Uganda loses Sh3bn to illicit cigarette imports
The Uganda Revenue Authority (URA) would have netted more than Ush200 billion (about Sh5.46 billion) from the cigarette trade alone but only got Ush74 billion (Sh2 billion) due to a surge in cigarette smuggling last year.
In a media briefing yesterday in Kampala, Mr Vincent Seruma, the URA assistant commissioner public and corporate affairs, said illicit importation of cigarettes occasions serious revenue losses to the exchequer.
“Cigarettes are high value. It enters the country through roguish ways which we are aware of. We have invested significantly in intelligence to break the rackets,” he said.
In the last six months, the URA said it had conducted several interceptions and recovered smuggled goods via the consolidation centre in Kisaasi, a suburb, north east of Kampala.
Related Posts
Raids at Chennai port to combat smuggling of fake currency into India
The Directorate of Revenue Intelligence (DRI) and customs officials conducted...
Five suspects on the loose after police foil HK$1.4 million smuggling bid during typhoon warning
While most Hongkongers took shelter indoors as Tropical Storm Merbok raged, a...
Steel sector requests Gov’t help as it faces another difficult year
The steel sector has sought Government support to overcome the challenges it...
YPB Group raises $1.65M to grow online anti-counterfeiting business
Anti-counterfeiting technology company YPB Group (ASX:YPB) has raised $1.65...