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The eBearing News
May 21, 2009
India's Bearing Manufacturers Complain of Lax Customs
copyright © 2009 eBearing Inc.
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.
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