(From:CMB-CETA editor)

India's LCCI (Lahore Chamber of Commerce and Industry) is once again pressuring Customs authorities in that country to step up and crack down on bearings being imported under false documentation.

Despite repeated requests, the LCCI said Customs continually fails to enforce or even investigate charges that bearings are being brought into India, improperly declared and disguised as scrap metal.

The problem cited by LCCI particularly applies to ball bearings from Japan. When they are imported and declared as scrap, duties levied on those bearings are 95% lower than normal.

LCCI also points out the double impact: not only are bearings from Japan being brought into India at artificially low prices and damaging the domestic industry, but also Customs' failure to enforce the proper duties is robbing the Indian government of significant revenue.