Counterfeit documents at Yemen Ports

in Business Risk, Counterfeit Goods

Custom Officials in Yemen state that the country losses up to 90 percent of customs revenue due to the counterfeiting of documents.

Officials state that traders and importers create fake purchase agreements and sale bills and lists the value of their products at 10 percent of their original prices in order to evade taxes and fees.

Source:  “Counterfeiting a big business at Yemen’s ports,” albawaba, October 3, 2012.

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