KRA impounds illegally imported energy drinks worth Sh1.5m
News
By
Anne Atieno
| Jul 29, 2021
The Kenya Revenue Authority (KRA) has impounded illegally imported energy drinks worth Sh1.5 million.
The consignment impounded in Sori, Migori County, was believed to be from Tanzania.
According to a statement from KRA, the consignment was intercepted for lack of excise stamps as required under Excisable Goods Regulations.
READ MORE
Stanbic Bank, Oigara sue DCI in Sh722m row with Air Afrik
Banks begin to lower cost of credit amid Treasury pressure
Kenya's real estate boom fails to ease housing crisis
Energy CS defends Adani's Sh95b deal, says power costs won't rise
Threat of high electricity cost real as Adani bags Ketraco deal
Kenya Power eyes home internet space in new digitalisation plan
We need more Adani-type deals to grow, says Mbadi
Kenya, Uganda, and Tanzania among countries to benefit from foot and mouth disease vaccine
Reports indicate there has been increased smuggling of goods through Lake Victoria.
In May, KRA in collaboration with a multi-agency team against illicit trade destroyed illicit excisable products with a market value of Sh1 billion at Stoni Athi in Kajiado County.
The products seized from various traders in Nairobi and its environs were being sold in contravention of the Excise Duty Act and various regulations and would have resulted in the loss of taxes worth over Sh400 million.
According to KRA, the destruction marked a significant milestone in the fight against illicit trade and contraband goods in the country.
Among the products destroyed at the time were 379,760 bottles of spirits, 60 drums of raw spirit, 35,615 bottles of beer, 11,000 bottles of wine and 197,000 packets of cigarettes.
The government body indicated that illicit trade not only causes unfair competition to legally trading products in the market but also poses potential health hazards to unsuspecting consumers.
The taxman has since increased surveillance to curb illicit trade and counterfeits that are smuggled into the country.