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Author Archives: CT Report

Iran to start exporting dairies to Russia soon

MOSCOW: Iran’s media said on Tuesday that a leading domestic dairy company has received the authorization to export its products to Russia. Four major provincial offshoots of Iran Dairy Industries Company (IDIC) – Pegah Fars, Pegah Tehran, Pegah Golpayegan and Pegah Isfahan – will start exporting their products to Russia from 20 January 2015. IDIC Managing Director Ali Roomi said ... Read More »

Philippines Customs fails to achieve $9.24bn revenue goal in 2015

MANILA: Despite an increase in revenue collection, the Bureau of Customs (BOC) has been consistent in missing its annual target. BOC data show that the revenue-generating agency failed to attain its P436-billion ($9.24 billion) revenue goal in 2015 after it only collected P366 billion ($7.76 billion) – a shortfall of P70.56 billion ($1.45 billion) for the year. Last year’s deficit ... Read More »

US imports of gold jewellery reach to 7 year high in Oct

WASHINGTON: US imports of gold jewellery rose to a seven-year high in October while platinum jewellery imports surged by more than 60 percent after precious metal prices fell to multiyear lows, Thomson Reuters GFMS calculations showed. “The United States continued to import large volumes of gold jewellery in October,” Erica Rannestad, senior analyst of precious metals demand at GFMS, said ... Read More »

Authorities arrest man, seize meth worth over $1m

PEARL: Authorities have arrested a man after seizing methamphetamine worth more than $1 million during a traffic stop. Rankin County Sheriff Bryan Bailey tells media outlets that authorities arrested 28-year-old Domingo Avila Jr. Friday on charges of aggravated trafficking of a controlled substance. Bailey says a Pearl police officer stopped Avila’s truck on Interstate 20. After Avila consented to a ... Read More »

Vietnam police arrest Customs officer for corruption

HO CHI MINH: Vietnamese police have apprehended a customs officer in Ho Chi Minh City on suspicion of taking bribes and found several envelopes containing cash worth a total of about VND1 billion (US$44,520) at his house. Nguyen Tuong Duy, 48, who is an anti-smuggling officer at the Ho Chi Minh City Customs Department, has been detained for abusing positions ... Read More »

Turkish authorities arrest 2 for smuggling Van Dyck Painting

ISTANBUL: Turkish authorities have detained two people who were caught smuggling a painting which experts suspect is by the 17th century Flemish artist Anthony van Dyck. The authorities had seized the artwork in Istanbul after two businessmen attempted to sell it to undercover Turkish police officers for 14 million lira ($4.6 million, 4.2 million euros). The two men had reportedly ... Read More »

Nepal Customs points revenue hit by Rs 580 million

KATHMANDU: Revenue collection from various customs points hit Rs 580 million on last week. It was the highest single day collection after the border blockade started from the third week of September. The revenue collected on Wednesday compares with collection figures during normal times, said Damodar Regmi, deputy director general of the Department of Customs. The DoC said per day ... Read More »

Malaysia marine police seizes illegal cigarettes worth RM5.39mil

PASIR GUDANG: The marine police have successfully clamped down on a syndicate smuggling cigarettes, confiscating over RM5.39mil worth of contraband during a raid here. Johor CID chief Senior Asst Comm Kamarul Zaman Mamat said that a team of officers in three patrolling boats raided the suspects’ hideout on a vessel at around 11pm at the Sungai Kong Kong (Dapur Arang) ... Read More »

Madhya Pradesh excise seizes foreign liquor worth Rs 10 million

INDORE: Madhya Pradesh state excise department has seized 600 litres of foreign liquor worth more than Rs one crore from the residential apartment of a city based trader Rajesh Wadhwani here on Sunday. Approximately, in 65 cartons the bottles were stored. A team of six excise officials were tracking Wadhwani who was alleged to carry-out home-delivery of the liquor to ... Read More »

Philippines Customs misses 2015 revenue target

MANILA: Despite an increase in revenue collection, the Bureau of Customs (BOC) has been consistent in missing its annual target. BOC data show that the revenue-generating agency failed to attain its P436-billion ($9.24 billion) revenue goal in 2015 after it only collected P366 billion ($7.76 billion) – a shortfall of P70.56 billion ($1.45 billion) for the year. Last year’s deficit ... Read More »

Nigerian Customs impound N2.7bn goods, arrest 316 suspects

ABUJA: The Nigeria Customs Service, Federal Operations Unit, Zone ‘C’, Owerri says it has recorded a total of 467 seizures of illegally imported items with an overall Duty Paid Value of N2,709,807,358 in the year 2015. The Customs Area Controller of the Unit, Mr. Victor Dimka, gave the detail of the seizure while briefing newsmen in Owerri. Dimka said 316 ... Read More »

Canada police seize cocaine worth $1.7m

EDMONTON: A 66-year-old British Columbia man has been charged after police seized 17 kilograms of cocaine during an investigation west of Edmonton. RCMP ‘K’ Division traffic members were working on Highway 16 near Stony Plain on Saturday when they stopped a vehicle for an equipment violation. Police said their investigation indicated there may be a controlled substance present, so the ... Read More »

Iran agrees imports of Chevrolets

TEHRAN: Iran said on Sunday that it has issued the authorization for imports of automobiles produced by the American carmaker giant Chevrolet. The announcement has been made by the Trade Promotion Organization of Iran which says two of the company’s models – Chevrolet Trax and Chevrolet Aveo – have received the required licenses to be imported into Iran.  Both models ... Read More »

BSF seized 344kg heroin worth Rs 17 billion in 2015

PUNJAB: Seven drug smugglers and intruders, including three Pakistani nationals, have been shot dead in separate encounters by BSF personnel guarding the International Border along Pakistan in Punjab last year and 344 kg heroin worth Rs 1,720 cr was seized during the period. According to data provided by BSF Punjab Frontier headquarters, seven cross-border smugglers and intruders was gunned down ... Read More »

Bangladesh Customs seizes sarees, medicines worth over Tk 2 cr

DHAKA: Customs officials seized a huge amount of sarees and medicine from two flights of Regent Airways at Hazrat Shahjalal International Airport in Dhaka today. Acting on a tip-off, a preventive team of the Dhaka customs house raided a flight from India that landed at the airport around 3:30pm and seized a huge amount of Indian sarees brought illegally, Customs’ ... Read More »

Indian Customs seizes gold worth Rs. 10 million

HYDERABAD: Over 3kg of gold, hidden beneath a seat in an aircraft and apparently meant for smuggling, was seized by the customs officials at the Rajiv Gandhi International Airport in Hyderabad. “The gold biscuits, weighing 3.1 kg, were hidden under the aircraft seat that landed from Dubai at the airport on Sunday afternoon,” a customs official said. Nobody has been ... Read More »

China begins rice shipments from Laos

BEIJING: The shipment weighed 87.8 tonnes and was valued at 746 million U.S. dollars, said the Shenzhen Entry-Exit Inspection And Quarantine Bureau. China mainly imports rice from Vietnam, Thailand and Pakistan. It recently added Laos to the list. Chinese appetite for grain imports has been growing fast, as the increasingly wealthy population seek more choices of staple food. As China’s ... Read More »

Japan stainless steel scrap imports rise 20.9% in Nov 2015

TOKYO: According to latest statistics released by Japan’s Ministry of Finance (MoF), the country’s imports of stainless steel scrap increased considerably during the month of November last year. The imports during the month witnessed rise of 20.9% when compared with the previous month. The stainless steel scrap imports by Japan totaled 8,767 tons in November. Japan had imported 7,251 tons ... Read More »

Origin Energy sends first shipment from $25b Australia Pacific LNG

Origin Energy says the first shipment from its $25 billion Australia Pacific LNG joint venture left Curtis Island over the weekend. Origin (ORG) boss Grant King labelled the news a “landmark moment” for the seven-year project. “Origin is delighted that the first LNG cargo has departed from Australia Pacific LNG, carrying natural gas for delivery to Asia,” he said. “These ... Read More »

ICCI signs MoU with RBF to promote trade and exports‏

ISLAMABAD: Islamabad Chamber of Commerce and Industry (ICCI) has signed a Memorandum of Understanding with Radiant Businessmen Forum (RBF) to promote Pakistan’s trade and exports with foreign countries. Salih Demir Pazarci, Chief Executive Officer, Radiant Businessmen Forum and Atif Ikram Sheikh, President, Islamabad Chamber of Commerce and Industry signed the MoU. Radiant Businessmen Forum is a partner of Turkish Confederation ... Read More »