R4 million cigarette smuggling racket busted.
Smuggling of cigarettes from Zimbabwe into South Africa through illegal crossing points along the Limpopo River, always a problem because of the tax differences, increased dramatically from the beginning of April when South African lockdown regulations banned cigarette sales.
Authorities estimate that around 30 percent of cigarettes sold in South Africa are smuggled from Zimbabwe including Pacific, Remington gold, Mega, Dullahs, Branson and Servilles brands.
This has been a problem for some time because the South African Customs Union taxes tobacco at much higher rates than Zimbabwe, opening arbitrage possibilities for smugglers.
The ban on tobacco sales under the South African lockdown just made supplying the black market even more profitable, so more people became involved. But a crackdown on both sides of the border has seen more than 30 people arrested in the last fortnight, and the seizure of cigarettes worth an estimated R4 million.
https://www.herald.co.zw/r4-million-cigarette-smuggling-racket-busted/
Related Posts
Police foil bid to smuggle tobacco products to Lanka
Police arrested five fishermen and seized 300 kg tobacco products meant for...
Eight million cigarettes seized by customs at Belfast port
A major cigarette smuggling operation has been disrupted by customs officers at...
Cess On Cigarettes Wipes Out Rs 48K Cr From Bse in 1 Day
The Goods and Services Tax Council’s decision to increase the cess on cigarettes...
CIDG operatives seize fake, smuggled goods worth P500M
Counterfeit and smuggled goods worth more than P500 million were seized during a...