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Sanjiang Shopping Club Co Ltd Receives Administrative Penalty Decision

Friday, 3 May 2013 08:00pm EDT 

Sanjiang Shopping Club Co Ltd announced that its Fresh Food Department has received an administrative penalty decision from Nongbo Customs District, People's Republic of China, on May 2, 2013, according to which the department was required to pay RMB 5,939,195 for its smuggled goods as administrative penalties, due to the department's violation of Customs Law of the People's Republic of China and Regulation of the People's Republic of China on the Implementation of the Customs Administrative Punishment, by providing lower price for imported fruit including durian and pitaya than actual to evade customs control during July 2010 to June 2011. The Company will pay the penalties instead of the department, which cannot fulfill the penalty. 

Company Quote

-0.09 -1.16%
2:59am EDT