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Board of Investment Announcement

No. 10/2547

Exemption of import duty for machinery used for energy saving

To promote economical and efficient use of energy, by virtue of Section 16 and Section 28 of the Investment Promotion Act of B.E. 2520, as amended by the Investment Promotion Act (No.2) of B.E. 2534, the Board of Investment hereby announces criteria in granting privileges in exempting import duty used for energy saving as follows.

All promoted projects regardless of activity shall be exempted from import duty on machinery used for energy saving as approved by the Ministry of Energy, provided that import must be done within 2 years from approval date and application for import approval must be submitted within December 30, 2005.

Effective from September 30, 2004 onward.

Announced on December 20, 2004

General

(Chawalit Yongchaiyut) Deputy Prime Minister