New Federal Excise Stamp Mandatory on all Tobacco Products

(firmenpresse) - OTTAWA, ONTARIO -- (Marketwire) -- 07/18/11 -- The Government of Canada's new excise tobacco stamp became mandatory on all tobacco products destined for the Canadian duty-paid market on April 1, 2011. The stamp has been available to tobacco manufacturers since September 1, 2010.

new excise stamp indicates that federal excise duty has been paid and the product was legally manufactured. It has state-of-the-art visible and hidden identifiers and security features similar to those found on Canadian banknotes. Law enforcement agencies, retailers, and consumers will be able to more easily identify counterfeit and contraband tobacco products that do not bear the stamp.

The unique colour-shift ink is another visible security feature: it shifts from red to green when the excise stamp is tilted. The stamp also has hidden security features that only federal and provincial enforcement agencies can detect. It is securely manufactured by the and , and is distributed through a secure process administered by the Canada Revenue Agency.

For a limited transition period after April 1, 2011, until inventories of the older products are depleted, both the new excise stamp and/or the former federal/provincial tear-tapes or paper stamps may appear on tobacco products in the duty-paid market. After the transition period, some provinces may continue to use provincially marked tear-tape on duty-paid tobacco products, along with the new excise stamp.

The new stamp will soon be on all duty-paid tobacco products including cigarettes, cigars, cigarillos, and fine-cut and packaged raw leaf tobacco.

For more details on the new stamp go to .



Contacts:
Noel Carisse
Media Relations, CRA
613-952-9184

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Bereitgestellt von Benutzer: MARKET WIRE
Datum: 18.07.2011 - 14:01 Uhr
Sprache: Deutsch
News-ID 35428
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