China confiscates millions of dollars of graphics cards: Prices may skyrocket!

US-based Radeon graphics card manufacturer XFX, in chinese customs got him in big trouble. Realizing that the graphics cards were imported illegally, the Chinese authorities 5840 XFX Radeons seized the video card.

China’s social media platform on Weibo According to the videos that emerged, the price tags on the containers of thousands of graphics cards of the XFX brand were incorrectly written. In the statement made from the account of the Chinese customs administration, XFX’s customs duty He allegedly wanted to flee.

China did not pass the $ 3 million XFX Radeon graphics card

Customs inspectors at Huanggang Port in Shenzhen noticed that a shipment of XFX’s purported graphics cards contained incorrectly labeled boxes. Radeon RX 6700XT Employees examining the boxes of different models, including3 million dollars) revealed.

XFX has made an unsuccessful attempt to lower the customs duty it has to pay to the Chinese government, according to a statement made by the Chinese customs administration on Weibo. Chinese news site MyDrivers, in addition to evading import duty, From XFX’s crypto miners He claimed that the graphics cards he bought had the potential to sell them as new products.

After the Chinese customs confiscated the graphics cards, XFX China website and Chinese shopping platform Tmall It was noticed that the store was closed. Customs inspectors to check for further irregularities XFX’s stocks in China It may have started to control.

It is currently not possible to determine whether the XFX brand was involved in the customs fraud, but officials are considering this possibility. As MyDrivers points out, this method has been used by other vendors in the past to reduce export cost, offer lower priced models, and evade taxes.

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