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Amber smugglers charged with fraud, tax evasion
By Li Qian |
February 7, 2012, Tuesday
|
Online Edition
Online Edition
THREE men were prosecuted recently in Shenzhen, southern Guangdong Province for evading taxes totaling 120 million yuan (US$19 million) through imports of amber worth more than 828 million yuan.
They falsely claimed the imported amber was a kind of cheap rosin to the Shenzhen Customs and forged contracts to evade high import tariffs between 2006 and 2011, the prosecutors said.
Two Taiwanese businessmen in the case were arrested last May and authorities confiscated about 500 kilograms of amber, valued at 10 million yuan, and many forged documents found in their house, the New Express Daily reported today.
Amber is fossilized resin and is more expensive than resin. China has a rich supply of homegrown resin but a Shenzhen jewelry company always imported large quantities of resin. This made the local customs suspicious.
The custom officials raided the company and discovered their fraud, the paper said.
They falsely claimed the imported amber was a kind of cheap rosin to the Shenzhen Customs and forged contracts to evade high import tariffs between 2006 and 2011, the prosecutors said.
Two Taiwanese businessmen in the case were arrested last May and authorities confiscated about 500 kilograms of amber, valued at 10 million yuan, and many forged documents found in their house, the New Express Daily reported today.
Amber is fossilized resin and is more expensive than resin. China has a rich supply of homegrown resin but a Shenzhen jewelry company always imported large quantities of resin. This made the local customs suspicious.
The custom officials raided the company and discovered their fraud, the paper said.
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