Revealed: Big challenge faced by Indian industry
Chennai: “The illicit market for fake and smuggled products is one of the biggest challenges faced by Indian industry,” ADGP, Crime Branch CID, Tamilnadu, K Jayanth Murali stated at a seminar on Combating Counterfeiting and Smuggling – An Imperative to Accelerate Economic Development organised by FICCI CASCADE (Committee Against Smuggling and Counterfeiting Activities Destroying the Economy) on Tuesday.
The seminar discussed the importance of increased awareness on the hazards of counterfeiting and smuggling, and the need for effective enforcement to enhance India’s economic development.
Jayanth Murali said, “The illicit market for fake and smuggled products is one of the biggest challenges faced by Indian industry. In India, the issue of fake currency is also a serious problem as it is lucrative, offering higher returns. India has porous borders with countries like Nepal and Bangladesh which gives smugglers good opportunity to smuggle products into India. China is also posing a serious threat to India on this issue.”
https://www.newstodaynet.com/index.php/2018/03/28/revealed-big-challenge-faced-by-indian-industry/
Lear MoreFICCI raises awareness on smuggled and counterfeit goods by organizing seminars nationally
Delhi: FICCI CASCADE (Committee Against Smuggling and Counterfeiting Activities Destroying the Economy) an industry body working on addressing the issue smuggled and counterfeit goods in the country is organzing large-scale awareness programmes nationally involving the government and other agencies to fight the menace of illicit trade. As part of the awareness campaign, it has lined up a slew of activities, including seminars, youth and consumer sensitization programs, capacity building of enforcement officials in different states including Kerala, Tamil Nadu, Delhi, Karnataka, Jammu & Kashmir etc. Today, FICCI CASCADE organized a seminar on ‘Combating Counterfeiting and Smuggling – An Imperative to Accelerate Economic Development’ with representation from enforcement agencies and policy makers of Tamil Nadu Government.
FICCI also highlighted incidents of increasing number of seizures especially for products lie Gold, Cigarettes, Machinery Parts, Fabric/Silk Yarn and Electronic Items that has witnessed the highest number of DRI seizures in the past few years. The number of incidents of smuggling of cigarettes & tobacco products in India has increased by 136%* from 1312 cases in 2014-15 to 3108 cases in 2016-17.
Lear MoreSmuggled goods spike industry losses by 44%.
NEW DELHI: The market for contraband and smuggled goods is thriving in India and is one of the biggest challenges faced by Indian industry. As per FICCI CASCADE report, total loss to the government on account of illicit markets in just seven manufacturing sectors was Rs 39,239 crore in 2014.
The maximum revenue loss to the exchequer on account of counterfeiting and illicit trade is attributed to tobacco products, estimating a revenue loss of Rs 9,139 crore followed by mobile phones at Rs 6,705 crore and alcoholic beverages at Rs 6,309 crore.
The estimated loss to the industry in just seven industry sectors is Rs 1,05,381 crore, an increase of 44.4% between 2011-12 to 2013-14.
http://www.tribuneindia.com/news/business/smuggled-goods-spike-industry-losses-by-44/564555.html
Lear MoreFICCI meet highlights menace of counterfeit products
The menace posed by counterfeit products such as auto parts and packaged foods was highlighted at a seminar on combating duplicates of popular brands held here today.
Speakers at the event discussed various aspects of the counterfeit problem, including the government incurring losses running into thousands of crores, apart from health hazards.
The meet – ‘Combating Counterfeiting and Smuggling An Imperative to Accelerate Economic Development’ was organised by Federation of Indian Chamber of Commerce and Industry’s (FICCI) Committee Against Smuggling and Counterfeiting Activities Destroying the Economy (CASCADE).
Advisor, FICCI, CASCADE, P C Jha said the estimated loss to the industry in sectors including alcoholic beverages, auto components, computer hardware, FMCG packaged foods and FMCG personal goods, mobile phones and tobacco had increased by Rs 32,412 crore between 2011-’12 to 2013-’14.
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Incidents of cigarettes, tobacco smuggling jump 136% in 2 yrs: FICCI
Incidents of cigarettes and tobacco products smuggling in India increased by 136 per cent in 2016-17 from 2014-15, according to a report by FICCI CASCADE.
The number of incidents of smuggling of cigarettes and tobacco products increased to to 3,108 cases in 2016-17 from 1,312 cases in 2014-15, it added.
FICCI CASCADE, an industry body working on addressing the issue of illicit trade activities in India, also said that while there is an increase in vigilance by enforcement agencies, seizures were only the tip of the iceberg of a much larger and threatening operation in illegal trade in the country.
Maximum revenue loss to the exchequer came from illicit trade of tobacco products, mobile phones, alcoholic beverages, it said. The report said the total loss to the government on account of illicit trade in just seven manufacturing sectors was Rs 392.39 billion in 2014.
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CBP seizes more than $1 million of counterfeit speakers at International Falls port
More than $1 million of counterfeit home theater speaker systems in a rail car headed for Ranier were seized in February by U.S. Customs and Border Protection officers.
CBP Office of Field Operations officers working at the International Falls Port of Entry targeted a rail container destined to arrive in Ranier. In February, CBP officers inspected the rail container and discovered merchandise in violation of intellectual property rights regulations.
The merchandise consisted of 480 home theater speaker systems. Examination of the speaker systems revealed counterfeit markings. The counterfeit merchandise has an aggregate manufacturer’s suggested retail price of $1.38 million.
“Counterfeiting adversely affects lawful rights holders of their original ideas and the ability to make a profit from them,” Anthony Jackson, International Falls port director, said in a news release. “Counterfeiting also harms consumers because manufacturers of forged products have little motivation to use safe, high-quality materials in their products.”
Lear MoreFICCI seeks amendment in Form 27 & patent law to facilitate commercialisation of patented product & ease of doing business.
The Federation of Indian Chambers of Commerce and Industry (FICCI) has urged the patent office to amend Form 27 and update Patent Rules in line with international best practices so as to befit emerging technological fields, make commercialization of patented invention more easier and facilitate ease of doing business.
Form 27 needs to be submitted by patentees under Section 146 (2) of The Patents Act, 1970 providing details of commercial working of a patent in India.
Said Dipankar Barkakati, additional director and head – IPR & FICCI CASCADE at FICCI, “Existing Form 27 requirement has become redundant, burdensome, hampers ease of doing business, makes commercialization of patented invention more difficult and is not aligned to international best practices. There is thus an urgent need to remove Section 146 (working statement requirement from statute book). While, such a change in the law may take some time, meanwhile, may we request patent office to consider updating the Patent Rules and amend ‘Form 27’ befitting the emerging technological fields.”
http://www.pharmabiz.com/NewsDetails.aspx?aid=108375&sid=1
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Four busts at IGI airport: Gold smuggling, now in fruit drink mixture
For the last two months, 30-year-old Sahansha had been desperately looking for an opportunity to return to his village in Rajasthan from Riyadh. He had landed in Abu Dhabi with high hopes, but had soon realised that he had been cheated on the pretext of a job.
Then he got an offer: He would get Rs 8,000 and a ticket to India, but would have to carry along a packet with a powdered fruit drink mixture. In reality, though, the packet contained 695 grams of gold — in the form of granules. Clueless, he landed in Delhi — only to be apprehended by Customs officials at the Indira Gandhi International Airport on Tuesday.
The seizure is one of four cases at IGI airport in the past month of gold granules being found inside such packets. “Gold granules mixed with fruit drink powder are hard to detect. Smugglers mix them in a way that it’s impossible to spot it with the naked eye. But customs officials segregate the two powders using sieves of different sizes, and detect it in an X-ray scanner,” a senior official said.
Lear More‘Tobacco, mobiles and booze are fast-moving duplicates’
Tobacco, mobile phones and alcoholic beverages are the three products, in that order, that figure in spurious/illicit trade the most, according to the FICCI Committee Against Smuggling and Counterfeiting Activities Destroying the Economy (CASCADE).
by FICCI as part of a nation-wide awareness campaign to highlight the growing menace of illegal trade activities in the district.
More than 150 students and consumers with candles in their hand and banners stating ‘Buy Genuine Not Smuggled’ participated in congregation in the city. Fr Titto Varghese, principal, Christ Nagar College and Savio Mathew, head FICCI Kerala State Council felicitated the campaign.
IGP Crime Branch S Sreejith was the chief guest. He congratulated FICCI CASCADE for taking the steps to enrol the youth in the fight against illegal trade such as smuggled and counterfeit goods. Sreejith said the activities involving illegal curbs economic independence and one must pledge to not use fake products. He said the fight against smuggling is a necessity in the larger interest of the nation’s economy.
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Candlelight Campaign Against Counterfeits
THIRUVANANTHAPURAM: Students of Christ Nagar College participated in a candlelight congregation, organised by FICCI as part of a nation-wide awareness campaign to highlight the growing menace of illegal trade activities in the district.
More than 150 students and consumers with candles in their hand and banners stating ‘Buy Genuine Not Smuggled’ participated in congregation in the city. Fr Titto Varghese, principal, Christ Nagar College and Savio Mathew, head FICCI Kerala State Council felicitated the campaign.
IGP Crime Branch S Sreejith was the chief guest. He congratulated FICCI CASCADE for taking the steps to enrol the youth in the fight against illegal trade such as smuggled and counterfeit goods. Sreejith said the activities involving illegal curbs economic independence and one must pledge to not use fake products. He said the fight against smuggling is a necessity in the larger interest of the nation’s economy.
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