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Thursday, July 12, 2018

RBM says some businesses under-declare proceeds - The Nation Online

RBM says some businesses under-declare proceeds - The Nation Online: “This issue is serious and we are currently investigating various cases. There are unscrupulous businesspeople in the country who export things and do not properly declare the exports so that they externalise foreign exchange.

“There is a business entity which exported 70 containers of pigeon peas and only declared two. This is a serious issue and even the President [Peter Mutharika] has condemned it.”

Kabambe was responding to a query that some businesses are exporting agriculture commodities to east Africa without declaring the total quantity of their exports.

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