Counterfeit Product

Analysis of the case:

In this case we discuss about fake products. As in this case we see that in Oman the fake products
are increasing day by day. This is due to its huge demand. Products that may be included electrical
appliances, clothing, equipment, scents, glasses, wristwatches, car chunks, paperwork, and
medicines, which are dangerous. Sometimes products get damaged, or consumers get injured and
even die from accidents. Many retailers have raised concerns about counterfeit and duplicate items
in local markets, while consumers have excused their need to purchase those items because real
items are more expensive because independent trading practices. The main reason why the public
suffers from the existence of fraudulent tax losses. A group of people working in the field of
organized crime as a fraud is less likely to declare the benefits of their business illegally.
Counterfeit Product
The impact of counterfeiting:
The commerce in Oman drops huge amounts to fraudsters. These sufferers disturb not only the
manufacturers of real goods, but also the public expenses. The final sufferers of corrupt consumer
struggle. They attain deficient goods at overpriced prices and are occasionally uncovered to health
and safety risks. Governments drop unpaid taxes and acquire substantial costs in enforcing
intellectual property rights. There are also growing worries that fraud is associated to other
corruptions, such as drug trafficking, money laundering, and terrorism.
Basis of the arguments:
The illicit industry costs the global economy hundreds of billions of dollars every year. Using a
descriptive approach, this article attempts to ignore the counterfeit culture around the world and
more details about its dangers in Oman. The purpose of this study is to examine the factors that
contribute to the practice of buying counterfeit goods in Oman. As the reality of factors influencing
consumers' intention to purchase counterfeit products, this study focuses on psychological variability.
The Department of Trade and Industry has urged traders not to trade and sell counterfeit products in
the Sultanate of Oman markets. Recently, some traders were found working on counterfeit goods,
including perfumes, watches, shoes, bags, and telephones.
Counterfeit Product
Oman laws:
This is an illegal act and a violation of intellectual property rights. Ali bin Hamad bin Saif al Mamari,
head of the Department of Intellectual Property Rights Monitoring Department, said, in accordance
with article 16/2 of the GCC International Trade Act issued under Royal Decree No. 33/2017, a
trademark owner may prevent others from using their trademarks without their consent. It also
requires compensation for losses incurred as a result of the violation of this right. Al Mamari said
article 42 of the law stipulates fines and penalties for those who violate the rights of trademarks. It
states that those who deliberately violate the rights of trademark owners will be punished with
imprisonment for a term not less than one month and not more than three years and a fine of not less
than RO 500 and not more than RO 10,000, or one of those two penalties. Copyright held by Royal
Decree 82/2000. The invention is patented in Oman if it is new, contains a new concept, and is suitable
for industrial use. However, it must not be inconsistent with public order or ethics, undermine national
security, or be inconsistent with Sharia law. Where a patent arises from an employee's work, employers
are treated as patent holders, however in such a case the composer is entitled to a fair remuneration.
Counterfeit Product
Analysis of the contra-arguments:
Fake means duplicating something that is true, with the intent to steal, destroy, or replace it, in
order to be used in an illegal transaction, or to deceive people into believing that deception is equal
or of greater value than the real thing. Counterfeit products are counterfeit or unauthorized
emblems of the actual product. Counterfeit products are often produced for the purpose of
exploiting the high value of the imitated product. Counterfeit sales look very similar to the original
product, but are sold at a much lower price, while producing higher profits. Counterfeit
manufacturing is considered a popular option for licensing business as it reduces production costs,
and other costs involved in construction, marketing etc. avoided informal re-sales.
Counterfeit Product
Analysis of the contra-arguments:
Consumers who buy counterfeit products are unlikely to buy the exact same thing and often do so
because counterfeit types are much cheaper. This means that legitimate companies deal with
competitors who steal their intellectual property (IP) without paying taxes or in accordance with
previous regulations and quality standards. Fraud and robbery are criminal activities in themselves
but also promote widespread crime by donating money that can be used for other illegal purposes.
Inevitably, large sums of money strengthen criminal organizations and make it increasingly difficult
to stem the tide of bad publicity an impact that can result in lost lives, greater security costs, and
greater physical and emotional consequences
Counterfeit Product
Implication of the case:
The first victim of fraud is you, because buying a counterfeit product puts your life and safety at risk.
Fraudsters pay little attention to safety standards or the equipment they use, even to your health
and safety. Profit is the only thing they worry about. Most of the time, counterfeit watches are
produced using poor quality and sometimes potentially dangerous items. The fact is that counterfeit
products are sold through the same criminal channels. The links between fraudulent and criminal
networks have been shown repeatedly, as counterfeiting often relies on the same infrastructure and
transportation network as other illegal activities, such as drug and weapons trafficking, illicit
trafficking, prostitution, and so on. People who are exploited in the manufacture of counterfeit
goods, including a large number of children, work under very harsh conditions, are paid exorbitant
wages, and obviously do not benefit from any legal, social, or medical protection.
Counterfeit Product
Conclusion:
It is significant to recognize that anti-fraud tactics must be based on an understanding of
the nature of fraud. Improving typology is a common practice in crime and is less important
in counterfeiting. The ideas in this presentation provide typology to help organize a
complex set of information. This helps to define the formation of problem opportunities
according to the type of fraud, fraudulent organization, and organization of offenders.
Consumer perception of counterfeit products has a negative effect on consumer
observation of luxury products. Both buyer administrations and how customers observe
the quality of treat products are affected by fake goods.
Counterfeit Product
Reference:
• https://opus.lib.uts.edu.au/bitstream/10453/36964/2/02whole.pdf
• https://www.omanobserver.om/article/27740/Front%20Stories/do-n
ot-sell-counterfeit-products-warns-moci
• https://papers.ssrn.com/sol3/papers.cfm?abstract_id=2866354
• https://core.ac.uk/download/pdf/333957499.pdf
• https://www.divaportal.org/smash/get/diva2:530386/FULLTEXT01.pd
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