Thailand's top court rules Toyota unit must pay US$272 million in import duties

BANGKOK: Thailand Supreme Court on Thursday upheld a lower court ruling that the local unit of Toyota Motor owed the government 10 billion baht in extra taxes for importing components not subject to a reduced tariff.

The court agreed with the previous decision that the imported items should be treated as complete knock-down kits, with an 80 per cent tariff rate, instead of as auto parts, meaning they were not eligible for a reduced rate of 30 per cent under a Japan-Thailand Economic Partnership Agreement .

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