back to top
HomeBusinessURA Busts Yaket Mineral Water Fraudsters Flouting Digital Tax Stamps In Covid-19...

URA Busts Yaket Mineral Water Fraudsters Flouting Digital Tax Stamps In Covid-19 Lockdown

Published on

- Advertisement -spot_img

The URA Domestic Taxes Enforcement Unit, working on solid intelligence moved in on Yaket International Limited, the manufacturers of Yaket Mineral Water and found the company producing and packaging unstamped water at their premises in Gayaza.

The enforcement team also established that the factory was running two production lines churning out unstamped bottled water while two trucks were found on the road conveying unstamped water from the factory. Seven trucks were also found loading unstamped water for distribution to the market.

URA Team impounding bottles water

The company’s stock room too contained unstamped water while the company failed to provide documents required to be maintained by a VAT registered taxpayer manufacturing excisable products and the Excise Registration Certificate.URA inspection taking place

Failure to provide these documents is a prosecutable offence which warrants a penalty.

Four people were arrested in connection to this crime, a case file opened, statements taken from a company representative and the nine truck drivers intercepted while production and sale of Yaket Mineral water was put on hold.

Some of the exihibits

The production area and the stock room with un-stamped water were both sealed off. Search certificates were also obtained for the stock found in the two depots in Kireka also found selling unstamped water purchased from Yaket International Limited.

The goods impounded on the trucks and in the stores were worth over UGX 1.9 Billion with tax approximated at UGX 569 Million.

Manufacturers are warned against taking advantage of the lockdown to commit crimes. Traders are also urged to desist from stocking unstamped gazetted excisable products. The public is encouraged to always check for the digital tax stamps before purchasing these items.

The Gazetted excisable items upon which digital tax stamps must be affixed include wines, spirits, mineral water, soda, beer and tobacco products.

URA commenced implementation of Digital Tax Stamps on 1st November , 2019 to combat the production, importation and supply of counterfeit goods and to also boost domestic revenue (excise duty collections).

#StayHome
#StaySafe
#DevelopingUgandaTogether

Related

Gen. Muhoozi Sends Strong Saudi Message as Amb. Ssemuddu Addresses Global Conference in Madinah

MADINAH, Saudi Arabia — Uganda’s Ambassador to Sudan and Special Presidential Envoy to Qatar,...

Museveni Commends Sarah Kiyimba, Signals Support for Brovad Investment as Mount Elgon Hotel Reopens

President Yoweri Kaguta Museveni has commended businesswoman Hajjat Sarah Kiyimba for her contribution to...

Centenary Bank Wins 2026 Bankers’ Sports Gala

Centenary Bank yesterday emerged overall winner in the 2026 Annual Bankers’ Sports Gala, which...

NIC Life, Spades Launch Affordable Family Life Insurance Plan

NIC Life Assurance Company Limited, in partnership with SPADES Insurance Brokers Limited, today...

More from The Capital Times

Africa Can Feed Itself-Museveni Declares End To Food Imports With Homegrown Solutions

President Yoweri Kaguta Museveni has reiterated the importance of food self-sufficiency in Africa, stressing...

Business Boom In Namugongo Ahead Of Martyrs Day

Business has picked up this morning at Namugongo Martyrs shrine according to traders. The...

Here is why the Faras Uganda is the Ultimate Convenience Mobility App for Every Ugandan

Kampala, Uganda – In a fast-paced world where time is increasingly precious, Ugandans are...