Bidco wins decade-long Sh1.3bn tax duel Monday December 21 2020 By SAM KIPLAGAT Summary The Tribunal agreed with the Thika-based plant that the taxman did not properly apply provisions governing customs valuation on imported goods, when it assessed its taxes in 2008. The KRA made a demand of Sh702 million from Bidco after conducting an audit on the firm’s imports between January 2004 and July 2008. It said the audit revealed that values declared on credit and debit notes were 110 percent of the customs value declared by Bidco. The taxman concluded that the firm had under-declared the value of the imports of crude palm oil, palm stearin, crude palm olein, crude degummed soya bean oil and crude palm kernel oil from Singapore.