Importers To Lose Goods If They Fail To Declare Source Of Forex
4 years agoFri, 22 Nov 2019 14:03:17 GMT
The government will now seize imported goods at entry points if the owners fail to declare their source of foreign currency.
The measure has been adopted in a move to combat the parallel market activities, a government official has said.
Clemence Chiduwa, Finance and Economic Development Deputy Minister, said that the government was now working on mechanisms to implement the policy.
He said that the policy would encourage people to use their Nostro accounts in commercial banks.
