SINGAPORE - A sole director of a freight forwarding company was fined $4,419,000 and jailed eight months on Thursday for fraudulently evading goods and services tax on the import of goods and falsifying documents.
It found discrepancies in the cargo clearance permits - which are required by an importer to account for the import and tax payment of the goods - and got Singapore Customs' help to verify the GST amount paid by the importer. He photocopied the falsified invoices and provided them to a declaring agent in order to apply for the cargo clearance permits.
"Ho's actions resulted in the under-declaration of the values of the goods and under-payment of GST to Singapore Customs," said the government agency.
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