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Singapore Customs Levies $434,000 Fine for False Statements and Declarations

Friday, August 21, 2015
Sandler, Travis & Rosenberg Trade Report

Singapore Customs recently sentenced a company director to a $434,000 fine for submitting false statements and declarations in applications for back-to-back certificates of origin and import and export permits. A back-to-back CO is issued by Singapore Customs for exports of goods that originated from other countries.

According to an agency press release, investigations revealed that the director imported boxes of zippers and sliders from China and subsequently reexported them to various countries in Europe while falsely declaring their country of origin to be Indonesia when applying for export permits. He also used COs not meant for his goods to apply to Singapore Customs for back-to-back COs that indicated Indonesia as the country of origin and thus qualified the goods for lower tariffs under the European Union’s Generalized System of Preferences.

Singapore Customs states that anyone found guilty of making a false statement under the Regulation of Imports and Exports Regulations, on the first conviction, will be liable for a fine not exceeding $100,000 or three times the value of the goods at issue, whichever is greater; imprisonment for up to two years; or both.

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