How to claim your safeguard bond refund from Honda

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Following the Department of Trade and Industry’s junking of the safeguard duty on imported cars and light commercial vehicles effective August 12, 2021, Honda Cars Philippines, Inc. (HCPI) has released guidelines on how customers can refund their provisional safeguard deposit cash bond.

According to HCPI, customers may start processing their refund request starting today, August 16, by following these steps:

  1. Download the Safeguard Refund Form online.
  2. A complete Safeguard Refund Form, along with attached requirements must be submitted to dealers.
    • Requirements:
      • Signed and accomplished Safeguard Refund Form
      • Acknowledgement / collection / provisional receipt
      • Vehicle sales invoice
      • Vehicle’s official receipt and certificate of registration
      • One (1) valid government-issued ID
    • For those who prefer to receive their refund via bank deposit instead of cheque, customers must indicate their bank details in the Safeguard Refund Form. Otherwise, refund release will automatically be in actual cheque for claiming at the dealership.
  3. The dealer shall validate requirements and form of customer. If eligible for Safeguard Refund, customer will be receiving an update from their dealership of transaction that their refund is for processing.
  4. Once the refund has been processed and approved, the dealer shall contact the customer once the Safeguard Refund is ready for release, either for deposit or for cheque release at the dealership. 
  5. Upon claiming the refund, customers must bring the original documents for verification. For health, safety, and security purposes, online process and verification may be applied by dealer and customers as well.

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