KRA raises alarm over taxable goods with fake stamps
News
By
Fredrick Obura
| May 25, 2021
The Kenya Revenue Authority (KRA) has raised alarm over an increase in excisable products with counterfeit stamps in the market.
Kenya Association of Manufacturers lists cigarettes containing tobacco substitutes, wines and other alcoholic beverages obtained by fermentation of fruits as some of the excisable goods.
Others include mineral water, fruit juices, cosmetics and beauty products, and compounded spirits of alcoholic strengths exceeding 10 per cent.
“The public is forewarned that having excisable goods affixed with counterfeit excise stamps is an offence, consequences, if found, shall be confiscation, seizure and destruction of the goods by the commissioner,” KRA said in a statement.
READ MORE
Tax stand-off as boda boda riders defy county call to pay
Angola ICT Minister: Invest in space industry to ensure a connected, peaceful Africa
NCPB sets in motion plans to compensate farmers for fake fertiliser
Governors reject revenue Bill, demand Sh439.5 billion allocation
Firm linked to fake fertiliser calls for arrest of Linturi, NCPB boss
KPLC to pay Sh500 million for Nakumatt fire tragedy
Scented success: Passion for cologne birthed my venture
Lenders raise interest on loans despite CBK holding key rate
“A person who contravenes the provisions of the law shall also be upon conviction subjected to a fine not exceeding Sh5 million or imprisonment to a term not exceeding three years.”
KRA also warned that the means of conveyance used to carry such goods is liable for forfeiture as provided under section 211 of the East African Community Customs Management Act 2004.
- Tax stand-off as boda boda riders defy county call to pay
- Firm linked to fake fertiliser calls for arrest of Linturi, NCPB boss
- Governors reject revenue Bill, demand Sh439.5 billion allocation
- Lenders raise interest on loans despite CBK holding key rate
- Yes, prices are falling but it might be too early to celebrate
MOST READ
- SIB partners with CISI to elevate professional standards and enhance financial advisory skills among staff
BUSINESS
By Brian Ngugi
- Angola ICT Minister: Invest in space industry to ensure a connected, peaceful Africa
BUSINESS
By Brian Otieno
- NCPB sets in motion plans to compensate farmers for fake fertiliser
BUSINESS
By Titus Too