LIVE TV
ZEE Business
ZEE BUSINESS
हिंदी में पढ़ें  हिंदी में पढ़ें
Live TV
Live TV
  • Home
  • Budget 2021
  • Personal Finance
    • PPF
    • Mutual Funds
    • Income tax
    • EPFO
    • Income Tax Calculator
    • Personal Loan Calculator
    • Car Loan Calculator
    • Home Loan Calculator
    • SIP calculator
    • SWP Calculator
    • MF Returns Calculator
    • Lumpsum Calculator
  • India
    • Companies
    • Property
    • Startups
    • Uidai
  • Economy
    • Aviation
  • Tech
    • Mobiles
    • Apps
  • Auto
    • Cars
    • Bikes
  • Markets
    • Commodities
    • Currency
  • Jobs
  • Indian Railways
  • World
    • Economy
    • Politics
    • Markets
  • videos
  • photos
  • Authors
  • More ...
    • VIDEOS
    • PHOTOS
Read in App
Business News » India News

2 Indians sentenced for smuggling phoney cigarettes into US

  • Twitter
  • Facebook
  • Linkedin
  • whatapp
  • View in App
Updated: Thu, Feb 15, 2018
07:52 am
PTI
RELATED NEWS
Infosys Chairman Nandan Nilekani on India's Digital Economy I Kotak Institutional Equities highlights details Infosys Chairman Nandan Nilekani on India's Digital Economy I Kotak Institutional Equities highlights details
Digital economy to outpace GDP growth, will result in 'competitive advantage period' for leaders in digital space highlights ICICI Securities Digital economy to outpace GDP growth, will result in 'competitive advantage period' for leaders in digital space highlights ICICI Securities
#GSTMakeItEasy: Facing GST related issues? Big initiative by Zee Business - Tweet your problems now! Check all details here #GSTMakeItEasy: Facing GST related issues? Big initiative by Zee Business - Tweet your problems now! Check all details here
India’s economy picking up steam, estimate recovery at 10% in FY22: S&P Global India’s economy picking up steam, estimate recovery at 10% in FY22: S&P Global
RBI Monetary Policy: Governor Das says repo rate unchanged, sees GDP at 10.5 pct for FY22, inflation at 5.4 pct for Q4FY21 RBI Monetary Policy: Governor Das says repo rate unchanged, sees GDP at 10.5 pct for FY22, inflation at 5.4 pct for Q4FY21

Two Indians have been sentenced to nearly two years of imprisonment by a federal court in Florida on charges of conspiring to smuggle counterfeit cigarettes into the United States.

Besides Abhishek Shukla and Harish Shabhai Panchal, the two Indians, Jubilee Tobacco Industries Corp –- an India-based company –- was found guilty in the case. The company has been ordered to forfeit USD 300,000 to the US, the Department of Justice said today. The three have pleaded guilty to the charges.

According to the guilty plea, they conspired to import about 68,000 cartons of counterfeit cigarettes with the trade names and marks of popular American brand Newport cigarettes.

Through internet negotiations, an agreement was reached for a 20-foot container filled with counterfeit Newport brand cigarettes to be shipped from India to Miami.

Payment for the shipment was made in instalments through international wire transfers to bank accounts in India and in Dubai, United Arab Emirates.

On November 1, 2016, the container arrived and was seized at the Port of Miami with the assistance of US Customs and Border Protection Officers.

If distributed in the State of Florida, the untaxed importation would have an approximate value of USD 1.2 million, the Department of Justice said.

Analysis conducted by FDA's Forensic Chemistry Centre determined that the cartons, packs, and cigarettes were all counterfeit.

Within two weeks of the arrival, the co-conspirators sought out undercover agents offering another shipment, twice as large. By April 2017, deposits totalling USD 55,000 had been made for more counterfeit Newport cigarettes.

On June 9 last, the container arrived at the Port of Miami and was again seized with the assistance of Customs and Border Protection Officers, and turned over to FDA-OCI Special Agents. If distributed in the State of Florida, the untaxed importation would have had an approximate value of USD 3.2 million.

Shukla and Panchal travelled to Miami in August 2017 to meet with the undercover agents to promote further business dealings. During the recorded meeting, they advised the agents that they had been partners for 12 years and personally oversaw the production of all the products being offered.

They also assured the agents that they could counterfeit any American-made menthol cigarette without any problem, as well as other trademarked brands and that they could produce tobacco blends, which would closely match the legitimate product, federal prosecutors said.

 

(This article has not been edited by Zeebiz editorial team and is auto-generated from an agency feed.)

Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.

TAGS:
Economy
RELATED NEWS
Infosys Chairman Nandan Nilekani on India's Digital Economy I Kotak Institutional Equities highlights details Infosys Chairman Nandan Nilekani on India's Digital Economy I Kotak Institutional Equities highlights details
Digital economy to outpace GDP growth, will result in 'competitive advantage period' for leaders in digital space highlights ICICI Securities Digital economy to outpace GDP growth, will result in 'competitive advantage period' for leaders in digital space highlights ICICI Securities
#GSTMakeItEasy: Facing GST related issues? Big initiative by Zee Business - Tweet your problems now! Check all details here #GSTMakeItEasy: Facing GST related issues? Big initiative by Zee Business - Tweet your problems now! Check all details here
India’s economy picking up steam, estimate recovery at 10% in FY22: S&P Global India’s economy picking up steam, estimate recovery at 10% in FY22: S&P Global
RBI Monetary Policy: Governor Das says repo rate unchanged, sees GDP at 10.5 pct for FY22, inflation at 5.4 pct for Q4FY21 RBI Monetary Policy: Governor Das says repo rate unchanged, sees GDP at 10.5 pct for FY22, inflation at 5.4 pct for Q4FY21

LATEST NEWS

Indian Army conduct basketball, wushu competitions for youth in Jammu and Kashmir's Budgam

JK Lakshmi Cement: Sharekhan retains a Buy rating with revised price target of Rs 525

Midcap Picks With Anil Singhvi - Simi Bhaumik recommends 3 stocks for bumper returns

MTAR Technologies IPO: Last Day to subscribe for the issue, retail portion subscribed over 16 times on 2nd day

China hikes defence budget to USD 209 billion, 6.8 per cent increase

One of strongest earthquakes in history! Pacific quake sets off tsunami, threat lifts in New Zealand

Rakesh Jhunjhunwala picked Tata Motors for his portfolio during Covid Pandemic II Reasons Highlighted

FIIs in 'PANIC buying' mode on Wednesday, Anil Singhvi says; calls it positive, expects some short covering on Thursday

Wipro share price: Sharekhan maintains Buy with an unchanged price target of Rs 510

Gold slides to nine-month low as Powell's remarks make yields rally

  • India News
  • World News
  • Companies News
  • Market News
  • Personal Finance News
  • Technology News
  • Automobile News
  • Small Business News
  • Income Tax Calculator
  • Live TV
  • Videos
  • Photos
  • Author
  • Rss Feed
  • Advertise with us
  • Privacy Policy
  • Legal Disclaimer

Latest Trending Updates

  • EPFO
  • Budget 2020
  • Income Tax Return
  • Auto Expo 2020
  • Home Loan
  • Business News

Trending Topics

  • Income Tax
  • income Tax Calculator
  • 7th Pay Commission
  • Reserve Bank of India
  • GST
  • Latest Business News

Follow us on

zeebiz
zeebiz

Partner Sites

  • Zee News
  • Hindi News
  • Marathi News
  • Bengali News
  • Tamil News
  • Malayalam News
  • Gujarati News
  • Telugu News
  • Kannada News
  • DNA
  • WION
Copyright © Zee Media Corporation Ltd. All rights reserved