KRA
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NEWS
KRA intercepts uncustomed ethanol worth Kshs. 10.9 Million
Kenya Revenue Authority (KRA) in collaboration with the multiagency team has intercepted a truck carrying 54 drums of uncustomed ethanol. The drums were carrying 250 litres each with an estimated market value of Kshs. 10,900,000. The ethanol had a tax implication of Kshs. 6,700,000. The consignment was intercepted along the Kacheliba-Makutano route in West Pokot County. The Multiagency team based…
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NEWS
PwC Lauds Customs for lifting restriction on warehousing of goods
PwC has commended the move by the Commissioner of Customs and Border Control, Kenya Revenue Authority to lift restrictions on warehousing of goods in Customs bonded warehouses imposed by Customs in May 2020. The policy shift by the government is a welcome relief for businesses that utilize customs bonded warehouses to store goods, defer payment of duties and are involved…
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NEWS
EABC asks governments to improve infrastructure at Border Posts to fast track cargo movement
The East African Business Council (EABC) is calling upon East Africa Partner States to prioritize the improvement of infrastructure at Border Posts, to facilitate seamless flow of goods and movement of persons, as cross border business rebounds. Poor infrastructure continues to be a huge trade barrier in East Africa and a major constraint to regional integration and development. Following a recent…
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