EU anti-fraud unit breaks steel pipe tax evasion ring

May 04, 2012 | 09:00 AM |

The European Anti-fraud Office (Olaf) has uncovered an international conspiracy to export China-made iron and steel tube and pipe fittings via other Asian countries to evade a 58.6% EU anti-dumping duty usually levied on these products.
Officials from Olaf worked with national police and customs in Europe, Taiwan and India to crack the tax evasion ring, recovering €9 million ($11.8 million) worth of duties in the process, and securing jail sentences for three people in the UK and Germany. ....





Latest Pricing Trends

Poll

Are you stocking more inventory today than 18 months ago?

Yes
No


View previous results