Japanese discount store chain Daiso Industries Co has been banned from importing any goods to Taiwan for two years as a penalty for altering transaction dates to obtain an import permit, the Ministry of Economic Affairs said yesterday.
The ministry has revoked the company’s import permit and fined it NT$41.64 million (US$1.39 million) , Bureau of Foreign Trade Deputy Director-General Lee Guann-jyh (李冠志) told the Legislative Yuan in Taipei.
The ministry has also notified the Customs Administration of the ban, as some products imported by the company might have entered the market, he added.
Photo: CNA
Lee’s remarks came after New Power Party Executive Chairman Huang Kuo-chang (黃國昌) last month accused the ministry of turning a blind eye to Daiso, which allegedly imported goods from Japan during a six-month import suspension period in 2015.
The government has tightened the regulations on imports of food and high-risk products from Japan after the Fukushima Dai-ichi nuclear power plant disaster in March 2011.
Daiso was in 2015 prohibited from importing any products into Taiwan after it was found to have illegally import food products from the five Japanese prefectures from which food imports were banned.
The Foreign Trade Act (貿易法) stipulates that companies may import or export goods during a suspension period if the transactions had been established before the punishment was issued, according to.
However, most of Daiso’s goods imported to Taiwan during the suspension period were ordered after the punishment had been imposed, Huang said.
Daiso denied the accusations, but a statement on its Web site said that its management team had made a wrong decision to switch the dates in a bid to obtain approval from the government.
The Japanese budget store chain, which sells more than 20,000 items, operates about 60 stores in Taiwan, company data showed.
Zhang Yazhou was sitting in the passenger seat of her Tesla Model 3 when she said she heard her father’s panicked voice: The brakes do not work. Approaching a red light, her father swerved around two cars before plowing into a sport utility vehicle and a sedan, and crashing into a large concrete barrier. Stunned, Zhang gazed at the deflating airbag in front of her. She could never have imagined what was to come: Tesla Inc sued her for defamation for complaining publicly about the vehicles brakes — and won. A Chinese court ordered Zhang to pay more than US$23,000 in
Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) yesterday said that its investment plan in Arizona is going according to schedule, following a local media report claiming that the company is planning to break ground on its third wafer fab in the US in June. In a statement, TSMC said it does not comment on market speculation, but that its investments in Arizona are proceeding well. TSMC is investing more than US$65 billion in Arizona to build three advanced wafer fabs. The first one has started production using the 4-nanometer (nm) process, while the second one would start mass production using the
A TAIWAN DEAL: TSMC is in early talks to fully operate Intel’s US semiconductor factories in a deal first raised by Trump officials, but Intel’s interest is uncertain Broadcom Inc has had informal talks with its advisers about making a bid for Intel Corp’s chip-design and marketing business, the Wall Street Journal reported, citing people familiar with the matter. Nothing has been submitted to Intel and Broadcom could decide not to pursue a deal, according to the Journal. Bloomberg News earlier reported that Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) is in early talks for a controlling stake in Intel’s factories at the request of officials at US President Donald Trump’s administration, as the president looks to boost US manufacturing and maintain the country’s leadership in critical technologies. Trump officials raised the
From George Clooney to LeBron James, celebrities in the US have cashed in on tequila’s soaring popularity, but in Mexico, producers of the agave plant used to make the country’s most famous liquor are nursing a nasty hangover. Instead of bringing a long period of prosperity for farmers of the spiky succulent, the tequila boom has created a supply glut that sent agave prices slumping. Mexican tequila exports surged from 224 million liters in 2018 to a record 402 million last year, according to the Tequila Regulatory Council, which oversees qualification for the internationally recognized denomination of origin label. The US, Germany, Spain,