Imitation Jewellery Imports Raise Money Laundering Concerns

The declared import price of imitation jewellery is $2 to $3 per kilogram on paper. However, customs assesses the same products at $5 per kilogram. For gold-plated imitation jewellery, the minimum customs-assessed value is $8 per kilogram. The significant gap between the importers’ declared prices, customs valuations and market prices has raised concerns over possible […]Continue Reading