KRA to proceed with release of new generation stamps

The agency said the stamps would significantly reduce counterfeit products.

Saturday March 12 2016

Kenya Revenue Authority (KRA) Commissioner General John Njiraini addresses a press conference at Harambee House on February 9, 2016. On March 11, 2016, the authority maintained that beer manufacturers and importers have up to the end of the month to sell all their products in the market that do not have new generation excise duty stamps affixed.  PHOTO | ROBERT NGUGI | NATION MEDIA GROUP

Kenya Revenue Authority (KRA) Commissioner General John Njiraini addresses a press conference at Harambee House on February 9, 2016. On March 11, 2016, the authority maintained that beer manufacturers and importers have up to the end of the month to sell all their products in the market that do not have new generation excise duty stamps affixed. PHOTO | ROBERT NGUGI | NATION MEDIA GROUP 

By VINCENT ACHUKA
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The Kenya Revenue Authority has insisted it will roll out new generation excise duty stamps for beer, mineral water, juices and soft drinks despite protests from manufactures, who threatened to pass the added costs on to consumers.

The agency said the stamps would significantly reduce counterfeit products.

The move, which comes less than three months after the implementation of the Excise Duty Act, which saw an increase in the price of these products, is aimed at raising an additional Sh17 billion in revenue.

On Friday, the authority maintained that beer manufacturers and importers have up to the end of the month to sell all their products in the market that do not have new generation excise duty stamps affixed.

Implementation deadlines for the other three categories — mineral water, juices and soft drinks — will be set later.

The KRA said it will complete this second phase of the Excise Goods Management System by the end of this financial year.

“Old stock of beer manufactured or imported and already in the market before February 1 without excise stamps will only be allowed in the market until March 31,” said Ms Alice Owuor, KRA commissioner of domestic taxes.

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