Kenya Revenue Authority has rolled out the Excisable Goods Management System (EGMS) for the non-alcoholic drinks.
The project aims to beef up the fight against illicit trade and protect members of the public from unregulated products in the excisable goods sector. Additionally, the system will bring in more revenue to the government agency.
EGMS was first implemented on tobacco, wines and spirits which have since recorded an increase in revenue collection. This is a clear indication that implementation of the system has lived true to its form.
Over the past years, excise stamps have only been applicable to tobacco, wines and spirits. This is the first time excise stamps is covering non-alcoholic drinks such as bottled water, juice and soda.
Concerns that use of excise stamps on non-alcoholic drinks will increase their prices as manufacturers pass on the cost to end consumers, still linger.
