The lifting of restrictions on the use of customs bonded warehouses in the country will help stabilise the supply of imported goods, local manufactures have affirmed. In a gazette notice dated April 15, 2021, Kenya Revenue Authority (KRA) revised an earlier order issued in May 2020, widened the scope of goods that were not eligible for customs bonded warehouses. A customs bonded warehouse is a warehouse licensed by the commissioner of customs for the storage of goods imported, into the region, pending the payment of duties. "Warehousing ensures continuous production as raw materials are kept within the country rather than imported when required,” KAM chief executive Phyllis Wakiaga told the Star. She said lifting the restrictions is critical in stabilising the supply of imported finished goods and raw material, a time when the Covid-19 pandemic has disrupted the global supply chain.

Source: The Star May 25, 2021 10:52 UTC