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Commodity Watch

List Of Commodities Who’s Prices Are Set To Shoot

BY Getrude Mathayo · April 5, 2023 12:04 pm

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Bottled water will now have a new exercise stamp of 0.5 shillings per stamp while a 3 shillings per stamp fee was imposed on beers, ciders, and mixtures of fermented beverages.

Starting from March 5th April, following the agreement of the Excise Duty Excisable Good Management System Amendment Regulations 2023, prices of bottled water, and beer among 14 other products are set to increase.

According to Cabinet Secretary Njuguna Ndung’u, In the regulations gazetted, new excise stamp fees were published

This means consumers will have to dig deeper into their pockets to access the products, at a time when city residents and parts of the country are struggling to access clean water

Bottled water will now have a new exercise stamp of 0.5 shillings per stamp while a 3 shillings per stamp fee was imposed on beers, ciders, and mixtures of fermented beverages.

“In the list are products containing nicotine or nicotine substitutes intended for inhalation without combustion or oral application but excluding medicinal products approved by the Cabinet Secretary responsible for matters relating to health,” read the regulations in part.

Spirituous beverages of an alcoholic strength not exceeding 6 percent and compounded spirits of alcoholic strength exceeding 6 percent were also included in the list.

Related Content: Excise Duty on Beer, Water to Increase By 6.3% From October 2022

“Regulation 3 of the Excise Duty (Excisable Goods Management System) Regulations, 2017 hereinafter referred to as the principal Regulations, is amended by deleting paragraph (1) and replacing it with the following new paragraph.

“Every package of excisable goods manufactured or imported into Kenya listed in the first schedule to the regulations shall be affixed with an excise stamp,” read the regulations in part.

According to the new charges, cigars, cigarettes, and electronic cigarettes were the most affected with a new exercise fee of 5 shillings per stamp.

Stamps for wines and spirits were also set at 5 shillings per stamp while those of other non-alcoholic beverages will be charged at 2.2 shillings per stamp.

Related Content: KAM Protests Move To Increase Excise Duty By Over 100%

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