COUNTERFEIT GOODS
US steps up watch against counterfeit goods; Indians leave your fake Adidas, Gucci back home
The US Customs and Border Protection (CBP) has recently intensified efforts to combat the smuggling of counterfeit luxury products, leading to the confiscation of numerous fake Adidas, Nike, and Gucci items from travelers, particularly from India. Many students and visitors arriving in the United States have reported having their counterfeit Puma, Adidas, or Nike items seized at ports of entry.
Temu will have to comply with tougher EU online content rules, EU says
Temu, a fast-fashion e-commerce retailer under the PDD Group, is required to comply with strict EU online content rules as a very large online platform (VLOP) under the Digital Services Act (DSA), facing penalties of up to 6% of their global annual turnover for violations.
Traditional methods insufficient to control counterfeiting in luxury retail market: Qila
Luxury goods retail faces a $30 billion annual loss due to counterfeiting, prompting a shift to advanced technologies like blockchain and tokenization. These innovations ensure product authenticity and protect brand reputation. Blockchain tracks products from manufacture to sale, offering easy verification for consumers. Tokenization creates unique digital fingerprints for each product, enabling instant authenticity checks via QR codes or apps. Despite challenges in setting up infrastructure, these technologies promise to revolutionize the industry, enhancing transparency, building trust, and securing luxury goods' integrity.
View: Stop companies stretching the truth
Every label coming out from FMCG, nutraceutical, cosmetic, pharmaceutical and wellness sectors must be properly checked by regulators. In this context, Supreme Court rightly pulled up the Indian Medical Association (IMA) last week for not taking action against Patanjali on complaints for the company's alleged 'misleading' claims and 'disparaging' ads against the allopathic system of medicine.
Narendra Modi govt 'anti-MSME', thousands of small business shut down in 10 years: Congress
Congress alleges Modi govt is 'anti-MSME', leading to small businesses shutting down. Ramesh criticizes policies favoring big corporates, demonetisation, GST issues, Chinese goods dumping, and MSME board control. MSME sector suffers under Modi's governance.
'Livestream' shopping thwarts some high-tech tools to stop fake merch
Livestream shopping in the U.S. faces challenges with counterfeit goods influx. Technology by platforms like TikTok and Amazon aims to combat fakes, yet copyright violations persist in live videos. Patent lawyers emphasize the need for improved detection methods.
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Madhya Pradesh man learns printing skills in jail, produces Rs 200 fake notes after getting released
A 35-year-old man from Madhya Pradesh, Bhupendra Singh Dhakat, used printing skills learned in jail to create counterfeit notes. Police seized 95 fake Rs 200 notes, printer, ink, and paper from his residence in Madhya Pradesh. Dhakat admitted to circulating the fake money, despite a criminal history that includes murder cases.
Three Indian markets in three cities, three online markets figure in Notorious Markets List of US
The 2023 Notorious Markets List identifies 39 online markets and 33 physical markets that are reported to engage in or facilitate substantial trademark counterfeiting or copyright piracy.
Apparel exporters seek tax incentives in Budget 2024 to boost manufacturing
Union Budget: The Apparel Export Promotion Council (AEPC) has urged the Indian government for tax incentives, including uniform GST rates, enhanced interest subsidies, and budgetary support for branding and marketing in the upcoming budget. AEPC emphasized the need for tax concessions for apparel manufacturers following Environmental, Social, and Corporate Governance (ESG) standards.
David Beckham locked in secret multi-million legal battle over fake products
Football legend David Beckham's firm DB Venture has filed a £1.58 million case against the counterfeiters who have been selling imitations of the products. He is not the first celebrity to face such a problem.
E-commerce platforms can't become haven for counterfeiters: Delhi HC
The Delhi High Court observed that e-commerce websites are commercial ventures and are inherently profit oriented, which is not objectionable, but they have to protect intellectual property rights of others.
Indiamart working with Novo Nordisk to halt illegal Wegovy sales
The drugmaker's India legal team held discussions with Indiamart's top executives to develop a "framework" for regularly alerting the online marketplace about listings by counterfeiters in an effort to curtail illegal sales, the source said on condition of anonymity.
Fasttrack patent grants to cut CO2, system to prevent patented goods copy on ecomm portals: CII
It emphasised on the clarity of responsibility (Elimination of counterfeiter, sharing information of counterfeiter and conduct countermeasure to prevent counterfeit products sales) regarding IP infringement products sales by e-commerce platforms.
Dhanteras 2023: Buying gold for the first time? 4 ways to avoid wasting money on counterfeit jewellery
It would be wise to triple-check the jewellery, before you part with your hard-earned cash.
Sanctions fail to stop North Korea's Kim Jong Un snapping up luxury watches, bags
North Korea has reportedly resumed its import of luxury goods, including high-end watches and designer clothes, despite international sanctions. South Korea's unification ministry stated that the volume of luxury products imported to North Korea from areas near its borders with Russia and China has recovered since the second half of last year. The goods are purchased by North Korean diplomats and company officials stationed in China, Russia, and Europe.
TikTok's new Amazon copycat Shop is full of cheap Chinese goods
TikTok's effort has been discussed internally as a “community commerce” effort, according to people familiar with the matter, meaning it’s meant to capitalize on the app’s potential to bring people together through their niche interests.
Amazon launches Anti-Counterfeiting Exchange to identify and track counterfeiters
Online marketplaces in the United States including Amazon face hurdles in keeping counterfeiters off their platforms and fake merchandise from entering their warehouses.
Counterfeiting a commercial evil, has serious repercussions on national economy: Delhi HC
Justice C Hari Shankar said ramifications of counterfeiting extend far beyond the confines of a petty counterfeiter's small shop and the court is required to send a deterrent message to those involved in such practices.
IndiaMART and four other Indian markets figure in US Notorious Markets list
eleased by the US Trade Representative (USTR) on Tuesday, the 2022 Notorious Markets List identifies 39 online and 33 physical markets that are reported to engage in or facilitate substantial trademark counterfeiting or copyright piracy.
Counterfeits constitute 25-30 pc of the market: Report
As much as 27 per cent of consumers are unaware that products are counterfeit at the time of purchase, but 31 per cent willingly purchase spurious products, the report said.
Chip shortages result in record wire fraud reports by desperate buyers
Companies looking for chips they could not find through authorized and vetted distributors were trying to buy them from shadier brokers and transferring funds for goods that never got delivered, ERAI president Mark Snider said.
Amazon, Cartier sue counterfeiters for selling fake luxury goods on Instagram
Amazon has invested more than $900 million and employed more than 12,000 people dedicated to protecting customers and brands.
Indiamart among global marketplaces tagged by US for selling counterfeit
A goal of preparing the list, according to the report, is to motivate appropriate action by the private sector and governments to reduce piracy and counterfeiting.
IndiaMart.com, Palika Bazaar, and 3 other Indian markets figure in US Notorious Markets List for counterfeiting and copyright piracy
The USTR report said IndiaMART, an e-commerce website and mobile app that connects buyers with suppliers, describes itself as the world's second largest online business-to-business market. Counterfeit goods can allegedly be found in large volumes on IndiaMART, including counterfeit pharmaceuticals, electronics and apparel.
How to find the right high-quality mask and avoid counterfeits
Unlike cloth masks, high-quality medical masks — called N95s, KN95s and KF94s — are made with layers of high-tech filtering material that trap at least 94-95% of the most risky particles.
Spike in counterfeiting of PPE kits, sanitisers during COVID lockdown: Report
The top five sectors which have been most affected by counterfeiting are -- alcohol, tobacco, FMCG packaged goods, currency and pharmaceuticals. They together constitute more than 84 per cent of the total counterfeiting incidents reported. Within the last month, there have been a number of cases reported of fake COVID-19 medication.
Amazon blocked 10 billion listings in counterfeit crackdown
Amazon says the number of counterfeiters attempting to sell on the site rose as scammers tried to take advantage of shoppers who were buying more online during the pandemic.
Facebook, Gucci file joint lawsuit against alleged counterfeiter
Online sales of luxury handbags, shoes and garments have boomed over the past year as the coronavirus pandemic forced retailers to temporarily close their stores.
Over 10,000 websites selling counterfeits de-listed, fake goods worth $6 million seized: HP India
HP India's Anti-Counterfeiting and Fraud (ACF) programme helps combat the production, distribution, and sale of counterfeit ink and toner printing supplies in the region. It also aims to create awareness on the scale and severity of the fraudulent printing supplies market in India.
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