As luxury brands increase their sales in India, they are in an ever-growing tussle with counterfeiters mass-producing and selling their goods for cheap. But a 25-minute drive from Reliance’s luxury haven is the Heera Panna Shopping Complex, which is listed by the United States as one of the world’s most “notorious markets” for counterfeit products. It is also a “reasonable” …
Counterfeit handbags have existed for decades, but the latest generation of so-called "superfakes" can so closely resemble their luxury counterparts that the differences are almost imperceptible to the human eye. "People here call those superfake bags 1-to-1 replicas," said Uci Flowdea, a businesswoman who collects real Hermès handbags. And at Jakarta's Mangga Dua market, dubbed "Hong Kong Alley" by some …
A racket of generating fake Goods and Services Tax invoices for fraudulently claiming the input tax credit on non-supplied goods was busted in Pune with the arrest of two persons, officials said on Sunday. The preventive wing of the Central Goods & Services Tax, Pune, claimed that two city-based firms allegedly indulging in this malpractice were busted. The two firms …
