Core Viewpoint - The article discusses the administrative penalty imposed on Wuxi Best Precision Machinery Co., Ltd. for violating customs regulations, specifically related to false declarations in import customs declarations [1][3]. Group 1: Company Information - Wuxi Best Precision Machinery Co., Ltd. is a high-tech enterprise in Jiangsu Province, established in May 1997. The company specializes in the research, production, and sales of various precision components and tooling fixtures [12]. - The main products of the company include precision shaft components, turbine compressor impellers, and intermediate shells for turbochargers, supplying Wuxi Shibo Turbocharger Co., Ltd. [12]. - The company was listed on the Shenzhen Stock Exchange in 2017 under the stock code Best (300580) [14]. Group 2: Regulatory Actions - The customs authority issued an administrative penalty of RMB 10,000 for the false declaration of goods in 16 customs declarations made between May 5, 2023, and March 26, 2025 [3][8]. - The company declared a total of 1,201,246 items of goods, with discrepancies in the declared product codes and tax amounts, leading to a tax liability of RMB 737,506.83, of which RMB 68,591.25 was due [3][5]. - The customs authority found that the company admitted to the violations and accepted the penalties, while no penalties were imposed for other declarations made between July 5, 2022, and March 21, 2023 [7][9].