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Fines of over VND500 million from imported supplemental foods

By Le Thu/Ngoc Loan

By Le Thu/Ngoc Loan

See the author's posts
09:15 | 28/08/2022 Anti-Smuggling Follow english.haiquanonline.com.vn on
VCN – The Customs has collected and fined over VND500 million in taxes for a company after inspecting five shipments of supplemental foods.
Lang Son Customs collects about VND4 billion from administrative fines Lang Son Customs collects about VND4 billion from administrative fines
Handling administrative fines if failing to declare and pay VAT at the time of on-spot import Handling administrative fines if failing to declare and pay VAT at the time of on-spot import
Lang Son Customs fines 282 violations in four months Lang Son Customs fines 282 violations in four months
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.

By Le Thu/Ngoc Loan
Tags:
customs import fine goods tax

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