Investor Club Association

Training and Investor Service Section

No. 1 TP&T Tower, 12th, 16th Fl., Vibhavadee-Rangsit Rd., Chatuchak, Chatuchak, Bangkok 10900

Phone: 66(0) 2936-1429 Ext. 208 Fax: 66(0) 2936-1441-2 E-mail:

Training Course: How to proceed with machineries and equipments for promoted

companies

Objectives

Investment promotion privileges for exemption or reduction of import duty on machinery and equipment under Section 28 and 29 of Investment Promotion Act by the Office of the Board of Investment (BOI) is granted to promoted persons for the purpose of improving their efficiency and strengthening their competitiveness.

This course aims to enhance promoted persons’ understanding of the BOI’s procedures and conditions, including the period receiving privileges to enable a promoted project to maximize granted promotion privileges and facilitate coordinate function with the BOI.

Contents

·  Rights and benefits under Section 28 and 29 of Investment Promotion Act

·  Guidelines for Approval of Import Duty Reduction or Exemption on Machinery

1. Clearance of Imported Machinery

1.1  Relaxation of using bank guarantee / extension of using bank guarantee

1.2  Permission for releasing machinery/releasing machinery import duty’s bank guarantee

2. Machinery Utilization

2.1 To lease / hire-purchase contract

2.2 To sell / transfer / donate

2.3 To be used by non promoted process or by other company

2.4 To export machinery

3. Procedures for extension of machinery importation period

3.1 Extension of machinery importation period back to the first shipment arrived

before approval granted

3.2 Extension of time frame for importing machinery and commencement of

operations

4. Balancing of accounts of machinery

5. Procedures for the Electronic Machine Tracking System (eMT)

5.1 Preparation of list of machinery (Master list)

5.2 Release of machinery according to list of machinery (Master list)

Participants

Executives/entrepreneurs, procurement manager, operation manager, accounting manager, people directly dealing with investment promotion privileges, and general interested person

Recommendation

This intermediate course is recommended for individuals who have alreadycompleted the course “Important Basic Knowledge for Project after Receiving Investment Promotion Approval” or “Procedures Required after Receiving Investment Promotion Approval”.

Methods

Lectures, case studies, question & answer

Guest Speaker

Specialist from the Office of the Board of Investment

Language

Thai

Duration

1 day