Liberia Revenue Authority Awards Excise Tax Stamp Supply Contract to Company with Internationally Corrupt Reputation

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MONROVIA – A FrontPageAfrica investigation has discovered that the Liberia Revenue Authority (LRA) has awarded the contract to print excise tax stamps to an Indian company, Madras Security Printers Inc., whose reputation is marred with corruption and other scandals in several countries including Kenya, Sudan, India and Bangladesh, among others.

The LRA intends to introduce the excise tax stamps all alcohol products and tobacco beginning January 2022. The essence of the stamps, according to the LRA, is to help curtail the smuggling of these products into the country. This means, every tobacco product or bottle of alcohol products imported or manufactured in the country would have to bear the excise.

The Excise Tax Stamp is a specially designed stamp with digital and other security features which is affixed on excisable goods to show that taxes and duties have been paid or would be paid. … The Excise tax stamp is not a new…

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