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Exports not real deal, court told
By Angela Xu |
May 14, 2009, Thursday
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Print Edition
Print Edition
TWO businessmen who allegedly made value-added tax invoices for virtual export trades involving more than 200 million yuan (US$29 million) and illegally claimed more than 30 million yuan in tax rebates went on trial yesterday.
Li Wei, legal representative of Shanghai Zhuchuan Information Technology Co Ltd, and his business partner, Zhang Yangkan, legal representative of Shanghai Weizhen Communications Technology Co Ltd, were both charged with making false value-added tax invoices and defrauding the government.
The two pled not guilty at the Shanghai No. 1 Intermediate People's Court, saying the deals did happen and they had applied for rebates following the country's policy.
Prosecutors alleged from March 2006 to December 2007, Li, 33, and Zhang, 31, both local natives, conspired to claim tax refunds by making use of the nation's preferential tax policies for exports.
Zhuchuan first made false deals to sell some 4,000 sets of bill-printing software at around 50,000 yuan per set to Weizhen, it was alleged.
Weizhen input the software into integrated circuits to produce digital processor boards and entrusted two local foreign trade companies to export the boards to two Hong Kong companies, which were actually registered and controlled by the two defendants, prosecutors alleged.
The defendants argued the deals were real. Li said his company owned the copyright of the software and agreed to sell the product to Weizhen exclusively.
Zhang said two foreign trade companies had checked the boards before export.
The court didn't announce a verdict yesterday.
Li Wei, legal representative of Shanghai Zhuchuan Information Technology Co Ltd, and his business partner, Zhang Yangkan, legal representative of Shanghai Weizhen Communications Technology Co Ltd, were both charged with making false value-added tax invoices and defrauding the government.
The two pled not guilty at the Shanghai No. 1 Intermediate People's Court, saying the deals did happen and they had applied for rebates following the country's policy.
Prosecutors alleged from March 2006 to December 2007, Li, 33, and Zhang, 31, both local natives, conspired to claim tax refunds by making use of the nation's preferential tax policies for exports.
Zhuchuan first made false deals to sell some 4,000 sets of bill-printing software at around 50,000 yuan per set to Weizhen, it was alleged.
Weizhen input the software into integrated circuits to produce digital processor boards and entrusted two local foreign trade companies to export the boards to two Hong Kong companies, which were actually registered and controlled by the two defendants, prosecutors alleged.
The defendants argued the deals were real. Li said his company owned the copyright of the software and agreed to sell the product to Weizhen exclusively.
Zhang said two foreign trade companies had checked the boards before export.
The court didn't announce a verdict yesterday.
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