P5.3 B worth of fake goods – mostly cigarettes – seized in Q1
Most fake or counterfeit goods confiscated by the government in the first quarter of the year worth at least P5.3 billion were cigarettes and cigarette production equipment, the Intellectual Property Office of the Philippines (IPOPHL) said.
In a statement on Wednesday, IPOPHL said the value of the seized goods in the first three months of the year has already reached more than half of the total value of fake goods confiscated for the entire year in 2017, which reached P8.2 billion.
The spike this quarter – a triple-digit growth from the same period last year – was primarily attributed to the P5 billion worth of cigarettes and cigarette production paraphernalia seized by the government.
According to IPOPHL, these were mostly the products seized by the Philippine National Police from a factory in Bulacan in February.
http://newsinfo.inquirer.net/993578/p5-3-b-worth-of-fake-goods-mostly-cigarettes-seized-in-q1
Related Posts
Thailand aids huge fake-goods seizure
Thai authorities cooperated with more than a half-dozen Asian and European...
Indore: Police seize counterfeit cigarettes worth Rs 3L
Indore (Madhya Pradesh): A crime branch team caught a man selling counterfeit...
City hub for fake electronic goods
Hyderabad is fast emerging as a centre for counterfeit products, especially...
Crawley man arrested in tobacco smuggling raids as 200,000 cigarettes and £20,000 cash seized
A CRAWLEY man has been arrested on suspicion of tobacco smuggling following raids...