CBP Import Specialists Seize Counterfeit Watches Valued at $28.7 Million
The Import Specialist Enforcement Team (ISET) at CBP's Laredo Port of Entry recently seized a commercial shipment of counterfeit watches and other watches used to facilitate the importation carrying a combined retail value of $28.7 million.
Sign up for a free preview to unlock the rest of this article
If your job depends on informed compliance, you need International Trade Today. Delivered every business day and available any time online, only International Trade Today helps you stay current on the increasingly complex international trade regulatory environment.
A CBP import specialist selected a shipment of watches for an enforcement examination. CBP officers and import specialists discovered possible infringement of the Louis Arden and Audemars Piguet design trademarks, which are trademark recorded with CBP. CBP on June 29 seized 10 boxes containing 1,120 watches found to be infringing on the Audemars Piguet design trademark as well as 28 boxes containing 3,080 watches determined to be used to facilitate the importation of the violative watches. The combined manufacturer’s suggested retail price, had the Audemars Piguet trademark been genuine, was $28.7 million.
“This is one of the highest valued seizures in terms of MSRP in the history of the Port of Laredo,” said Sidney Aki, CBP port director, Laredo Port of Entry. “Our ISET team has proven its excellence and its continued vigilance helps companies, especially those that register their trademarks with CBP, feel confident that their intellectual and property rights are protected.”