- Is parallel trading illegal?
- Why is parallel imported cheaper?
- What is a parallel import drug?
- What is the difference between GREY and parallel import?
- What is a parallel import perfume?
- What is the 25 year rule?
- What does GREY import mean?
- How do I stop parallel imports?
- How are parallel imports regulated?
- Is parallel import legal in Singapore?
- Is parallel import legal in Malaysia?
- What is parallel trade?
- Are parallel imports fake?
- Are GREY imports illegal?
- Is parallel import perfume original?
- How do I become a parallel importer?
Is parallel trading illegal?
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 is parallel imported 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.
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.
What is the difference between GREY and parallel import?
Unlike parallel imports, grey imports are brought in from outside the EU, often from Japan. These are mostly unusual makes and models for collectors or enthusiasts. Grey import bikes haven’t been EU approved. It’s important to get your new wheels approved so it meets environmental and safety regulations.
What is a parallel import perfume?
Parallel imported perfume 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 the 25 year rule?
This is thanks to a legal clause known as the 25-year rule, which states that certain makes and models of car that would have previously not been certified for import or use in America can now be imported as antiques. …
What does GREY import mean?
Grey import vehicles are new or used motor vehicles and motorcycles legally imported from another country through channels other than the maker’s official distribution system. The synonymous term parallel import is sometimes substituted.
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 legal in Singapore?
Introduction. Parallel imports are genuine goods that are put on the market by a trade mark proprietor in one country, and subsequently purchased and imported into another country for resale. Singapore permits parallel importation.
Is parallel import legal in Malaysia?
The Court observed that though Malaysian laws do not expressly forbid parallel importation, it is clear on principle and authority that only the registered proprietor of a mark in Malaysia has the right to import, sell or otherwise advertise for sale, goods that bear the registered mark unless it can be proven that the …
What is parallel trade?
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. … In the case of pharmaceuticals, this is incentivised by the considerable variations in drug prices between EU/EEA Member States.
Are parallel imports fake?
Parallel imports are often confused with pirated or counterfeit goods. Parallel imports are genuine. Pirated or counterfeit goods are fake versions made by people other than the original manufacturer.
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.
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.
How do I become a parallel importer?
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.