Customs

 

A complex and bureaucratic Customs clearance environment in Thailand, combined with varying compliance controls and practices and lack of transparency in interpretation of the rules, has been creating levels of risk and uncertainty to almost traders. Though some of these difficulties have been being addressed and reduced, changes to the FTA standards also bring about new challenges. 

 

Further, Thai Customs has been expanding their audit efforts to enforce compliance with import and export regulations. 

Combining with the intrinsic complexity of Thailand’s rules and continuing reduction of import duty collection due to the existing and coming FTAs, multinational companies unsurprisingly find global trade management to be an increasingly challenging environment.

 

We provide advisory service on duty requirements, taxes payable at importation or exportation, and other regulatory and commercial matters.

 

We also provide assistance in designing and implementing processes that minimize costs associated with importing and exporting and reduce the risk of penalties, directly augmenting your company’s bottom line, and in maximizing your supply chain efficiencies that assist you in becoming more competitive in the marketplace (e.g., by reducing cycle times) and result in cost savings.

 

Our result-oriented customs and international trade services team can tailor specific advice to your individual needs. Among other services, we can work with you in the following areas:

 

  • Determine and implement strategies for duty reduction and other cost savings opportunities through high-level or targeted process reviews.

 

  • Provide specific guidance in structuring transactions for Customs valuation purposes.

 

  • Undertake focused reviews to identify the most appropriate tariff headings to minimize import duty and maximize VAT export refunds.

 

  • Provide advice on non-tariff barriers to the export and import of goods.

 

  • Perform high-level or targeted process reviews to determine levels of compliance /noncompliance, process gaps and risks and advise on corrective action.

 

  • Assist local management in handling Customs audits and preparation of defense strategies and arguments.

 

  • Assist in designing and implementing internal controls and “Best Practice” processes

 

  • Provide training on Customs and trade issues, tailored to your company’s specific needs.

 

 

 

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