Company caught with evading taxes

Company caught with evading taxes

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An unnamed company have been accused of falsely declaring goods worth 32 million yuan, thus evading taxes of roughly 3.3 million yuan.

The said company deals with local refrigeration equipment imported batches of branded components for more than three years worth 24 million yuan but only declared the value 14 million yuan.

Huanggang checkpoint noticed that the company have been frequently importing parts of the same brand with low declared value, and noticed that some importers also import the same parts but was declared in a much higher value. This prompted an investigation that the supplier is from a Hong Kong Company. Further investigation lead to the discovery of the company as a fake.

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