FEATURED STORY

KRA Seizes Alcohol Worth Sh12mn With Fake Excise Stamps

Share
Times Tower, the KRA headquarters in Nairobi.
KRA's Times Tower Headquarters. Members of the public have been requested to verify the status of payment of Customs duty of registered motor vehicles with the Kenya Revenue Authority before purchasing the same.
Share

Kenya Revenue Authority (KRA) in conjunction with the multi-agency team charged with combating illicit trade has impounded more than 1,600 cartons of alcoholic products bearing fake excise stamps.

The products, which have a market value of Ksh12 million, were seized at a Thika-based plant in Kiambu County. The products branded Fiesta Special Ice, were packed in 10-litre bottles.

Earlier in the week, the multi-agency team had received intelligence alert that a six-wheeler lorry was ferrying spirituous drinks affixed with suspected fake excise stamps.

The lorry was intercepted and upon verification, it was confirmed that indeed the products were bearing counterfeit excise stamps.

The lorry was driven to the factory alleged to be manufacturing the drinks where more casks were seized with counterfeit excise stamps.

A verification exercise was carried out at the factory where it was established that the manufacturer runs two parallel production lines.

One of the production lines had KRA excise licenses while the other was concealed in an adjacent building and was operating without an excise license.

The team seized the counterfeit products and secured the company as further investigation get underway.

On Thursday, the authority announced the appointment of Rispah Simiyu as Commissioner For Domestic Taxes replacing Elizabeth Meyo who had been holding the position since April 2019.

Mrs. Simiyu who had been serving as the KRA Deputy Commissioner in charge of the Tax Dispute Resolution docket will be assuming her new role from October 22, 2020.

See Also>>>> KRA Rolls Out New App. Anticipates More Kenyans Will Join Tax Bracket

Leave a comment

Leave a Reply

Your email address will not be published.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

PAST ARTICLES AND INSIGHTS

Related Articles
CBK Bond Switch Auction
BUSINESSFEATURED STORYNEWS

CBK Accepts Bids Worth KSh 18.4 Bn At Bond Switch Auction

CBK (Central Bank of Kenya) accepted bids worth KSh 18.4bn from investors...

Equity Group
BUSINESSMARKETSNEWS

Equity Group Hits Speed Bumps on Planned Ethiopian Entry

Equity Group has abandoned its plans to enter Ethiopian in what it...

Samwel Mukami Makome
BUSINESSFEATURED STORYNEWSPERSON OF INTERESTREAL ESTATE

HF Group Plc Appoints Two New Directors to Its Board

HF (Housing Finance) Group, a listed real estate firm, has announced changes...

Edwin Dande CEO Cytonn Investments
BUSINESSNEWSREAL ESTATE

Cytonn Properties to be Auctioned Over KSh11 billion Owed to Investors

Cytonn Investments Properties, an outfit owned by one Edwin Dande, could finally...