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Illegal DVD Importation Concerns

The Fiji Revenue and Customs Authority says it will not tolerate businesses who are cheating the Government coffers by importing blank DVD’s and CD’s illegally. The warning comes as the
13 Nov 2014 08:02
Illegal DVD Importation Concerns

The Fiji Revenue and Customs Authority says it will not tolerate businesses who are cheating the Government coffers by importing blank DVD’s and CD’s illegally.

The warning comes as the Authority investigated a local company for allegedly illegally importing DVD’s and later selling it to DVD outlets at a much cheaper price.

Chief executive, Jitoko Tikolevu, said the current fiscal duty on a blank DVD is $2. “In addition, importers have to pay 10 per cent import excise duty and 15 per cent VAT on the total imports. All these duties and taxes are evaded through illegal imports,” he said.

“We have come across this company who is importing blank DVD’s and CD’s and allegedly selling it at a much cheaper price.

“DVD outlets should ask receipts and invoices upon purchase of blank DVD’s and CD’s. FRCA investigations have established that the company under investigation is not providing receipts or invoices relating to the sale.”

Mr Tikolevu said FRCA will impose a monetary fine of up to three times the true import value for those who evade duty.

“While we have such illegal operators, there are also businesses that are buying these DVDs and CDs, knowing fully well that they have been imported illegally,” he said.

“If you are doing this, you need to stop right now. We may not catch you today, but eventually you will be caught.”

 

 



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