Four arrested, 870,000 contraband cigarettes seized, in Dartmouth bust
The province of Nova Scotia is losing millions of dollars every year in tax revenue because of illegal cigarettes like those seized this week.
Service Nova Scotia announced Wednesday it had seized 870,000 contraband smokes following a seven-month investigation conducted with RCMP and Halifax Regional Police.
“This is certainly one of the larger seizures that we’ve made in the last three to four years,” Bernie Meagher, director of audit and enforcement for Service Nova Scotia said on Wednesday.
Deputy PM aims to curb fraud, smuggling
The deputy Prime Minister TrươngHòaBình pledged to take more resolute actions to strictly punish all violators, including Government officials who directly take part in or protect others engaged in smuggling, trade fraud and counterfeit goods. He highlighted remarkable achievements that the Government and authorities have made against the illegal activities
However, Bình said the domestic market was facing a more complicated expansion and increase in smuggling cases and trade fraud.
http://vietnamnews.vn/society/297555/deputy-pm-aims-to-curb-fraud-smuggling.html
Lear MoreTax evasion due to smuggling of foreign-made cigarettes
Mizoram Chief Minister Lal Thanhawla said that huge tax evasion was suspected due to the smuggling of foreign-made cigarettes to Mizoram and immediate action was required to put an end to it.
Thanhawla was quoted by anofficial statement as saying the smuggling of cigarettes from neighbouring countries are carried out in a “hawala-like racket”, the statement said.
The government, he said, has been contemplating hiking of taxes on cigarettes and other tobacco products.
http://www.easternmirrornagaland.com/tax-evasion-due-to-smuggling-of-foreign-made-cigarettes/
Lear MoreWarning issued over fake alcohol health risks
In recent years, Northern Ireland has developed a reputation as the counterfeit capital of the UK – and worryingly, fake alcohol forms part of this scene.
Today, the FSA in NI is warning of the harmful effects of fake alcohol and urging the food and drink industry to be aware of the signs of illegal produce.
FBR to unveil rules to check counterfeits’ trade
KARACHI: The Federal Board of Revenue is unveiling new intellectual property rights rules in order to curb trade of counterfeit products in the country. The rules will apply to goods meant for import or export to and from Pakistan, which infringe the intellectual property rights registered or protected in Pakistan relating to trademarks, copyrights, patents, industrial designs and lay-out designs of integrated circuits.
http://www.thenews.com.pk/print/123499-FBR-to-unveil-rules-to-check-counterfeits-trade
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Customs intercept smuggled generators, frozen poultry
The Headquarters Compliance Team, Ogun Axis, had intercepted a truck loaded with 1,533 cartons of smuggled generators. Similarly, the team in another operation intercepted a bus along the Sagamu-Ijebu-Ode Expressway, laden with 542 cartons of foreign frozen poultry products.
http://dailypost.ng/2016/05/29/customs-intercept-smuggled-generators-frozen-poultry/
Lear MoreHow to spot a fake Louis Vuitton or chanel
The pre-owned luxury market is a fast growing phenomenon in India. It’s given a wide platform for the buyers to pick and choose from more than 100 international brands at reasonable prices. However, sometimes there are hesitations before owning a pre-owned luxury product.
Social media boosts luxury goods counterfeit economy
A new study, Social Media and Luxury Goods Counterfeit, reveals that around a fifth of all items tagged as luxury goods on Instagram are actually fakes. The trend illustrates how the social media platform is contributing to the explosion of the internet’s counterfeit economy, which uses a system of online tools to ship illegal goods around the globe.
Social media – specifically Instagram – represents an important link in the complex chain of the counterfeit economy, which takes a $US29 billion bite out of the luxury goods sector each year, according to the study.
Agri stakeholders hail new anti-smuggling law
A coalition of agriculture stakeholders hailed the signing of Republic Act 10845 or “An Act declaring smuggling of agricultural commodities as economic sabotage.
Under the new law, the amount of smuggled agricultural product subject to economic sabotage is equal or more than Php10 million for rice, and equal or more than Php1 million for other agricultural products such as sugar, corn, pork, poultry, garlic, onion, carrots, fish and cruciferous vegetables.
Smugglers and their cohorts will also face a penalty of life imprisonment and a fine of twice the fair value of the smuggled agricultural product and the aggregate amount of the taxes, duties and other charges avoided.