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  "documentTitle": "Quintis Limited (QIN)",
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  "authorName": "Viceroy Research",
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  "notes": "Uses two data sources (ImportGenius and Zauba) to triangulate shipment value and product type.",
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      "kind": "callout",
      "text": "We believe that either Quintis is misquoting its sales price, or Medinext is evading import duties in similar fashion to Shanghai Richer Link.",
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      "text": "Note that 25 tonnes has been shipped with value of around US$10/kg, or $10,000/tonne, less than 10% of TFS’s sale price claim of $155,000/tonne.",
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      "text": "sales price per tonne: $10,000/tonne",
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      "kind": "paragraph",
      "text": "We looked into shipment records and found a record showing Medinext General Trading shipping 25 tons of Western Australian Sandalwood (not Indian Sandalwood) from Australia to India.",
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      "text": "Note that 25 tonnes has been shipped with value of around US$10/kg, or $10,000/tonne, less than 10% of TFS’s sale price claim of $155,000/tonne. In fact, no sandalwood is currently being shipped with value over US$15/kg.",
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      "kind": "source-note",
      "text": "36 https://www.importgenius.com/india/suppliers/m-s-medinext-general-trading-l-l-c 37 https://www.zauba.com/import-12119050-hs-code.html",
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      "text": "Bill of Lading for Medinext General Trading",
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      "text": "Zauba import data extract",
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