Core Viewpoint - Xiamen Xiangyu Resources Co., Ltd. was fined 380,000 RMB for tax evasion related to the import of coal, highlighting compliance issues in customs declarations and tax obligations [3][4][6]. Group 1: Company Information - Xiamen Xiangyu Resources Co., Ltd. was established on August 1, 2018, and is a subsidiary of Xiamen Xiangyu Logistics Group Co., Ltd., which is part of the publicly listed company Xiamen Xiangyu (600057) [10]. - The company engages in various activities including the sale of metal ores, coal and its products, and international trade [12]. Group 2: Incident Details - The company imported a shipment of Russian coal, declaring it as lignite with a declared value of approximately 44.44 million RMB, but failed to pay 1.26 million RMB in taxes [5][6]. - The customs authorities found discrepancies between the declared product and the actual product, leading to the violation of the Customs Law of the People's Republic of China [4][5]. Group 3: Penalty and Compliance Actions - Following the discovery of the violation, the company voluntarily provided sufficient tax guarantees and applied for an automatic import license, which mitigated the severity of the penalty [6][7]. - The final administrative penalty imposed was a fine of 380,000 RMB, which the company must pay within 15 days of receiving the decision [7][8].