THE Zambia Revenue Authority (ZRA) has intercepted 80,000 liters of ethanol hidden in drums labeled as hydrogen peroxide.
The smugglers declared it differently in Botswana with fake stickers on the drums aimed to conceal the truth.
ZRA corporate communications Manager Oliver Nzala revealed through a statement that this smuggling attempt led to an estimated loss of K3.1 million in revenue as ethanol is a key ingredient for taxable products.
“Ethanol is used as a raw material in the production of excisable products,” Nzala said.
“Therefore, smuggling distorts the collection of data by customs for trade purposes, loss of revenue, and unfair trade competition.”
ZRA, expressed its commitment to mitigate such vices through deployed robust techniques to ensure that it actively conducts intelligence surveillance, investigations, and prosecution of unscrupulous traders.
The authority also warned taxpayers to comply with tax laws to avoid consequences like prosecution.
By Moses Makwaya
Kalemba January 5, 2024