FEATURED ARTICLE

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Your email address will not be published.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
KenGen has elected Eng Prof. Mosonik as New Board Chairman
BUSINESSLEADERSHIPPERSON OF INTEREST

KenGen Elects Prof. Eng. John Mosonik as New Board Chairman

KenGen has elected former Infrastructure PS Prof. Eng. John Kipngetich Mosonik as...

NSE
ANALYSISBUSINESS

NSE Under Selling Pressure Ahead of Earnings Season

The NSE (Nairobi Securities Exchange) has been under selling pressure for the...

The NSE will now have three ETFs
BUSINESS

NSE Investors: What they Stand to Gain from the New WSA Banking ETF

The proposed introduction of the Wall Street Africa (WSA) Banking Index Exchange...

Kenya Shilling Notes
BUSINESS

Kenya Shilling Stability and What is Supporting It

The Kenya Shilling has remained relatively stable around KSh129–130 against the US...