The Zimbabwe Revenue Authority (ZIMRA) has said detained goods currently undergoing customs processes have a potential revenue value of US$847,025.30 and ZWG27,927,900.87.
In an interview with ZBC News, ZIMRA said the ongoing enforcement programme has already generated US$1,493,819.61 and ZWG87,803,715.37 in revenue that would otherwise have been lost through illicit trade.
The revenue authority said the operation, launched to combat the influx of smuggled goods, has produced tangible results through tighter enforcement measures and improved surveillance.
“The programme has, to a large extent, managed to curb the smuggling of goods through intensified enforcement operations, increased surveillance and improved compliance monitoring,” ZIMRA said.
“The initiative has also resulted in the recovery of revenue that would otherwise have been lost through illicit trade activities.
“To date, revenue amounting to USD1 493 819.61 and ZWG87 803 715.37 has been collected through the programme.
“In addition, detained goods currently under customs processes have a potential revenue value of USD847 025.30 and ZWG27 927 900.87.
“This demonstrates the significant impact the crackdown has had in plugging revenue leakages and enhancing compliance with customs and tax obligations.”
ZIMRA said the operation initially uncovered large volumes of contraband, including meat products and other restricted goods being brought into the country through informal channels.
However, it said the situation has improved considerably as enforcement efforts continue.
The authority also reminded importers of their legal obligations when bringing goods into the country.
“Importers are required to make full and correct declarations at the port of entry in accordance with customs laws and procedures,” ZIMRA said.
“Commercial goods should be cleared on a Bill of Entry, whilst non-commercial or private importations are cleared using Form 47 where applicable.”
Leave a Reply Cancel reply