Hong Kong Customs has uncovered a gold bullion smuggling case at Hong Kong International Airport.
On March 25, approximately 145 kilograms of gold bullion were discovered at the customs cargo inspection area within 14 packages declared as Japan-bound plastic luggage in cardboard boxes. The estimated market value is around 110 million Hong Kong dollars, marking the largest seizure in terms of quantity and market value for gold smuggling cases intercepted by Hong Kong Customs. Investigations are ongoing.
By bringing gold purchased tax-free in Hong Kong into Japan without declaration, sellers can gain a tax margin by selling domestically where consumption tax can be recovered. Due to rising gold prices and other factors, such incidents have increased.
In Hong Kong, undeclared import and export of goods can result in a maximum fine of 2 million US dollars and a maximum imprisonment of 7 years.
Notice
This article was generated using automatic translation by GPT-4 API. The translation may not be accurate.
