Categories: Editor's Picks

ZRA intercepts truck load of Salaula worth about K700, 000

• ZRA has further intercepted 17 vehicles for various offences related to abuse of rebates.
• Smuggling is a big threat to the economic growth of any sector.
• It creates price distortions, unfair competition and robes the country of the much-needed revenue.

Zambia Revenue Authority (ZRA) says it has intercepted a truck laden with second hand clothes also known as Salaula on the southern route worth about K700, 000.
Authority Corporate Communications Manager Topsy Sikalinda told Money FM News that the consignment is a case of outright smuggling that contravenes Section 132 and 149 of the Customs and Excise Act of the Laws of Zambia.
Mr. Sikalinda stated that the Authority has also intercepted 17 vehicles for various offences related to abuse of rebates such as the persons with disability and other Public Benefit Organization rebates.
He reiterated that smuggling is a big threat to economic growth, as it creates price distortions, unfair competition and robes the country of the much-needed revenue.
“The Government of the Republic of Zambia announced various initiatives such as free education, increased Community Development Fund and many others that require tax revenue to be actualized,” Mr. Sikalinda said.
He advised everyone in the entire business chain of importing and exporting goods to take full responsibility and ensure that their business partners are genuine and doing the right thing.

More From Author

World Bank urges Zambia to capture other benefits beyond mining sector

• World Bank is committed to supporting African countries to translate Africa’s mineral wealth into…

Read More

Kwacha gains should benefit consumers – BuyZed

• This is to ensure that consumers begin to enjoy what is produced locally.• Manufactures…

Read More

SEC attributes decline in Q4 bond trades to delayed debt restructuring process

• One of the challenges is to do with the delays in finalizing the debt…

Read More

Leave a Reply

Your email address will not be published.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

You May Also Like

EAZ underscores urgency of addressing pressing economic issues ahead of Summit

  There is need to navigate the economic headwinds with determination, resilience, and a shared…

Read More

Mfuwe International Airport to be temporarily closed for rehabilitation

Mfuwe International Airport infrastructure has recorded marked deterioration. During the rehabilitation period which is expected…

Read More

ZICA calls for recruitment of registered accountants in Councils

Recruitment of registered accountants in local authorities will lead to significant improvements in financial management…

Read More