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The Board of Investment (BOI) in Thailand promotes specific industries by offering substantial tax and non-tax incentives. Companies involved in the recycling of precious metals from electronic and electrical waste often fall under these promoted activities. For a company importing or processing circuit breaker scrap under a BOI promotion, inspections are critically important for several […]
Circuit breaker scrap is highly valuable due to its content of precious and base metals. The scrap can be categorized as follows: 1. Precious Metal-Bearing Components: 2. Base Metal Components: 3. Non-Metallic Components: 4. Mixed/Composite Waste:
Scrap inspection is a mandatory process required by the BOI and Customs Department of Thailand. This inspection ensures that scrap materials (such as PCB scrap, solder dross, rejected boards, or electronic components) are properly verified, recorded, and disposed of according to Thai regulations. 🔍 1. Purpose of BOI Scrap Inspection The main goals are to: […]
For companies granted BOI privileges, understanding the terms “Loss” and “Scrap” is critically important — as they directly affect raw material write-offs, documentation accuracy, and compliance with BOI requirements. 🧩 Definition of “Loss” Loss refers to raw materials that cannot be used for their original intended purpose, such as: 🔥 Definition of “Scrap” Scrap refers […]
This inspection ensures compliance in terms of quality, quantity, and contamination control and directly affects a company’s eligibility for BOI tax and duty incentives. Failing to conduct the inspection can lead to severe consequences, including loss of privileges, financial penalties, and shipment seizure. 1. Enables Duty-Free Import Exemptions — the Core Financial Advantage Under Sections […]
Advantage Co.,ltd can help organizations reduce the burden of disposing of production scraps or waste losses through its BOI Electronic Scrap Inspection Service. Loss parts or scraps refer to raw materials that are either unused or left over from production, defective items, or materials that do not meet quality standards and cannot be used for […]
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