Is Parallel Importing Illegal In Singapore?

How do I stop parallel imports?

Thirdly, by carefully drafting its contracts, a company can also lawfully prevent parallel trade in certain circumstances.

For example, where products are sold to wholesalers outside the EU, a clause which prohibits the re-import of such products into the EU may be considered..

How are parallel imports regulated?

The UK parallel import licensing scheme lets a medicine authorised in another EU Member State be marketed in the UK, as long as the imported product has no therapeutic difference from the same UK product. … you hold a wholesale dealer’s licence covering importing, storage and sale for each product.

Is parallel import perfume original?

So what’s the deal with parallel imports? Well, they’re perfectly legal, for starters. They are not fake goods; they are genuine, but not intended for the market in which they are being sold.

What does a GREY import mean?

A “grey import” is a product that has been imported from a country outside of the EU and therefore outside of the manufacturers authorised trading channels.

Are imported cars more to insure?

Insuring an imported car can be more expensive because insurers will need to spend more time when calculating how risky they are. If your car is imported you will need to shop around for specialist car insurance.

How can I import a car from Japan to Singapore?

Guide to Importing Dutiable Motor VehiclesStep 1: Applying for Singapore Customs’ Assessment of Vehicle’s Customs Value. … Step 2: Approval by Singapore Customs. … Step 3: Payment of Duties and Goods & Services Tax (GST) … Step 4: Clearance of Motor Vehicle. … Check with Land Transport Authority (LTA)

Branded goods which are imported into, or sold in, Australia are known as “grey goods” or “parallel imports”, and they are not illegal in Australia.

Why parallel import cars are cheaper?

Parallel import cars are cheaper They need stunning showrooms, a huge staff, marketing activities, etc. The cost of those overheads is factored into their car prices.

How do you parallel import?

Parallel importers ordinarily purchase products in one country at a price (P1) which is cheaper than the price at which they are sold in a second country (P2), import the products into the second country, and benefitting from arbitrage, sell the products in that country at a price which is usually between P1 and P2.

How much does it cost to import a car to Singapore?

A registration fee of $10,000.00 is payable on all imported cars. Cars must be right hand drive. You will have to pay relevant GST taxes and duties.

Is it safe to buy parallel imports?

Parallel imported cargo is not counterfeit, illegal, fake, or of a lesser quality than consumers have come to expect of authentic brands. Parallel importing has been legal in New Zealand since 1998, where authentic products are imported from other countries without permission from the intellectual property owner.

What is a parallel import perfume?

The goods have been imported without the approval or licence of the registered owner of that trade mark, and no guarantee or warranty in respect of such goods will be honoured or fulfilled by any official or licensed importer of such goods.

What is parallel distribution?

Parallel distribution means the distribution of a centrally authorised medicinal product from one Member State to another independently of the marketing authorisation. … This facilitates the surveillance of the market and the monitoring of compliance with the provisions on parallel distribution established in EU law.

Are parallel imported perfumes fake?

Hi, Please note parallel imports are non-counterfeit goods, produced in and imported from another country, and sold legally. The reason why we list these products is quite simple – to procure stock greatly reduced prices and pass these fantastic savings on to our customers!

What is a GREY or parallel import?

Parallel imports (or gray market goods) refer to branded goods that are imported into a market and sold there without the trademark owner’s consent in that market.

Are GREY imports illegal?

1) Grey Imports are Illegal – They’re not, there’s nothing illegal about grey imports, you’re not going to get caught by the AFP or any of that sort of stuff.

What is a parallel export?

Parallel exporting means buying medicines placed on the market in the UK for UK patients so that you can sell them in another country in the European Economic Area ( EEA ). You cannot parallel export medicines on the restricted medicines list.

What is parallel trading?

Parallel trade is the cross-border sale of goods within the EU by traders outside of the manufacturer’s distribution system without the manufacturer’s consent.

What is a parallel import drug?

Parallel importation of pharmaceuticals is original medicine being imported from an lowerpriced EU-EEA country, and then sold in another EU-EEA country with a higher price level. The medicine is sold on the same conditions as the original manufacturer’s normal packaging.