Plans to boost luxury spending

The mainland is considering boosting domestic luxury spending by opening more duty-free shops in urban areas rather than cutting import tariffs on luxury goods.

Friday, 1 June, 2012, 12:00am

Duty-free shopping for all

Sanya has excelled in its role as the testing ground for the mainland's first duty-free policy. The Sanya Duty-Free Store sold 150,000 items to 47,000 customers in the first month after the new policy took effect on April 20.

28 Jun 2011 - 12:00am

8 arrested over wine duty scam

Three directors and five employees of an importer that allegedly failed to declare the full price of French red wine to evade about HK$300,000 in duty have been arrested.

The company undervalued the import price of the high-end wine - including bottles with a retail price of HK$10,000 each - by up to 40 per cent, according to a senior customs officer.

14 Aug 2007 - 12:00am

Catering industry calls for hefty cut in alcohol duty

The catering industry is urging the government to capitalise on the expected budget surplus in 2006-07 and slash alcohol taxes this year.

6 Feb 2007 - 12:00am

Customs seize large haul of illegal cigarettes

Updated at 6.23pm: Customs officers on Thursday seized 7.7 million sticks of illicit cigarettes, worth about $11.64 million and with a potential duty of $6.24 million.

A spokesman said on Friday this was the first re-export cigarette smuggling case in 2005.

11 Mar 2005 - 12:00am

950,000 cigarettes seized

Customs officers swooped on a lorry at a public car park in Yuen Long and seized 950,000 dutiable cigarettes with a market value of $1.25 million and duty payable of about $730,000. A senior Customs officer said a man, 43, arrested in connection with the seizure would be charged with dealing in goods under the Dutiable Commodities Ordinance.

18 Jan 2001 - 12:00am

Power sector advised to use locally made equipment

Foreign investors in the mainland's power sector should use local equipment and will pay import duties and VAT on imported equipment, Minister of Electric Power Shi Dazhen said yesterday.

23 Oct 1997 - 12:00am

Duty system review stays bottled up

THE prices of beer, wines and spirits will be determined by property prices, the cost of labour and even the British weather, now that the Government appears to have dropped a review of the alcohol duty system.

7 Mar 1996 - 12:00am

Customs raids

CUSTOMS officers seized 241,840 cigarettes with a duty potential of about $128,000 during a nine-hour, territory-wide operation yesterday. Fifteen people, aged from 14 to 66, were arrested and charged with offences under the Dutiable Commodities Ordinance.

19 Jan 1993 - 12:00am