Import tax exemption for flood-hit vehicles assemblers

TUESDAY, NOVEMBER 29, 2011
Import tax exemption for flood-hit vehicles assemblers

The Cabinet on Tuesday approved temporary import tariff exemption on machinery, completely-built units (CBU) of vehicles and components for flood-hit vehicles assemblers,Industry Ministry Wannarat Charnnukul said.

The tax waivers will stand from October 25 this year until June 30, 2012 with imported quantity not to  exceed last year's production, Wannarat added. 

Only Honda Automobile (Thailand) is eligible to import CBUs as flood completely shut down its plant operations.

The Nation