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Customs Tariff and Import Duties

Steps to determine tariff classification and import duties Find the HS Code Go to the Customs Department website (www.customs.go.th). Select the “Tariff Search” menu. Enter the product description in Thai or English to search for the correct tariff code. Choose the 8-digit HS Code to view detailed classification. Check the import duty rate Visit the Customs Tariff Search System (itd.customs.go.th). Select Section 12 to view the applicable duty rate (after any reductions) or select FTA to check preferential duty rates under trade agreements. Calculate the CIF value, which consists of: Cost + Insurance + Freight. Calculate import duty using the...

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Customs Tariff and Import Duties

Steps to determine tariff classification and import duties Find the HS Code Go to the...

30
Sep

Blog

Trade Agreements and Tax Privileges

AFTA (ASEAN Free Trade Area)The ASEAN Free Trade Area consists of 10 member countries: Brunei, Cambodia, Indonesia, Laos, Malaysia, Myanmar, the Philippines, Singapore, Thailand, and Vietnam.The Certificate of Origin used to claim tariff reduction or exemption for goods traded among member countries is Form D. ACFTA (ASEAN–China Free Trade Agreement)An economic cooperation framework between the 10 ASEAN member countries and China.The Certificate of Origin used to claim tariff reduction or exemption for goods traded under this agreement is Form E. JTEPA (Japan–Thailand Economic Partnership Agreement)A bilateral agreement between Thailand and Japan aimed at strengthening economic cooperation by reducing and eliminating...

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30
Sep

Blog

Import Procedures in Thailand

Importing goods into Thailand involves two main steps: registering as an importer and obtaining specific licenses for the goods. Registering as an Importer Businesses must register as an importer/exporter with the Customs Department via the Customs Trader Portal. Alternatively, Bizcon Logistics Co., Ltd. can assist with the registration process. Required documents include the English company name registered with the Department of Business Development and the original ID card or passport of the authorized signatory. Once approved, the registration remains valid for 1 year from the date of authorization. Applying for Specific Import Licenses Some types of goods require prior approval...

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30
Sep

Blog

ICC’s Incoterms® rules for international trade

The Incoterms® rules, set by the International Chamber of Commerce (ICC), define the essential terms of trade for the sale of goods under worldwide contracts. Incoterms® 2020 consists of 11 rules divided into two groups: ‘Rules for any mode or modes of transport’ and ‘Rules for sea and inland waterway transport.’ Rules for any mode or modes of transport: EXW – Ex Works FCA – Free Carrier CPT – Carriage Paid to CIP – Carriage and Insurance Paid to DAP – Delivered at Place DPU – Delivered at Place Unloaded (NEW) DDP – Delivered Duty Paid Rules for sea and...

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30
Sep

Blog

Customs Tariff and Import Duties

Steps to determine tariff classification and import duties Find the HS Code Go to the Customs Department website (www.customs.go.th). Select the “Tariff Search” menu. Enter the product description in Thai or English to search for the correct tariff code. Choose the 8-digit HS Code to view detailed classification. Check the import duty rate Visit the Customs Tariff Search System (itd.customs.go.th). Select Section 12 to view the applicable duty rate (after any reductions) or select FTA to check preferential duty rates under trade agreements. Calculate the CIF value, which consists of: Cost + Insurance + Freight. Calculate import duty using the...

read more
30
Sep

Blog

Trade Agreements and Tax Privileges

AFTA (ASEAN Free Trade Area)The ASEAN Free Trade Area consists of 10 member countries: Brunei, Cambodia, Indonesia, Laos, Malaysia, Myanmar, the Philippines, Singapore, Thailand, and Vietnam.The Certificate of Origin used to claim tariff reduction or exemption for goods traded among member countries is Form D. ACFTA (ASEAN–China Free Trade Agreement)An economic cooperation framework between the 10 ASEAN member countries and China.The Certificate of Origin used to claim tariff reduction or exemption for goods traded under this agreement is Form E. JTEPA (Japan–Thailand Economic Partnership Agreement)A bilateral agreement between Thailand and Japan aimed at strengthening economic cooperation by reducing and eliminating...

read more
30
Sep

Blog

Import Procedures in Thailand

Importing goods into Thailand involves two main steps: registering as an importer and obtaining specific licenses for the goods. Registering as an Importer Businesses must register as an importer/exporter with the Customs Department via the Customs Trader Portal. Alternatively, Bizcon Logistics Co., Ltd. can assist with the registration process. Required documents include the English company name registered with the Department of Business Development and the original ID card or passport of the authorized signatory. Once approved, the registration remains valid for 1 year from the date of authorization. Applying for Specific Import Licenses Some types of goods require prior approval...

read more
30
Sep