The Recycler
  • Katun March Web Advert 2021
  • https://www.ecs-uk-ltd.co.uk/partner-us?utm_source=tr-636x124-8&utm_medium=didiad
  • Static Control June 2022 Masthead Ad
  • Ninestar Web banner ESG July 2022
  • Biuromax Web banner June 2022

Two containers seized in India with hidden printers

Two containers seized in India with hidden printers

August 9, 2021

Earlier this year, the Directorate of Revenue Intelligence (DRI) in India seized two containers that were labelled as scrap, but had hidden MFPs at the back of the container.

The Times of India reported in April of the seizure of two containers by the Ludhiana-based zonal unit of the DRI, which not only had sports shoes and “other wrongly-declared” goods, but also had MFPs hidden behind a separation wall.

The initial investigation estimates 150 MFPs from various OEMs were inside the two containers. The value of the seized goods is estimated to be around Rs 1 crore ($134,628.16/ €114,535.71) and might be higher if there are further items found. The Times of India reports that the containers were imported at the end of December 2020 and were labelled as scrap.

Once the investigation has been concluded the importer will be summoned by the DRI.

 

Our take on this: Indian Import duties and Integrated Goods & Services Tax for used printers can be as high as 37.5%. Labelling items as “scrap” can attract Indian Import duties and Integrated Goods & Services Tax rates of around 23%. An under declaration of $18,847 (€16,025) on the $134,628.16 (€114,535.71) consignment.

Categories : World Focus

Tags : Containers Import Duties MFPs Seizures

  • Apex UStation web banner
  • GPI July 2022 Web Banner
  • IR Italiana Web ad January 2021
  • Aster July 2022 Web banner
  • Static Control June 2022 Big & Bold Ad
  • Mito July 2022 Web banner
  • GM Technology July 2022 Web banner
  • Zhono web ad May 2022
  • CTS New Ad March 2022
  • CET June 2022 Web ad
  • ITP Web ad January 2021
  • HYB Web banner
  • PCL Web ad January 2021
  • CET June 2022 Web ad
  • CTS New Ad March 2022
  • HYB Web banner
  • Zhono web ad May 2022
  • ITP Web ad January 2021
  • PCL Web ad January 2021
  • Zhono web ad May 2022
  • CET June 2022 Web ad
  • PCL Web ad January 2021
  • HYB Web banner
  • ITP Web ad January 2021
  • CTS New Ad March 2022

The Recycler, Wittas House, Two Rivers, Station Lane, Witney, OX28 4BH, United Kingdom | Tel: +44 (0) 1993 899800 | Fax : +44 (0) 1993 226899
©2006-2021 The Recycler - Terms & Conditions - Privacy Policy including cookie use

Web design Dorset | Websites by Mark

The Recycler Subscribe Web ad January 2021
The Recycler Subscribe Web ad January 2021