New US enforcement rules could expose foreign manufacturers and others in the supply chain to criminal charges over false customs filings, raising compliance risks for Indian exporters.The United States (U.S.) Department of Justice’s Trade Fraud Task Force has surpassed $1 billion in recoveries, penalties, forfeitures, and charged losses since its launch in August 2025. US Customs and Border Protection (CBP) has assessed a further $2.1 billion in commercial trade penalties this fiscal year.Continue Reading with CNBC-TV18 Access MembershipPriority Access and Networking: CNBC-TV18’s flagship events Interaction with CNBC-TV18’s journalists Webinars & LIVE Q&As with India Inc. Leaders Exclusive CNBC-TV18 studio & newsroom tours Premium business insights, expert opinions & analysis Curated lifestyle privileges & offers
Source link
Selling to America? New US fraud rules raise the stakes for Indian exporters
Date:
More like thisRelated
From energy to electronics, India’s key sectors still rely heavily on imports
India's push for self-reliance has changed the country's production...
India cuts sugar stock limit to 15 days: What it means for prices and supply
India has tightened sugar stockholding rules for bulk consumers...
FCNR(B) inflows to boost liquidity, ease funding costs for banks: SBI, PNB, IndusInd chiefs
Foreign currency non-resident (FCNR) deposit inflows are set to...
ICICI Pru AMC’s Lalit Kumar bets on steel, textiles & manufacturing exporters; cautious on hospitals
Lalit Kumar, Senior Fund Manager at ICICI Prudential AMC,...