Singapore Auto Duty Crackdown March 13: Clement Lee Gets Over 9 Years
On 13 March, Singapore’s car trade saw a clear line drawn. In the Clement Lee duty evasion case, the Crownston Line director was found to have under-declared values on more than 2,500 car imports. Authorities said about S$5.2 million in duties were evaded, with an estimated S$39.1 million shortfall in Additional Registration Fee. After defaulting on a S$14 million fine, he will serve 112 months in jail. We explain what this Singapore Customs crackdown signals, and how it could affect importers, dealer margins, and used-car pricing.
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