Cryptocurrency Q&A
What is the penalty for country of origin marking?
What is the penalty for country of origin marking?
SilenceStorm
Sun Nov 24 2024
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5 answers
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I want to know about the penalty for not properly marking the country of origin on products. What are the consequences if this requirement is not met?
5 answers
CrystalPulse
Tue Nov 26 2024
One such consequence is the assessment of liquidated damages.
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SsangyongSpiritedStrength
Tue Nov 26 2024
The amount of liquidated damages is equivalent to the value of the goods.
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MysticChaser
Tue Nov 26 2024
The country of origin and marking are crucial aspects in the import and export process.
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Andrea
Tue Nov 26 2024
Additionally, special marking penalties may be imposed.
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Stardust
Tue Nov 26 2024
If goods are not promptly returned to Customs custody, there can be significant consequences.
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