The Appeal Court this week lowered a fine slapped on Philip Morris (Thailand) Ltd from 1.2 billion baht to 121 million baht for customs violations regarding cigarette imports from the Philippines.
In November 2019, the Criminal Court found the tobacco giant guilty of evading taxes and ordered it to pay the 1.2-billion-baht fine.
In the ruling, the court dismissed the charges against seven employees due to a lack of clear evidence. Both the prosecution and the company appealed.