Exemption from customs duty for items with a value not exceeding 1,500 baht
Ministry of Finance and the Customs Department Two announcements have been published regarding exemptions from customs duties. For items with a value not exceeding 1,500 baht, the two announcements are as follows:
Customs Department Announcement No. 116/2024 on determining the price of imported goods, which is exempt from duty according to category 12, section 4 of the Customs Tariff Emergency B.E. 2530, which determines the price of imported goods, each of which has a price not exceeding one baht, is exempt from duty (customs duty, excise tax, and value added tax).
and the announcement of the Ministry of Finance regarding the exemption of customs duties for items with a price not exceeding 1,500 baht, which provides an exemption from duties for imported items (price includes shipping and insurance (CIF)).
As a result of these two announcements that make,
Items with a value of 0-1 baht Will be exempt from customs duties, excise tax and VAT
Items valued from 1-1,500 baht It is exempt from customs duty only. Excise duty and VAT must still be paid.
Valid period From 5 July – 31 December 2024 (for 6 months)”
Exemption from Import customs duty
Example of calculating customs duties CIF price = Price of goodst + shipping fee+ insurance
(1) Total CIF price of all items not exceeding 1,500 baht. 🔸️Exempted from customs duties 🔸️Pay excise tax (if any) 🔸️Pay VAT 7%
#Example of calculation ((1)) Mr. A imports goods with a total CIF price of 1,000 baht. (Item 1 CIF = 200 baht/Item 2 CIF = 800 baht)
🔹️Customs duty = Exemption from customs duty. 🔹️Excise tax fee = recommended retail price x excise tax rate (if any) 🔹️VAT = (CIF price 1,000 baht + excise tax (if any) + other taxes (if any)) x 7%
(2) Total CIF price of all items exceeding 1,500 baht. 🔸️Pay customs duties 🔸️Pay excise tax (if any) 🔸️Pay VAT
#Calculation example ((2)) Mr. B imports goods with a total CIF price of 4,000 baht. (Item 1 CIF = 1,000 baht, Item 2 CIF = 3,000 baht)
Note – Calculation by example Only in the case of importing goods from abroad (Delivery Form Type O) – To calculate customs duties and excise taxes may differ from the sample Depends on the goods type
