Nostalgia 4th Gear June 2, 2016 Share June 2, 2016 (edited) I wonder if any of the 'savings' went toward a lower purchase price for the buyers! http://www.channelnewsasia.com/news/singapore/4-weeks-jail-fine-for/2838302.html 4 weeks’ jail, fine for parallel importer who under-declared car values Ang Wee Tat Vida, 35, the manager of Dream Auto, was sentenced to four weeks' jail and fined nearly S$600,000 for under-declaring the values of 47 imported cars. Edited June 2, 2016 by Nostalgia ↡ Advertisement Link to post Share on other sites More sharing options...
Atrecord Supersonic June 2, 2016 Share June 2, 2016 I wonder if any of the 'savings' went toward a lower purchase price for the buyers! http://www.channelnewsasia.com/news/singapore/4-weeks-jail-fine-for/2838302.html 4 weeks’ jail, fine for parallel importer who under-declared car values Ang Wee Tat Vida, 35, the manager of Dream Auto, was sentenced to four weeks' jail and fined nearly S$600,000 for under-declaring the values of 47 imported cars. Didn't mention what cars were involved. The owners of the cars involved will benefit from this saga, as the OMV will be correctly reinstated, and the PARF of the cars will then increase. Link to post Share on other sites More sharing options...
Vratenza Supersonic June 2, 2016 Share June 2, 2016 (edited) Between January 2012 and June 2013, Ang submitted to Singapore Customs the incomplete or fictitious invoices for 47 cars. The total duty, GST and ARF evaded amounted to more than S$74,000, S$31,000, and S$370,000, respectively. For evading duty and GST on the importation of goods, Ang could have been jailed up to two years and fined up to 20 times the amount of tax evaded. For providing incorrect information affecting the amount of tax chargeable on the registration of a vehicle, he could have been fined up to S$10,000 and jailed for up to six months. Why the sentence so lenient...the penalty can be up to 20 times the amount evaded. Now only fined 600K? where is the deterrent effect? Edited June 2, 2016 by Vratenza Link to post Share on other sites More sharing options...
Celicar Turbocharged June 2, 2016 Share June 2, 2016 Why the sentence so lenient...the penalty can be up to 20 times the amount evaded. Now only fined 600K? where is the deterrent effect? Offence is for under declaring, so also under sentence. Under stand? 4 Link to post Share on other sites More sharing options...
Vratenza Supersonic June 2, 2016 Share June 2, 2016 Erm... not really..explain? Offence is for under declaring, so also under sentence. Under stand? Link to post Share on other sites More sharing options...
Watwheels Supersonic June 2, 2016 Share June 2, 2016 Why the sentence so lenient...the penalty can be up to 20 times the amount evaded. Now only fined 600K? where is the deterrent effect? Yalor. After two years jail, freed, setup another company. Can chut pattern again but this time dunno sell what. Velcome to Singapore. Link to post Share on other sites More sharing options...
Apple-Tree 6th Gear June 2, 2016 Share June 2, 2016 No leh ........ the 47 Cars owner , will have to top up the difference in assessment of OMV. The 600K is fine - 20 times the difference in declared value, and it is 2 different thing all together lor..... The offender usually declare no money to pay 600K, goto jail extended play for another 2 years. Didn't mention what cars were involved. The owners of the cars involved will benefit from this saga, as the OMV will be correctly reinstated, and the PARF of the cars will then increase. Cannot register a business or company if you have criminal record. Yalor. After two years jail, freed, setup another company. Can chut pattern again but this time dunno sell what. Velcome to Singapore. Link to post Share on other sites More sharing options...
Atrecord Supersonic June 2, 2016 Share June 2, 2016 No leh ........ the 47 Cars owner , will have to top up the difference in assessment of OMV. The 600K is fine - 20 times the difference in declared value, and it is 2 different thing all together lor..... The offender usually declare no money to pay 600K, goto jail extended play for another 2 years. Unless the rules have changed in the last 15 yr, the owners will stand to benefit. The one declaring (the importer) is the one who faces the music - top up difference in OMV, pay the un/under-declared taxes, and gets punished. The owner at the time will just received a letter from LTA to inform that the OMV of the vehicle has been adjusted upwards (e.g. from original $15,000 changed to $21,000). That was what happened to an ex-colleague who just bought a second-hand Audi. It helped somewhat becos he just spent a few thousand $ to replace the gearbox... Link to post Share on other sites More sharing options...
Apple-Tree 6th Gear June 2, 2016 Share June 2, 2016 There is a landmark ruling in sometime 2009, the importer no money to pay. So the current owner end up paying lor ...... someone will have to pay for it policy. Probably if AD caught, then they also have the money to topup ba ...... Audi from Audi Das Auto ? Unless the rules have changed in the last 15 yr, the owners will stand to benefit. The one declaring (the importer) is the one who faces the music - top up difference in OMV, pay the un/under-declared taxes, and gets punished. The owner at the time will just received a letter from LTA to inform that the OMV of the vehicle has been adjusted upwards (e.g. from original $15,000 changed to $21,000). That was what happened to an ex-colleague who just bought a second-hand Audi. It helped somewhat becos he just spent a few thousand $ to replace the gearbox... Link to post Share on other sites More sharing options...
Atrecord Supersonic June 2, 2016 Share June 2, 2016 There is a landmark ruling in sometime 2009, the importer no money to pay. So the current owner end up paying lor ...... someone will have to pay for it policy. Probably if AD caught, then they also have the money to topup ba ...... Audi from Audi Das Auto ? Wah really?? If importer no $$ to pay, then close shop bankrupt, should be govt LL mah… how can force owners to pay? Owners are likely to be innocent and ignorant that the importer cheated the govt leh... Yup, it was from AD, but not sure which one (whether it's Das Auto). Heard about the case and LTA imposed a big fine. The AD had to pay up lor. Link to post Share on other sites More sharing options...
Vratenza Supersonic June 2, 2016 Share June 2, 2016 No stopping his sisters, brothers, grandfather, grandmother, phantom directors from registering with ACRA..... Cannot register a business or company if you have criminal record. Link to post Share on other sites More sharing options...
Baal Supersonic June 2, 2016 Share June 2, 2016 Offence is for under declaring, so also under sentence. Under stand?Lol. How appropriate ! 1 Link to post Share on other sites More sharing options...
Apple-Tree 6th Gear June 2, 2016 Share June 2, 2016 Oh, the 朝亭 have that figure out already, even before independence. The agencies reserved the rights to deny the registration of business entity. Without the need to give any valid reason(s). For example. Try register Lee Kuan Yew Trading Pte Ltd ............sure reject But hor, according to ACRA Handbook, reserved names like Temasek, Singapore, Singapura, Raffles, National, Jurong .... etc cannot be part or whole of the registering enity name lor .............. But no Lee Kuan Yew mentioned what ? Try to get your neighbour to register, very hard to trace. There are also Professional Tau Pek Kong and Commissioner of Oath Services available. But again, you cannot register name like Daylight R Trading Pte. Ltd with them. Not sure about Broad Daylight R Trading Pte. Ltd. No stopping his sisters, brothers, grandfather, grandmother, phantom directors from registering with ACRA..... Link to post Share on other sites More sharing options...
TQaR 2nd Gear June 2, 2016 Share June 2, 2016 Cannot register a business or company if you have criminal record. he'll get his wife/mother/father/son/daughter someone else to open the business la.. happens already! Link to post Share on other sites More sharing options...
Vratenza Supersonic June 2, 2016 Share June 2, 2016 LOL....now then I see the ...... damn dense lah me... slap ownself Lol. How appropriate ! ↡ Advertisement 2 Link to post Share on other sites More sharing options...
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