Customs Foil Attempt To Smuggle Goods Worth HK$160mn

"); jQuery("#212 h3").html("

"); });
2022-05-02 HKT 13:28
Customs officials said on Monday they'd foiled an attempt to smuggle electronic goods worth HK$160 million to the mainland using a river trade vessel.
Officers said they stopped the boat bound for the mainland in western waters off Hong Kong on April 21 after intelligence suggested the vessel often travelled to the territory in the early hours and stopped briefly.
After X-ray examinations, officers found three out of the 55 containers on board that were said to be carrying LCD glass panels suspicious, and on further inspection found undeclared goods such as computer components, musical accessories and audio equipment in the middle and inner parts of the containers.
"We found the goods near the doors of the containers were LCD glass panels and monitors that were made in China. Why were these made in China products being shipped back to the mainland using a river trade vessel?" asked Wong Ching-fu from Customs' Syndicate Crimes Investigation Bureau.
"We believe the smugglers used these LCD monitors as a disguise to try to avoid our inspection," he added.
Officers said if the smugglers had managed to take the goods to the mainland, they would be able to evade tax worth HK$90 million.
A woman, 69, was arrested in connection with the case.
TOPPAN Edge Becomes Japans First Qualified VLEI Issuer
The Global Legal Entity Identifier Foundation (GLEIF) has announced TOPPAN Edge, a subsidiary of TOPPAN Holdings that p... Read more
SFC And Dubais DFSA Partner On Cross-Border Regulatory Cooperation
The Dubai Financial Services Authority (DFSA), the independent regulator of the Dubai International Financial Centre (D... Read more
Toss To Launch Finance Super-App In Australia, Plans Won-Based Stablecoin
South Korea’s fintech unicorn Toss is preparing to launch its finance super-app in Australia before the end of this y... Read more
China Funds Research On Stablecoins And Cross-Border Oversight
China’s largest government-backed research funder has begun accepting applications for studies on stablecoins and the... Read more
XTransfer, CZBank Shanghai Branch Form Cross-Border Finance Partnership
XTransfer has entered into a partnership with the Shanghai branch of China Zheshang Bank (CZBank). The agreement was si... Read more
Brinc Launches VentureVerse Through Acquisition Of OG Club
Brinc, a Hong Kong-based venture acceleration and corporate innovation firm, has acquired OG Club, a decentralised auto... Read more