Related News
10 suspects detained in export tax rebate scam
By Zhao Wen |
May 7, 2012, Monday
|
Online Edition
Online Edition
TEN people have been detained for allegedly cheating 42 million yuan (US$6.66 million) in export tax rebate by declaring electronic exports at artificially high prices, Shanghai Customs said today.
The case involving goods valued at 288 million yuan in total is the biggest of its kind in Shanghai, officials said.
The 10 suspects, all Chinese, have exported electronic goods including capacitors, diodes and massage sticks to Hong Kong through six trading companies since 2009.
They purchased value-added tax invoices at a cost about 4.5 to 5.5 percent of an invoice face value and declared export items at prices 10 times higher than their market prices.
During investigations, custom officials found the gang exchanged foreign currencies through underground banks and deposited the money in a Hong Kong bank account. Every time the goods arrived, they used the Hong Kong account to pay the trading companies and obtain export earnings verification forms to apply for tax rebates.
The gang also hired smugglers to bring exported goods back into mainland and export them again and again to defraud tax rebates totaling 42 million yuan from 2009 to January this year.
Shanghai police arrested the 10 suspects on March 29 and they could face jail terms from 10 years to life imprisonment, custom officials said.
The case involving goods valued at 288 million yuan in total is the biggest of its kind in Shanghai, officials said.
The 10 suspects, all Chinese, have exported electronic goods including capacitors, diodes and massage sticks to Hong Kong through six trading companies since 2009.
They purchased value-added tax invoices at a cost about 4.5 to 5.5 percent of an invoice face value and declared export items at prices 10 times higher than their market prices.
During investigations, custom officials found the gang exchanged foreign currencies through underground banks and deposited the money in a Hong Kong bank account. Every time the goods arrived, they used the Hong Kong account to pay the trading companies and obtain export earnings verification forms to apply for tax rebates.
The gang also hired smugglers to bring exported goods back into mainland and export them again and again to defraud tax rebates totaling 42 million yuan from 2009 to January this year.
Shanghai police arrested the 10 suspects on March 29 and they could face jail terms from 10 years to life imprisonment, custom officials said.
- About Us
- |
- Terms of Use
- |
-
RSS - |
- Privacy Policy
- |
- Contact Us
- |
- Shanghai Call Center: 962288
- |
- Tip-off hotline: 52920043
- 娌狪CP璇侊細娌狪CP澶05050403鍙-1
- |
- 浜掕仈缃戞柊闂讳俊鎭湇鍔¤鍙瘉锛31120180004
- |
- 缃戠粶瑙嗗惉璁稿彲璇侊細0909346
- |
- 骞挎挱鐢佃鑺傜洰鍒朵綔璁稿彲璇侊細娌瓧绗354鍙
- |
- 澧炲肩數淇′笟鍔＄粡钀ヨ鍙瘉锛氭勃B2-20120012
Copyright 漏 1999- Shanghai Daily. All rights reserved.Preferably viewed with Internet Explorer 8 or newer browsers.
