Thursday, February 21, 2013

US catches China with fingers in honey jar





Call it a case of honey laundering.


US officials said they had mounted a sting operation against two major firms illegally importing honey from China and selling it on the American market, avoiding US$180 million (HK$1.4 billion) in anti-dumping duties.


US Immigration and Customs Enforcement (ICE) described the bust as “one of the largest criminal anti-dumping cases in history.”


The offence involved Chinese honey either being mis-declared as another commodity or trans-shipped through other countries such as India, Russia and Thailand to avoid trade duties.









via Business feed http://www.scmp.com/business/commodities/article/1155336/us-catches-china-fingers-honey-jar

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