Why Parallel Import Cars Are Cheaper?

What does parallel import mean?

A parallel import is a non-counterfeit product imported from another country without the permission of the intellectual property owner.

Parallel imports are often referred to as grey product and are implicated in issues of international trade, and intellectual property.

Some countries allow it but others do not..

What is parallel selling?

Parallel imports (or gray market goods) refer to branded goods that are imported into a market and sold there without the trademark owner’s consent in that market. …

What is the difference between GREY and parallel import?

Unlike parallel imports, grey imports are brought in from outside the EU, often from Japan. … Grey import bikes haven’t been EU approved. It’s important to get your new wheels approved so it meets environmental and safety regulations.

Is parallel importing illegal 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. As such, it is an issue that arises frequently in practice, but is rarely litigated on.

What does a GREY import mean?

A “grey import” is a product that has been imported from a country outside of the EU and therefore outside of the manufacturers authorised trading channels.

Do fake perfumes smell same?

Are they the same quality & smell? Yes, they are completely the same and of the same concentrate. Often a fragrance will only mature on your skin after 30 minutes and up to 1 hour.

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.

What is a perfume parallel import?

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 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 parallel means?

extending in the same direction, equidistant at all points, and never converging or diverging: parallel rows of trees. having the same direction, course, nature, or tendency; corresponding; similar; analogous: Canada and the U.S. have many parallel economic interests.

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.

What is a parallel export?

Parallel exporting means buying medicines placed on the market in the UK for UK patients so that you can sell them in another country in the European Economic Area ( EEA ). You cannot parallel export medicines on the restricted medicines list.

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.

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.

What are the grades of perfume?

Cologne to Parfum: your easy guide to the strengths of scentExtract/extrait/solid perfume – 20-30%Perfume – 15-25 %Eau de Parfum (EDP) – 8-15%Eau de Toilette (EDT) – 4-8%Cologne (EDC) – 2-4%Body cream/lotion – 3-4%After Shave/Splash – 2-4%Soap – 2-4%