FDI enterprise fined over US$2 billion for false declaration of HS code

VCN – When checking the declaration of goods imported by an FDI enterprise, HCM City Customs Department detected that the company falsely declared the HS code of goods.
HCM City tops nation in FDI attraction in first eight months HCM City tops nation in FDI attraction in first eight months
The population is The population is "golden" but the quality of labor is not
Binh Duong’s domestic investment surpasses FDI for first time Binh Duong’s domestic investment surpasses FDI for first time
HCM City Customs Department detects over 400 suspected goods containers
Officers of Investigation/Processing Customs Branch. Photo: T.H

According to the city customs department, in August while inspecting the declaration of BS30 Automotive Optical Film worth over VND2.7 billion imported by M. Vietnam Co., Ltd., the Investigation/Processing Customs Branch detected that the company falsely declared HS code, leading to the missing of tax payable worth over VND1.8 billion.

The branch issued Decison 2209/QD-XPVPHC to fine the company over VND360 million for false declaration of HS code and the tax rate of cleared goods, leading to the missing of the tax payable.

The branch collected tax arrears and fined the company over VND2.1 billion.

By Le Thu/ Ngoc Loan

Related News

Launch of FDI Annual Report 2023

Launch of FDI Annual Report 2023

VCN - In 2023, industrial parks and economic zones kept attracting foreign investors with 27.7 billion USD of FDI capital investment; the number of new investment projects, adjusted investment capital and implemented FDI capital all increased compared to the previous year.
Vietnam owns significant advantages in attracting FDI

Vietnam owns significant advantages in attracting FDI

VCN - In an interview with Customs News, Dr. Vo Tri Thanh, Director of the Institute of Branding and Competition Strategy, believed that the global minimum tax could affect global foreign direct investment (FDI) flows and the FDI attraction policies of each country. However, "in crisis lies opportunity", Vietnam still has significant advantages in attracting FDI.
Meets standards to attract FDI into supporting industries

Meets standards to attract FDI into supporting industries

VCN - When choosing Vietnam as an attractive investment destination in the supporting industry, foreign investors not only expect a vibrant market but also desire a favorable investment environment and smooth administrative procedures.
Adaptive, fundamental, and synchronous solutions to improve the effectiveness of attracting FDI

Adaptive, fundamental, and synchronous solutions to improve the effectiveness of attracting FDI

VCN - Mr. Le Huu Quang Huy, Member of the Inter-Branch Executive Committee of Vietnam Industrial Park Finance Association (VIPF), Vice Chairman of the Board of Members of the International Investment Study Institute (ISC) had an interview with Customs Magazine reporters about the FDI attraction situation.

Latest News

"Huge" drug lines and new disguise tricks

"Huge" drug lines and new disguise tricks

VCN - The subjects placed blenders, welding machines, presses, and empty battery cases from China to Vietnam for the purpose of storing drugs that are ground into powder in compressed battery cases and welding the lids at both ends to create finished products to disguise and not to be detected by the Customs screening department when exported.
An Giang Customs collects over VND 3 billion in tax debt

An Giang Customs collects over VND 3 billion in tax debt

VCN- In March 2024, An Giang Customs Department collected more than VND3 billion in tax debt.
Noi Bai Customs: dealing with to drug crimes using high technology

Noi Bai Customs: dealing with to drug crimes using high technology

VCN - The tricks that trafficker use to illegally transport drugs via air and express delivery are increasingly sophisticated, complex, and constantly changing to bypass the Customs and management authorities.
Drastically suppress smuggling activities at sea

Drastically suppress smuggling activities at sea

VCN - Since the beginning of 2024, the Command of Coast Guard has implemented measures and promptly established a specialized project to fight against criminals, and criminal lines at sea.

More News

Proposal to prosecute 7 subjects involved in trading illegal cigarettes on a large-scale

Proposal to prosecute 7 subjects involved in trading illegal cigarettes on a large-scale

VCN - Led by Chau Ngoc Anh Khoa, the subjects in the ring traded smuggled cigarettes and made a transaction of smuggled cigarettes with total amount of up to hundreds of billions of dong.
Expand investigation for two smuggling cases

Expand investigation for two smuggling cases

VCN – The Anti-Smuggling and Investigation Department under the General Department of Vietnam Customs has prosecuted 55 illegal imported shipments of used machinery, equipment, and technological lines.
Enhance the exchange of information on drug-related crime prevention and control

Enhance the exchange of information on drug-related crime prevention and control

VCN - The Anti-Smuggling and Investigation Department (General Department of Vietnam Customs) chaired and held a conference to exchange information between agencies specialized in preventing and combating drug-related crimes at the central level in the first quarter of 2024.
Tinh Bien Customs seizes a large volume of unknown origin goods

Tinh Bien Customs seizes a large volume of unknown origin goods

VCN – The working group of forces for Anti-smuggling, trade fraud and counterfeit goods of Tinh Bien town detected a large volume of infringing goods during inspecting a truck moving in Tinh Bien border area.
Cau Treo Customs seizes 77 kg of fireworks

Cau Treo Customs seizes 77 kg of fireworks

VCN – Cau Treo International Border Gate Customs Branch and Ha Tinh Border Guard have arrested a suspect for illegally transport of 77 kg of fireworks across the border gate.
Counterfeit goods and intellectual property rights infringement still continue

Counterfeit goods and intellectual property rights infringement still continue

VCN - Violations of counterfeit goods and goods infringing intellectual property rights (IP) still continue, affecting the legitimate rights and interests of consumers and rights holders, causing consumers to misunderstand, reduces the reputation of genuine manufacturers and traders.
The gold jewelry market is in a stir

The gold jewelry market is in a stir

VCN - Many gold trading enterprises in the domestic market have been unexpectedly inspected by the Market Surveillance force, thereby discovering many violations in gold trading, contributing to stabilizing the gold market.
What is ivory used for?

What is ivory used for?

VCN - The smuggling of ivory to Vietnam is still complicated when many large-scale smuggling cases have been discovered and arrested by the Customs authorities. The question is what is ivory used for and does it really bring miracles as many people think?
Exposing the sophisticated smuggling tricks of 2 female passengers

Exposing the sophisticated smuggling tricks of 2 female passengers

Customs authorities did not detect any infringing goods by checking the suspected subjects' checked luggage and carry-on luggage. However, as soon as the examination began, the subject burst into tears...
Read More

Your care

Latest Most read
"Huge" drug lines and new disguise tricks

"Huge" drug lines and new disguise tricks

VCN - The subjects placed blenders, welding machines, presses, and empty battery cases from China to Vietnam for the purpose of storing drugs that are ground into powder in compressed battery cases and welding the lids at both ends to create finished prod
An Giang Customs collects over VND 3 billion in tax debt

An Giang Customs collects over VND 3 billion in tax debt

VCN - The department said that the department collected over 3.1 billion in 90-day overdue tax debt in March of a local company.
Noi Bai Customs: dealing with to drug crimes using high technology

Noi Bai Customs: dealing with to drug crimes using high technology

VCN - The tricks that trafficker use to illegally transport drugs via air and express delivery are increasingly sophisticated, complex, and constantly changing to bypass the Customs and management authorities.
Drastically suppress smuggling activities at sea

Drastically suppress smuggling activities at sea

Since the beginning of 2024, the Command of Coast Guard has implemented measures and promptly established a specialized project to fight against criminals, and criminal lines at sea.
Proposal to prosecute 7 subjects involved in trading illegal cigarettes on a large-scale

Proposal to prosecute 7 subjects involved in trading illegal cigarettes on a large-scale

Led by Chau Ngoc Anh Khoa, the subjects in the ring traded smuggled cigarettes and made a transaction of smuggled cigarettes with a total amount of hundreds of billions of dong.
Mobile Version