Seafood News Supply & Trade

Chinese authorities arrest 50 for tariff evasion

World Headlines Southeast Asia aquaculture needs... Washington state approves seafood... Price increases are good and bad... Marine Harvest agrees to tougher... High Liner invests USD 6m in US... Tri Marine: Rule changes won’t... Vietnam seafood exports show signs... Voluntary recall targets... Cermaq gives up Copeinca bid From farm to plate, every fish... Copper River sockeye harvest falls... Sainsbury's admit Scottish salmon... Adak Seafood assets up for grabs Omega Protein christens two new... NGO reports Sainsbury’s to...

By SeafoodSource staff
17 April, 2012 - FIFTY suspects have been detained, accused of avoiding CNY 73 million (USD 11.57 million) in tariffs by declaring foreign seafood at artificially low prices, customs authorities said yesterday.

The Shanghai Customs said the 50 were able to pay less money to the customhouse by declaring the lower prices, which dropped the wholesale price of the fish by 35 percent to 50 percent.

Despite an increasing price on the international market, the declaration prices of some popular foreign seafood remained unchanged in 2010 and last year, which aroused the attention of customs officers, who start keeping a close eye on the fishery industry.

Last November, Shanghai Customs suspected a ring engaging in the low-balling practice and began investigating.

“We found the real prices of the imported marine products after analyzing more than 200,000 data copies,” an investigator told reporters at a news briefing yesterday.

Click here to read the full story from the Shanghai Daily >

| Printer Friendly Version | Back to home »