Thai customs, Citibank sign MoU
The Royal Thai Customs and Citibank Thailand signed a memorandum of understanding (MoU) for electronic customs tax payment services on Thursday, says a press release. CustomsConnect, the electronic customs tax payment services, facilitates the importers and exporters to easily handle customs tax payments with ultimate convenience via Internet. The service will be resulting in overall cost saving of the importers' and exporters' business operation and increase the business efficiency. "Through our partnership with Citigroup and our adoption of CustomsConnect, the Customs Department will substantially enhance the operation, particularly in regards to the e-customs initiative and the e-government policy of the Thai government," said Dr. Sathit Limpongpan, Director General, Royal Thai Customs. CustomsConnect contains several features to support varieties of importers' and exporters' customs related payments 24 hours a day and 7 days a week including invoice details and importer-exporter documentation. The service allows flexibility to adjust the payment approval criteria and the payment authority level of the authorised payment approvers.
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