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PREMIUM Sh64 billion edible palm oil scandal tax probe stalls Parliamentary committee’s probe into the scandal has gone silent two years after its launch. News 20 min ago Listen

PREMIUM Sh64 billion edible palm oil scandal tax probe stalls Parliamentary committee’s probe into the scandal has gone silent two years after its launch. News 20 min ago Listen

By GhanaSummary NewsroomKenya

The government’s efforts to recover Sh64 billion in suspected revenue lost through the misdeclaration of edible palm oil have stalled, with a parliamentary committee’s investigation going silent two years after it was launched.

Photo credit: File | Nation Media Group One method involves blending 60 per cent crude palm oil with 40 per cent refined palm olein, then declaring the entire shipment at the port as crude palm oil, thereby avoiding the higher import duties applicable to refined products.

By allegedly misdeclaring refined palm oil as crude in Kenya, importers can therefore benefit both from lower export costs and by avoiding the higher import duty applicable to refined oil.

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