
U601 Oil indicator
U601 series Oil Viewing Device is designed to watch whether the pipes of the fueling machine is full of liquid or not.
Materials:
Body: Brass
Viewing glass: Toughened glass
seals: Buna-N
Surface: electronic Chromium plated
Bearing: Iron ball
Features :
U601 Oil View Device provides a 360°swivel action which can reduce the physical strain
100% Factory Tested.
Package:
Net Weight Cross Weight Dimension
36.5kg/case of 50 40kg/case of 50 27.5x27x33 cm / case of 50
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l crime escalated to a peak in 2002 when it affected £12 billion of overseas
sales fuel dispenser . In 2003 and 2004, it diminished sharply as the taxman fought back. But in the past year or so, the criminals
have regained the upper hand by introducing a new link in the chain in countries such as Dubai and Switzerland
which are outside the EU. The value of goods exports to Switzerland ballooned by 75% between 2004 and 2005, a
tribute to the ingenuity of fraudsters rather than exporters.
The fraud is costing the Treasury dear. In the financial year from April 2004 to March 2005, the resulting tax losses
were reckoned to be between £1.1 billion and £1.9 billion. However, this was a period when the fraud was
quiescent. Since then it has surged, so much so that the trade affected in the first three months of 2006 exceeded
the total for 2004-05 and was equivalent to fully 10% of legitimate goods exports.
Trade figures within the EU are based on the VAT system. The fraud is thus picked up in exports (because the
exporter is reclaiming the tax) but not in imports (because the importer does not account for the tax). The Office
for National Statistics (ONS) decided in 2003 to adjust the trade figures by adding the fraudulent activity to
imports rather than stripping it out of exports. This complies with international rules to record criminal activity such
as smuggling in the national accounts.
The ONS s procedure ensures that the fraud does not affect the trade balance or nominal GDP. However, it is
leading to some minor discrepancies in the contribution of net trade (exports less imports) to real GDP growth. The
official series shows that net trade reduced GDP growth in 2005 by a tenth of a percentage point, whereas it
marginally added to growth on the basis of figures excluding the fraud. The difference arises because the price
indices used to turn trade into real terms differ for exports and imports. The ONS will get rid of this discrepancy
later in June by applying the import-price index to the fraudulent fuel dispenser fuel dispenser