Published on
As part of an investigation by the European Public Prosecutor’s Office (EPPO), the Italian Financial Police (Guardia di Finanza di Vicenza) today seized €470 000 in financial assets from a company based in Vicenza (Italy).
The company allegedly evaded the payment of anti-dumping and customs duties, declaring the false origin of the imported goods (Tungsten electrodes) as Thailand instead of China. By doing so, the Italian company was able to unduly benefit from the application of a duty of 6%, instead of the higher duty of 63.5%. This led to an illegal tax saving of over €470 000, the result of the evasion of the anti-dumping duty and the related import VAT.