SINGAPORE: A company director has been fined S$50,000 for evading Goods and Services Tax on shipments of LED flashlights and other accessories, Singapore Customs said on Friday .
The value of the goods for one of the shipments was declared as less than S$400. But the actual value was more than S$23,300, with GST payable at S$1,633.55, said Singapore Customs in a media release. "He also made an incorrect declaration of the value for a shipment of monoculars and optical telescopes."
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