Fines of over VND500 million from imported supplemental foods
Officers of 1st Zone Sai Gon Seaport Customs Branch at work. Photo: T.H |
According to 1st Zone Sai Gon Seaport Customs Branch, V.D.P Co., Ltd. registered to import five shipments at the branch.
The goods are declared as “Joint Flex Plus Glucosamine & Chondroitin Plus Collagen Type II supplemental foods”; HS code 2106.90.91; preferential import tax rate of 15%, VAT rate of 10%.
Through post-clearance audit, the customs discovered that the company falsely declared the HS code of the goods.
The company implemented additional declarations for these shipments and proposed to revise the HS code as 22029950, the preferential import tax rate of 30%, the VAT rate of 10%.
The value of declared goods was over VND2.7 billion. With the additional declaration, the company must pay a further VND450 million.
Thus, V.D.P Co., Ltd. imported goods and falsely declared the HS code of goods, leading to the lack of tax payable.
Recently, 1st Zone Sai Gon Seaport Customs Branch fined the company over VND90 million.
Related News
Facilitates import and export enterprises amid difficult context
09:46 | 06/04/2023 Customs
Enterprises have the right to pre-determine HS codes
09:55 | 06/04/2023 Regulations
Customs seizes 20 drug-related offences
10:23 | 05/04/2023 Anti-Smuggling
Latest News
Vietnam ready to export first batch of sweet potatoes to China
13:57 | 06/04/2023 Anti-Smuggling
23 customs offences prosecuted
09:56 | 06/04/2023 Anti-Smuggling
Transnational drug crime remains complicated
09:52 | 03/04/2023 Anti-Smuggling
Proactively control counterfeit goods and infringing intellectual property rights
10:32 | 02/04/2023 Anti-Smuggling
More News
Hai Phong Customs proactively prevent contraband
11:39 | 01/04/2023 Anti-Smuggling
Transnational drug crime complicated
13:41 | 31/03/2023 Anti-Smuggling
COVID-19 drug-related trafficking prosecuted
09:23 | 30/03/2023 Anti-Smuggling
Prosecute a case of smuggling relating to importing medicines for Covid-19 treatment
15:39 | 29/03/2023 Anti-Smuggling
Consignments of over 600 tons of used oil are allowed for import or not?
10:20 | 29/03/2023 Anti-Smuggling
Lang Son: Launching several solutions to prevent smuggled dirty food
10:12 | 28/03/2023 Anti-Smuggling
Strictly control goods in transit, temporarily imported goods for re-export, goods deposited in bonded warehouses to prevent fraud
13:44 | 27/03/2023 Anti-Smuggling
Establishing an interdisciplinary working group to inspect, enhance anti-smuggling work
10:23 | 23/03/2023 Anti-Smuggling
Hai Phong Customs seizes 7 tons of smuggled ivory
11:55 | 22/03/2023 Anti-Smuggling
Your care
The system has not recorded your reading habits.
Please Login/Register so that the system can provide articles according to your reading needs.
Vietnam ready to export first batch of sweet potatoes to China
13:57 | 06/04/2023 Anti-Smuggling
23 customs offences prosecuted
09:56 | 06/04/2023 Anti-Smuggling
Customs seizes 20 drug-related offences
10:23 | 05/04/2023 Anti-Smuggling
Transnational drug crime remains complicated
09:52 | 03/04/2023 Anti-Smuggling
Proactively control counterfeit goods and infringing intellectual property rights
10:32 | 02/04/2023 Anti-Smuggling