Business

Tighten system, ZRA urged

KABANDA CHULU, Lusaka
THE Ministry of Mines has written to Zambia Revenue Authority (ZRA) to tighten its system and cancel mineral export permits that are being re-used for more exports resulting in the country losing millions of Kwacha in tax revenues.
This follows the Ministry of Mines’ penalising seven mineral exporting companies that exported excess copper instead of the permitted quantities.
Recently, the Auditor General’s report revealed that some mining companies exported more than was permissible. It stated that six mineral exporters actually exported 6,241,628 kilogrammes (kgs) instead of exporting permitted 3,402,172 kgs.
But then Ministry of Mines acting permanent secretary Gideon Ndalama wrote the ZRA Commissioner General requesting the authority to come up with a tight system whereby all exports should be knocked off from the amount permitted on the mineral export permit and the balance captured in the Asycuda world system.
“When the permitted quantity is exhausted, you should be able to come up with a way of invalidating the permit so that it cannot be re-used for more exports.
“This is intended to prevent over-exports during the transition period towards full operationalisation of the mineral output statistical evaluation system under the auspices of the mineral value chain monitoring system,” Mr Ndalama said.
And Ministry of Mines director of mines Mooya Lumamba named Sew Trident Limited, Triple N Mining Limited, Mabiza Resources Limited, Rongbo Mining Limited, Eastern Golden Wheels Limited, Cui Jiang Ping Limited and Advantex Investment Limited as the companies that have been penalised for the export of copper in excess of permitted quantity.

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