Success Stories
Case A
Issue:
A world leading tobacco manufacturer and importer wished to exploit tariff reduction privileges for its products through Free Trade Agreements (FTAs). To this end, they approached us to assist in conducting a comprehensive comparative study of FTA tariff preferences and rules of origin.
Our solution:
We conducted a detailed comparative analysis on preferential tariff rates of tobacco products under all FTAs entered into between Thailand and its trade partners. The analysis covered import tariff rates applied by Thailand and those applied by trade partners at the time of exporting to their countries, in-quota tariff rates, out-quota tariff rates, and rules of origin requirements.
Result
The findings of the comparative analysis enabled the client to effectively utilize the FTA privileges to save import duty and tax when importing and exporting to various countries.
Case B
Issue:
A joint venture automotive manufacturer was contemplating certain business scenarios involving the utilization of a customs bonded warehouse and/or a Customs Free Zone as an ASEAN hub for part sourcing from local and overseas vendors, as well as for manufacturing and distributing the goods in Thailand and other ASEAN countries. The client's aims were to minimize potential duty and tax, expedite the customs clearance process, and effectively manage inventory control.
Our solution:
We gathered facts on each contemplated business scenario and provided an analysis of their duty and VAT implications to determine which scenario allowed the client to enjoy maximum operational cost reduction. We also identified the relevant customs regulations and requirements with which the client must comply under these business scenarios, and finally introduced alternative business models for their consideration.
Result
The client has a better understanding and awareness of all of the risks involved in each business scenario, allowing the client to select the optimal business model which ensures smooth supply chain operation with reduced cost and saved time.
For more information, please contact:
Malika Bhumivarn | Partner
Malika.Bhumivarn@bolliger-consulting.com
Somruekarn Wongsaroj | Assistant Manager, Customs & Supply Chain
Tel. +66(0) 2 625 6375 | Fax. +66(0) 2 625 6311
Somruekarn.W@bolliger-consulting.com
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