FEATURED STORY

KRA Destroys Counterfeit Goods Worth Sh1.5 Billion

Share
KRA Officials overseeing the destruction of fake products in Athi [Photo/KRA]
Share

Kenya Revenue Authority (KRA) on Friday destroyed illicit excisable products with a market value of over Kshs1.5 billion in Stony Athi, Kajiado County.

The goods seized from traders in Nairobi and its environs were being sold in violation of regulations stipulated under the Excise Duty Act.

The Illicit goods

“The products destroyed include 25,070 bottles of beer, 102,004 bottles of wine, spirits packed in 82,538 bottles and 104,786 bottles of juice,” KRA said in a statement.

It further added that the goods could have led to a loss of over Ksh 400 million in tax revenue.

“Also destroyed was an assortment of machinery used in the production of some goods, 93, 670 bottles of water, 60, 000 fake excise stamps and 6, 450 packets of cigarettes, cigars, cigarillos, and shisha packed in 50 packets,” said KRA.

“Today’s destruction exercise marks a significant milestone in the fight against illicit trade and contraband goods in the country. It underscores the government’s determination and keenness to annihilate the vices of illicit trade and contraband goods,” added KRA.

KRA Partnerships

KRA impounded the products in partnership with the various government agencies that constitute the multiagency team charged with combating illicit trade and contraband goods.

Among government agencies in the multiagency team are; Office of the President, Ministry of Interior and Coordination of National Government, Kenya Bureau of Standards (Kebs), Anti-Counterfeit Agency (ACA), NACADA and the Department of Public Health.

Illicit trade unfair

KRA further added that the illicit trade and contraband goods pose unfair competition to the legally trading products in the market and also pose potential health hazards to unsuspecting consumers.

“Illicit trade and contraband goods are also detrimental to the economic muscle of any country as they lead to massive loss of government revenue through tax evasion,” noted the Multi-Agency team.

The tax agency has appealed to members of the public aid the government in combating illicit trade and contraband goods through the provision of crucial intelligence.

The illicit products were confiscated in the course of the last and prior financial years.

Written by
Brenda Gamonde -

Brenda Gamonde is reporter with Business Today. Email: [email protected]

Leave a comment

Leave a Reply

Your email address will not be published. Required fields are marked *

PAST ARTICLES AND INSIGHTS

Related Articles
The Central Bank of Kenya (CBK) headquarters in Nairobi.
FEATURED STORY

Central Bank of Kenya in Switch Bond Auction As 2026 Begins

Central Bank of Kenya(CBK)is offering a Treasury Bonds Auction switch from a...

NSE gave huge returns to investors in 2025
FEATURED STORY

NSE in 2025: Highs and Lows, Desperate Attempts to Weed out Speculators and Tech Advances

NSE(Nairobi Securities Exchange)gave spectacular returns to both institutional as well as retail...

Cooperatives & MSME Development CS Wycliffe Oparanya.
FEATURED STORY

Cooperatives Sector: Missed Opportunities and Outlook in 2026

Cooperatives sector players and stakeholders in Kenya is still holding its breath...

Former WPP-Scangroup CEO Bharat Thakrar
FEATURED STORY

WPP ScanGroup Joins List of Firms that Have Issued Profit Alert

WPP ScanGroup, listed at the Nairobi Securities Exchange(NSE), has joined a list...