BUSINESS

Customs arbitration for disputes on security amount

Business, Tilleke & Gibbins International Ltd, Published on 05/04/2013

» When importers bring products into Thailand, the goods need to pass through customs formalities, during which officials will inspect the products to assess duties. Duties are determined based on the real market value of the product and all related taxes. This means that the amount of duty can vary in different circumstances, resulting in some importers disagreeing with the amount assessed.