News
In the wake of the official announcement in the National Gazette on May 17, 2017 following the approval of National Legislative Assembly Thailand (NLA), Thailand’s new Customs Act B.E. 2560 (2017) which repeals the outdated and controversial Customs Act B.E. 2469 (1926) is scheduled to come into effect 180 days from the publication, or on November 13, 2017.
The revision aims to modernize customs administration and procedures, facilitate trade, streamline duties collection and enhance the transparency of customs duties.
Unser the new customs regime, one of the significant changes is reduction of statutory penalties and fines for duty evasion offence. The new calculation for a fine is between 0.5 to 4 times of duty shortfall.
Exporters and importers will be required to make sure that packages or containers of goods to be imported or exported outside the country have a mark or number to inspect the package or container. No mark or label required by law is liable to a fine not exceeding five hundred thousand Baht.
