After consultation meeting with the business sector, and due to the clamor of businessmen and traders with trucks being utilized exclusively in their/its business operations, this Board hereby RECALLS Memorandum Circular No 2014-011, entitled œAcceptance for the Filing of Application/Petition for Exemption in the Operation of TH Freight Services  issued on July 15, 2014.

Upon effectivity of this Circular, the Board through the Technical Division and its Regional Franchising Regulatory Offices are directed not to accept Application/s or Petition/s for Exemption to Operate TH Freight Services.

Applicants who/which filed Application/Petition for Exemption prior to the issuance of this Memorandum Circular shall be eligible for refund of payment of fees and charges, subject to existing audit rules and regulations.

This Memorandum Circular shall take effect immediately following its publication in a newspaper of general circulation and the filing of three (3) copies hereof with the UP Law Center pursuant to Presidential Memorandum Circular No. 11, dated 09 October 1992.

SO ORDERED.

Quezon City, Philippines, AUG 14 2014

(SGD) ATTY. WINSTON M. GINEZ, CPA Chairman
(SGD) ENGR. RONALDO F. CORPUS Board Member	(SGD) ATTY. ANTONIO ENRILE-INTON, JR. Board Member
Attested by: (SGD) ATTY. ROBERTO P. CABRERA III Executive Director