customs fraud
Tariff evasion scheme
Customs fraud is the deliberate misrepresentation of goods or information to evade import duties, taxes, or trade restrictions.
Common methods include undervaluing shipments, mislabeling contents, falsifying country of origin, or smuggling goods through unofficial channels.
The company was investigated for customs fraud after inspectors discovered designer handbags declared as plastic samples.
- tax evasionIllegally avoiding government dues
- contrabandProhibited trade goods
- hidden cargoConcealed shipment, often illicit
- smugglingIllegal covert transport
- undervaluationRating below actual worth
revenue loss · falsification · shell companies · shell company · criminal network · misclassification · country of origin · import duties · bribery · concealment · port of entry · financial crime · misrepresentation · duty free · free trade zones · corruption · black market · forensic accounting