A retailer of branded handbags and wallets has been fined $190,000, or 11 months and 240 days of imprisonment in default, for his fraudulent evasion of Goods and Services Tax (GST).
According to a statement released by the Singapore Customs, Yu Chung Tan, 47, a partner of LovethatBag LLP, imported 2,338 branded handbags by parcel post a total of 41 times between October 2011 and October 2013.
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