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Thailand’s top court rules Toyota unit must pay $272 mln in import duties

Thailand Supreme Court on Thursday upheld a lower court ruling that the local unit of Toyota Motor Corp (7203.T) owed the government 10 billion baht ($272.11 million) in extra taxes for importing components not subject to a reduced tariff.

The court was handling an appeal against a 2019 ruling that the company must pay duties on some parts imported from Japan, which were for its Prius gas-electric hybrid model assembled in Thailand between 2010 and 2012.

Source Reuters

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