Sacco Review | The Leading Newspaper for Co-operative Movement in Kenya
The Leading Newspaper for Co-operative Movement in Kenya
Traders win relief as the cargo benchmark is cut to Ksh2 million. New rules aim to ease cargo clearance while improving compliance. Lower rail charges are set to reduce import costs. President William Ruto has directed the Kenya Revenue Authority (KRA) to lower the customs benchmark for general consolidated cargo to Ksh2 million, following talks…
KRA explains why the consolidated cargo minimum yield was raised. Traders can opt for individual customs assessment based on actual goods. New Ksh 3.2 million threshold took effect on August 21. Kenya Revenue Authority (KRA) has moved to clarify concerns raised by small-scale traders over changes to the minimum yield applied to consolidated cargo, following…
KRA proposes changes that could cut clearance costs and delays for small importers using shared containers. Traders may soon pay only for handling and clearing their own consignments instead of shared costs. Dedicated de consolidation facilities could help speed up cargo separation and reduce extra charges. Small-scale importers could soon face fewer costs and delays…
MSME Alliance has opposed KRA’s proposed increase in the consolidated cargo customs benchmark from Ksh2.5 million to Ksh3.2 million. The alliance says the 28 per cent increase would raise import costs, squeeze working capital and threaten the survival of small businesses. It wants KRA to retain the Ksh2.5 million benchmark and consult traders before making…
