Illicit cigarette trade
http://dbpedia.org/resource/Illicit_cigarette_trade an entity of type: Thing
The illicit cigarette trade is defined as “the production, import, export, purchase, sale, or possession of tobacco goods which fail to comply with legislation” (FATF 2012). Illicit cigarette trade activities fall under 3 categories: 1.
* Contraband: cigarettes smuggled from abroad without domestic duty paid; 2.
* Counterfeit: cigarettes manufactured without authorization of the rightful owners, with intent to deceive consumers and to avoid paying duty; 3.
* Illicit whites: brands manufactured legitimately in one country, but smuggled and sold in another without duties being paid.
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Illicit cigarette trade
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The illicit cigarette trade is defined as “the production, import, export, purchase, sale, or possession of tobacco goods which fail to comply with legislation” (FATF 2012). Illicit cigarette trade activities fall under 3 categories: 1.
* Contraband: cigarettes smuggled from abroad without domestic duty paid; 2.
* Counterfeit: cigarettes manufactured without authorization of the rightful owners, with intent to deceive consumers and to avoid paying duty; 3.
* Illicit whites: brands manufactured legitimately in one country, but smuggled and sold in another without duties being paid. Cigarette smuggling, also informally referred to as "buttlegging," is the illicit transportation of cigarettes or cigars from an administrative division with low taxation to a division with high taxation for sale and consumption. The practice, commonly used by the tobacco industry, organized crime syndicates and rebel groups, is a form of tax evasion. Interstate 95, a highway traversing the East Coast of the United States, came to be known informally as "New Tobacco Road" when it became a favorite cigarette-smuggling route. Illicit cigarette trade is usually a crime.
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