logo
DRI Mumbai seizes 160 tonnes of substandard Chinese toys, counterfeit cosmetics worth Rs 6.5 crore

DRI Mumbai seizes 160 tonnes of substandard Chinese toys, counterfeit cosmetics worth Rs 6.5 crore

Time of India2 days ago
Mumbai: In a major crackdown on smuggling of substandard goods, the Directorate of Revenue Intelligence (DRI), Mumbai zonal unit, seized 160 metric tonnes of illegally imported Chinese toys, counterfeit cosmetics, and unbranded shoes, valued at over ₹6.5 crore.
Based on specific intelligence, DRI officers identified 10 containers at Mundra Port, Hazira Port, Kandla SEZ, and ICD Piyala (Faridabad). These containers, fraudulently declared as decorative items, keychains, and pencil boxes, were found concealed with large quantities of toys, cosmetics, and footwear.
The toys were imported without mandatory BIS certification, violating the Foreign Trade Policy and Toys (Quality Control) Order, 2020. Counterfeit cosmetics infringed Intellectual Property Rights (Imported Goods) Enforcement Rules, 2007, and lacked required CDSCO licenses. The unbranded shoes also breached the Footwear (Quality Control) Order, 2024.
You Can Also Check:
Mumbai AQI
|
Weather in Mumbai
|
Bank Holidays in Mumbai
|
Public Holidays in Mumbai
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Envision Energy to invest ₹500 cr for expansion: Flags cost, grid, supply chain challenges
Envision Energy to invest ₹500 cr for expansion: Flags cost, grid, supply chain challenges

Time of India

time29 minutes ago

  • Time of India

Envision Energy to invest ₹500 cr for expansion: Flags cost, grid, supply chain challenges

India's leading wind turbine original equipment manufacturer Envision Energy India with an order book of 10 GW plans to invest ₹500 crore to scale up its manufacturing footprint. The company, which commands a 45 per cent market share in the wind turbine manufacturing segment, plans to set up a second blade plant near Ahmedabad and a gearbox facility in Pune. This brings the Chinese major's total investment in India to ₹1,000 crore since 2016. The company is prepared to scale up production to 5 GW annually, supported by a robust order book said Managing Director R.P.V. Prasad in an interview with The Economic Times. "With an order book exceeding 10 GW–12 GW, it is crucial that we produce and deliver products to our customers at a cost-effective scale," said Prasad. Envision has begun constructing its second blade plant and will expand its Trichy unit to six moulds from the present four. The Pune nacelle and hub facility will scale from 3 GW to 5 GW, and the company will also manufacture gearboxes in India using global expertise. The company plans a phased approach to localisation in response to the ministry of new and renewable energy 's (MNRE) new RLMM norms, which mandate local manufacturing of key wind components. While supporting the move, Prasad said complete localisation without sufficient demand would inflate costs. 'We're paying 1.5x more for blades in India. Investors won't bear that,' he said. Prasad called for a staggered rollout of the new MNRE norms, warning that a rushed transition could crash industry volumes to 1–2 GW. He also pointed to grid unpreparedness and limited domestic component suppliers as major bottlenecks. "The government should introduce a condition that if you're manufacturing in India, at least 20 per cent should be for the domestic market. If you want to export fine, export only 80 per cent —but 20 per cent must be supplied here. If the government imposes that condition, they'll object. Perhaps the issue for them is that their profitability is declining; they're not able to match, and these are the hidden issues, which are not openly discussed," he said. Envision is also preparing to deliver its 5 MW turbine from October 2025 and sees repowering and offshore wind as future opportunities. "While the government is introducing mechanisms like VGF (Viability Gap Funding), it isn't sufficient. Additionally, the lack of infrastructure poses a significant hurdle. For instance, specialized vessels required for installations are not available domestically," Prasad said, adding that if imported from Europe and China, they charge (in dollars) by the hour, making operations prohibitively expensive with India not having the know-how at such high cost. Envision Energy Group alone has over 80 GW of installed wind capacity worldwide — the majority in China, but outside China as well. India is our second-largest contributor in this 80 GW. Last year, globally, it added about 19 GW of capacity across the world, of which about 2 GW was in India last year.

China summons chip giant Nvidia over alleged security risks
China summons chip giant Nvidia over alleged security risks

The Hindu

time29 minutes ago

  • The Hindu

China summons chip giant Nvidia over alleged security risks

Chinese authorities summoned Nvidia representatives on Thursday to discuss "serious security issues" over some of its artificial intelligence chips, as the U.S. tech giant finds itself entangled in trade tensions between Beijing and Washington. Nvidia is a world-leading producer of AI semiconductors, but the United States effectively restricts which chips it can export to China on national security grounds. A key issue has been Chinese access to the "H20", a less powerful version of Nvidia's AI processing units that the company developed specifically for export to China. The California-based firm said this month it would resume H20 sales to China after Washington pledged to remove licensing curbs that had halted exports. But the firm still faces obstacles. U.S. lawmakers have proposed plans to require Nvidia and other manufacturers of advanced AI chips to include built-in location tracking capabilities. And Beijing's top internet regulator said Thursday it had summoned Nvidia representatives to discuss recently discovered "serious security issues" involving the H20. The Cyberspace Administration of China said it had asked Nvidia to "explain the security risks of vulnerabilities and backdoors in its H20 chips sold to China and submit relevant supporting materials". The statement posted on social media noted that, according to US experts, location tracking and remote shutdown technologies for Nvidia chips "are already matured". The announcement marked the latest complication for Nvidia in selling its advanced products in the key Chinese market, where it is in increasingly fierce competition with homegrown technology firms. CEO Jensen Huang said during a closely watched visit to Beijing this month that his firm remained committed to serving local customers. Huang said he had been assured during talks with top Chinese officials during the trip that the country was "open and stable". "They want to know that Nvidia continues to invest here, that we are still doing our best to serve the market here," he said. Nvidia this month became the first company to hit $4 trillion in market value: a new milestone in Wall Street's bet that AI will transform the global economy. Jost Wubbeke of the Sinolytics consultancy told AFP the move by China to summon Nvidia was "not surprising in the sense that targeting individual U.S. companies has become a common tool in the context of US-China tensions". "What is surprising, however, is the timing," he noted, after the two countries agreed to further talks to extend their trade truce. "China's action may signal a shift toward a more assertive stance," Wubbeke said. Beijing is also aiming to reduce reliance on foreign tech by promoting Huawei's domestically developed 910C chip as an alternative to the H20, he added. "From that perspective, the US decision to allow renewed exports of the H20 to China could be seen as counterproductive, as it might tempt Chinese hyperscalers to revert to the H20, potentially undermining momentum behind the 910C and other domestic alternatives." New hurdles to Nvidia's operation in China come as the country's economy wavers, beset by a years-long property sector crisis and heightened trade headwinds under US President Donald Trump. Chinese President Xi Jinping has called for the country to enhance self-reliance in certain areas deemed vital for national security, including AI and semiconductors, as tensions with Washington mount. The country's firms have made great strides in recent years, with Huang praising their "super-fast" innovation during his visit to Beijing this month.

If India responds to Trump's tariffs in kind: What US sells to India
If India responds to Trump's tariffs in kind: What US sells to India

First Post

time29 minutes ago

  • First Post

If India responds to Trump's tariffs in kind: What US sells to India

If India hits back with retaliatory tariffs, key US exports, especially energy, aviation, and machinery, could take a major hit. Trump's 'dead economy' jibe and 25% tariff gamble may backfire on America's $42 billion trade with India. read more US President Donald Trump on Thursday lashed out at India's ties with Russia, branding both countries' economies as 'dead' and blaming India's 'obnoxious' trade practices for a lopsided bilateral relationship. His remarks came just a day after he slapped a 25 per cent tariff on Indian imports, citing high tariffs and trade barriers from New Delhi. 'Remember, while India is our friend, we have, over the years, done relatively little business with them because their Tariffs are far too high, among the highest in the World, and they have the most strenuous and obnoxious non-monetary Trade Barriers of any Country,' Trump said, citing a 'massive' trade deficit with India. STORY CONTINUES BELOW THIS AD While Trump accused India of stifling trade, a tit-for-tat response from New Delhi could threaten key US exports that generate billions annually. In 2024 alone, India imported around $42 billion worth of American goods, nearly half of which came from just a handful of categories. Here's what the US exports to India and where it could hurt most: Top US exports to India that may face retaliation Mineral fuels & petroleum – $12.9B: Crude oil, LNG, petroleum coke, critical for India's energy sector. India could shift to alternative suppliers like Russia, the Middle East or Latin America. Precious stones & metals – $5.3B: Gold, diamonds, and metals vital for Indian jewellery exports. India has ample alternative markets in Europe, Africa, and the Gulf. Machinery – $3.3B: Industrial and energy machinery. China, Germany, Japan and South Korea remain viable alternatives. Aircraft & spacecraft – $3.0B: Used in India's aviation and defence sectors. European manufacturers are already courting India as the US turns protectionist. Electronics – $2.2B: India's booming electronics sector can easily pivot to Chinese and Southeast Asian suppliers. Medical equipment – $2.0B: High-end diagnostic tools vital to Indian healthcare, but pricing pressures from tariffs may redirect imports to Europe or South Korea. Plastics – $1.4B: Used across packaging and manufacturing sectors. Edible fruits & nuts – $1.2B: Almonds, pistachios, and walnuts—major US exports vulnerable to price-sensitive Indian buyers. STORY CONTINUES BELOW THIS AD Organic chemicals – $1.1B: Used in pharma, chemicals, and agri-sectors. India may explore ASEAN or EU options. Iron & steel – $860M: Needed for construction and manufacturing, but India already has cheaper suppliers. Why Trump's gamble may backfire India, now the fourth-largest economy, has become a vital market for US businesses. Slapping tariffs risks alienating a high-growth trade partner, especially as India diversifies sourcing and moves up the manufacturing value chain. US energy giants, aviation firms, and machinery exporters could face steep losses if New Delhi retaliates—and India has no shortage of alternative suppliers. Trump may see tariffs as leverage, but in this case, he may just be handing the advantage to America's global rivals.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store