5.4 Custom Duty

The Customs Act 2064 (2007) → the new Customs Act 2081 (2024) — the border-tax frame: the duties' types (the import-and-export; the ad-valorem-and-specific); the valuation (the transaction-value discipline (the WTO's customs-valuation agreement face)); the classification (the HS-code's international standard); the exemption-and-concession faces (the treaties; the industrial-incentive lines; the duty-drawback); the clearance (the declaration's lodgement; the risk- management's modern selectivity); the offences (the smuggling; the undervaluation; the seizure- and-forfeiture machinery); the relevance: the trade's gate (the trade course's tariff companion (LAW5602)).