By Jim Boyce

ASC Fine Wines has released a statement about inquiries into the company by Chinese customs. The obvious question: what is meant by ASC being with Customs staff “now”. I have talked to numerous wine importers about this investigation and will have details later this afternoon. Here is a copy of the statement, sent to me a few minutes ago:

To the Valued Customers and Suppliers of ASC Fine Wines:

As our valued business partners, we feel it is important to inform you about industry wide inquiries recently initiated by the Chinese Customs Bureau into the import declarations that has involved ASC Fine Wines. We firmly believe that this situation is either a misunderstanding or merely a routine industry by industry review of import practices.

ASC is cooperating fully and Managing Partner, Don St. Pierre Jr. and VP, Ms. Carrie Xuan are with Customs’’ inquiries personnel now. It is important to note that the value of ASC’s imported wine declarations under review is approximately 1.5 days business for ASC.

We expect a swift and mutually satisfactory resolution to this issue and note that ASC’s country wide business of importing and selling wine continues without interruption now.

Thank you for your continued support.

Sincerely,
Don St. Pierre, Sr.
Chairman, ASC Fine Wines

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