Fake Goods Valued At $65m Seized By Customs In Less Than Two Years
Approximately $65 million worth of infringing products were successfully forfeited and disposed of by the Jamaica Customs Agency (JCA), acting on behalf of brand-holders, for the period January 2016 to September 2017.
Velma Ricketts Walker, the commissioner of Customs, told The Gleaner that backpacks/bags represented approximately $43 million of the total and that the effect of the importation of fake goods could be catastrophic for the country’s fragile economy.
“The threat of international property rights infringement must not be seen as a victimless crime. It can have serious negative effect on the country’s economic growth, impacting of course, the gross domestic product (GDP),” said Ricketts Walker.
“These items, not being the original goods, are cheaper, but could prove disastrous to GDP,” Ricketts Walker added.
She said an additional $500 million worth of goods was seized and is to be disposed of, which points to the tough job Customs has in cracking down on the importation of counterfeit products.
Related Posts
Fake currency with face value of Rs 55 crore seized in Pune.
Fake currency with a face value of more than Rs 55 crore has been seized from a...
US Officials seize 65m in counterfeit goods in Pureto Rico
Special agents from the U.S. Immigration and Customs Enforcement and Homeland...
Two men arrested following raids in Catfield in investigation into £2.24 million tobacco smuggling fraud
Two men have been arrested by HM Revenue and Customs (HMRC) during raids linked...
Gold smugglers take it ‘below the belt’ to doge detectors
INDORE: Instances of gold smuggling by carriers through air routes have seen a...