The Guyana Revenue Authority has commenced the process of stamping tobacco products. The affixing of excise stamps on units of tobacco products is an anti-smuggling measure and is being carried out in accordance with the provisions of the Customs Act, Chapter 82:01, the GRA notes.
The tax agency said that Customs Officers are currently visiting premises to verify existing inventories to initiate the stamping process. Upon the conclusion of the verification excise for tobacco products, the Commissioner-General will announce a cutoff date after which, those who purchase such products without the stamps, may be penalized in accordance with the Customs Laws, GRA informs.
The agency is quipping that it is the responsibility of the importer, retailer or reseller to provide the staff to affix the stamps under the supervision of the Customs Officers.
Stakeholders are also urged to complete the registration inventory forms on GRA’s website and submit to the Excise Stamps and Environmental Levy Section, Customs, Excise & Trade Operations, GRA or by email to firstname.lastname@example.org