PACC asks for British help is stamping out "grey market" car trade
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The Office of the Public Sector AntiCorruption Commission (PACC) on Wednesday met with the British Embassy's first secretary and British Custom officials in Hong Kong to ask for cooperation in checking overseas Thais in the UK wishing to bring cars back t
The authority has found that 14 out of 31 cars brought back by overseas Thais since 2008 might have been illegally brought in, said PACC chief Dusadee Arayawuth.
The “grey market” uses legal loopholes – including abusing the right of overseas Thais to bring back their cars back to Thailand and falsely declaring the car price so as to avoid full tax – to import cars then sell them at 4060 per cent cheaper than the Thai market price. A Bentley, currently selling for up to Bt39 million at the Motor Show, was declared at Bt1.3 million by a “grey market” gang hence was taxed at Bt3.4 million. The gang then sold it for only Bt6 million, he added.
The Nation
