Two re-rollers are officially duty-free importers in Thailand.
Thai ministry of finance has admitted Siam United Steel and Thai Cold Rolled Steel are duty-free importers, to end dispute between Thai government and Japan government. Thai government repay over $10 m now in duty from this two re-rollers.
Under the free trade agreement both countries signed in November 2007, Thai consumers of Japanese steel that were recognized to import flat rolled items from Japan duty-free. But Thai refused to recognize two Japanese re-rollers Nippon steel ‘s Siam United Steel and JFE Steel ‘s Thai Cold Rolled Steel Sheet , were importers duty-free. Then Thai government has forced both to pay 5% duty until recently.
