Gongbei Customs Cracked A Case Of Bonded Cotton Smuggling Involving 300 Million Yuan

According to Gongbei customs, in the second half of 2014, according to the clues provided by the risk management department, the smuggling Bureau grasps the key evidence of smuggling Gang after careful investigation.

In November 26th, the Bureau dispatched 40 capable police officers to conduct a unified investigation and operation in Enping, Zhuhai and other places in Guangdong, and seized a number of material evidence and documentary evidence of illegal pactions, such as accounting documents, cargo lists, sales records, and seized suspected smuggling.

527.36 tons.

On the same day, the Bureau formally investigated the case and took criminal coercive measures against the 9 persons involved.

It has been found that the companies involved have been processing trade for many times since August 2010.

Most of its imported cotton products, cotton yarn, have been sold illegally in China.

To defraud imported cotton.

To cancel the balance between raw materials and finished products exported from processing trade, the suspect Huang and Wu colluded, and declared a small number of "props and cotton yarns" to export to a trading company in Hongkong by means of processing trade finished goods, and then imported them from the company in a general trade way, and then repeatedly imported and exported "props and cotton yarns" 10700 tons. These repeated imports and exports of "props and cotton yarns" converted into 14000 tons of cotton.

The tariff rate of general trade imported cotton yarn is only 5%. The cost of imported props and cotton yarns is negligible in the huge profits of smuggling.

This is a case of smuggling committed by a large Gang using the processing trade manual and selling cotton bonded cotton without authorization.

In recent years, China has implemented tariff quota management for the import of cotton and other agricultural products, and the tariff rate of general trade import cotton quotas is 40%. The company has adopted the processing trade mode to import cotton illegally, without the permission of the customs and without paying cotton extra tax, selling the finished cotton yarn without authorization, evading Customs supervision, evading the imported cotton tax, and obtaining illegal profits, which constitutes a smuggling crime.

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A few days ago, the China cotton price index (CCIndex) annual report released by the China Cotton Association pointed out that before the end of March, China's cotton price index (CCIndex3128B) remained stable, about 19500 yuan / ton under the support of the temporary purchasing and storage policy.

After the end of the purchase and storage, the reserve price of the reserve cotton sale was adjusted from 18000 yuan / ton to 17250 yuan / ton, which led to a slow decline after May.

In the late November, the cotton spot price returned to a downward trend with the new cotton coming on the market in late 12. At the end of the month, it stabilized at 13600 yuan / ton, and closed at 13605 yuan / ton at the end of the year, falling 5929 yuan, or 30.4%, in the whole year.

For the domestic cotton spot prices showed a downward trend all year round, the annual report summarized as "affected by policy adjustment, the price of cotton reserves dropped, domestic and foreign demand is not strong."

"The policy of purchasing and storage has been liberalized and the target price policy has been implemented. The original contradictions of the industry are gradually reflected. The drop in cotton prices is a rational drop."

Sun Liwu told reporters analysis.

Although there is a corresponding subsidy policy, it also affects the enthusiasm of cotton growers in planting new cotton.

According to information released recently by the China Cotton Association, according to the survey of cotton planting intentions in January, the average planting intention in the whole country dropped by 25.4%.

The enthusiasm of cotton growers is not high, and the profit of planting cotton is very low.

Sun Liwu pointed out that in the 2013/2014 cotton production season, the average profit of cotton growers per mu was 430~470 yuan, and the profit level was very low, which was "less than the income of other crops".