Customs Today
  • Home
  • Islamabad
  • Karachi
  • Lahore
  • National
  • Transfers and Postings
  • Chambers & Associations
  • Business
No Result
View All Result
Customs Today
  • Home
  • Islamabad
  • Karachi
  • Lahore
  • National
  • Transfers and Postings
  • Chambers & Associations
  • Business
No Result
View All Result
Customs Today
No Result
View All Result
Home Latest News

Chinese Customs to auction 100,000 bottles of confiscated wines online

byCT Report
18/10/2016
in Latest News
Share on FacebookShare on Twitter

SHANTOU: Shantou Customs of Guangdong province is auctioning off 82,215 bottles of wines later this week on JD.com, one of China’s biggest online shopping platforms. The wines are expected to fetch a minimum of three million RMB (370,000 GBP).

Photos show that the wines include Bordeaux wines with badly damaged labels. There was no suggestion that the wines themselves were faulty.

You might also like

Punjab revises property valuation rates to attract UAE & Gulf investors

05/05/2026

PTBA urges FBR to halt default surcharge on Super Tax amid legal concerns

05/05/2026

On the same platform, Xiamen Customs of Fujian province is auctioning 19,349 bottles of Australian wines. It expects to get a minimum of 1.8m RMB (220,000 GBP).

It is a common practice for Chinese Customs to auction most of its confiscated goods and hand in the profits to the national treasury.

Many of the local customs in cities include Dalian (Liaoning), Huangpu (Guangdong province), Nanning (Guangxi), Ningbo (Zhejiang) and Chengdu (Sichuan) set up online auction channels with either JD.com or Alibaba’s Taobao.com since the end of last year, selling various confiscated products including cars and industrial materials.

The move marks the latest attempt of Chinese customs to make its auctioning process on confiscated products transparent while reducing the costs.

The wines being auctioned by the Shantou Customs were ‘confiscated legally’ by the local authorities, said the official statement.

The photos from the local Customs showed that many of these wines have seriously damaged labels, though no details were disclosed by the local authority about the source of these wines.

Any individual ‘with full capacity for civil conduct’, legal person or organisation willing to pay a 1m deposit can take part in this online auction.

Those interested were given two days beforehand to examine the products, according to the local customs’ online statement.

 

Related Stories

Punjab revises property valuation rates to attract UAE & Gulf investors

byCT Report
05/05/2026

LAHORE: The Punjab government has started revising property valuation rates across multiple districts in an effort to attract foreign investment,...

PTBA urges FBR to halt default surcharge on Super Tax amid legal concerns

byCT Report
05/05/2026

LAHORE: The Pakistan Tax Bar Association (PTBA) has urged the Federal Board of Revenue (FBR) to immediately instruct its field...

FTO dismisses Rs70m tax evasion complaint

byCT Report
05/05/2026

LAHORE: The Federal Tax Ombudsman (FTO) has dismissed a complaint involving alleged tax evasion of over Rs70 million, reiterating that...

FBR waives penalties on Rs8.77b tax liability of PIA

byCT Report
05/05/2026

ISLAMABAD: The Federal Board of Revenue (FBR) has announced a waiver of penalties and default surcharge on tax liabilities amounting...

Next Post

Textile exporters must get maximum benefit from ‘zero-rating’

  • Terms and Conditions
  • Disclaimer

© 2011 Customs Today -World's first newspaper on customs. Customs Today.

No Result
View All Result
  • Transfers and Postings
  • Latest News
  • Karachi
  • Islamabad
  • Lahore
  • National
  • Chambers & Associations
  • Business
  • About Us

© 2011 Customs Today -World's first newspaper on customs. Customs Today.