@BdAfrica

Manufacturers fear KRA tool to leak trade secrets - 8 months ago, 9 Aug 09:57

Lynet Igadwah

Manufacturers have raised the alarm over possible theft of their trade secrets through a tool that Kenya Revenue Authority (KRA) intends to install on industrial production lines to monitor the flow of goods due for excise tax.

The Kenya Association of Manufacturers (KAM) Wednesday told Parliament the requirement that its members load the Excisable Goods Management System (EGMS) equipment on their production lines leaves them at the mercy of the taxman.

KRA has been implementing new excise duty stamps through the EGMS for beer, mineral water, juices and soft drinks.

New system

The new EGMS system is designed such that details of each excise stamp appended on a product at the point of manufacturing are captured by the system at the time of printing and then tracked along the supply chain right from the production facility.

The taxman will monitor production lines in the factory for output of the goods due for excise tax and ...
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