Wednesday, March 16, 2011

What Does Import Duty Evasion Look Like?

Infant and youth furniture resource Kid Brands fired two executives from its LaJobi subsidiary (notice recalls here) in response to alleged evasion of paying import duties in the wood bedroom furniture antidumping case.

What did they do wrong?
  • Applied import duties incorrectly to products imported from various Chinese resources, a violation of antidumping regulations.
  • Practiced unfair pricing tactics.
  • Misidentified the manufacturer and shipper of products.
Read the entire story here to get a feeling of what import duty evasion looks like and to learn how to avoid these import problems on your own transactions.

And, I would be cautious with the LaJobi brand for your loved ones.

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