General News of Wednesday, 16 April 2014
The Special Operations Unit at the Presidency has impounded uncustomed goods imported by Top Industries, a free zones company, with face value of Ghc¢93,978.62.
Over 560 drums of alcohol were impounded by the taskforce led by Dr. Clement Apaak at a warehouse said to belong to Excellence Industries Company Limited, South Industrial Area of Accra.
According to Dr. Clement Apaak, Top Industries Company Limited had taken advantage of its free zones status to import alcohol and sold them to Excellence Industries Company Limited.
"What we found is that Top Industries is using its presence in the free zones area as a conduit to distribute alcohol without paying the required duties," Mr. Apaak told Myjoyonline.com.
Ghana in 1995 introduced the Free Trade Zones Act (Act 504) for the promotion of economic development and also to encourage the development of external trade. Such zones, which are generally administered by Customs authorities, provide relief from import duties and taxes for goods that are held within their boundaries.
But Dr. Apaak says the management of Top Industries per the development, is in serious breach of the law and therefore should be held accountable.
Top Industries risk having its license as a free zones company revoked, if it is found to have acted in breach of any of the conditions under the Act.