Police seize fake Craven “A”, Carreras warns public
Carreras Limited is urging members of the public to desist from trading counterfeit cigarettes.
The warning follow the seizure of 58 cartons of counterfeit Craven “A” cigarettes during an operation last week by the police in St James.
The fake cigarettes have an estimated street value of $545,200.
In a statement today, Managing Director of Carreras Limited, Marcus Steele, said the company commends the efforts of the police Counter Terrorism and Organized Crime Investigation Branch to stamp-out the illegal trade in cigarette products.
According to him, the trade now account for almost 20 per cent of the total cigarette market in Jamaica.
Steele argues that the recent dramatic hike in the Special Consumption Tax on cigarettes has provided even greater fuel to the illicit trade in cigarettes which only gets more lucrative with increasing levels of taxation on cigarettes implemented by the Government.
He contends that this equates to more revenues lost by the Government, which Carreras estimate to be almost $2 billion annually.
Carreras Managing Director says the company will continue to impress upon the Government the need to ensure stronger border protection mechanisms and enforcement to stem the inflow of these illicit products.