MANILA, Philippines — President Duterte has issued an executive order (EO) that retains the zero duty on capital equipment, spare parts and accessories imported by new and expanding enterprises ...
Capital equipment (including furniture and furnishings) is defined as an article of nonexpendable, tangible (moveable) personal property with a useful life of more that one year and an acquisition ...
The purpose of this policy is to ensure compliance with: (1) Federal regulations applicable to all Federally-funded equipment; and (2) sound business practices for University-acquired accountable ...
Capital equipment for the University must have an individual cost of $10,000 or more and have a useful life of one or more years, provided sufficient individuality and size exists to make control ...
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