of representatives from Clark Development Corporation (CDC) and the Bureau of Customs (BOC). 3. The inspection will be conducted at the Clark International Airport Corporation (CIAC) hangar, on February 8-12, 2016, from 9:00 AM to 4:00 PM, in accordance with the attached schedule. 4. In accordance with Section D of the "Policy Guidelines on the Admission of Duty-free and Tax-Exempt Aircrafts (TEAs)" , failure to meet the 51% threshold limit by Clark-related flights will be subjected to a fine of US$5,000.00/aircraft and payment of duties and taxes per year. Please be guided accordingly. aDSIHc (SGD.) EVANGELINE G. TEJADA Vice President Business Development and Business Enhancement Group ATTACHMENT Schedule of 2015 Yearly Monitoring of Use of TEAs February 8, 2016 Monday 1. Aerotech Industries Phils. 2. Asian Aerospace 3. Air Asia Inc. February 9, 2016 Tuesday 1. Asian Spirit, Inc. 2. Asiawide Airways, Inc. 3. Cargohaus, Inc. February 10, 2016 Wednesday 1. Mosphil Aero Inc. 2. Omni Aviation Corp. 3. Pacific East Asia Cargo February 11-12, 2016 Thursday & Friday 1. Seair, Inc. 2. TDG Asia