Narendra Raval's Devki seeks settlement in Sh1.6bn VAT case

Devki Seeks Ksh.1.6BN Out-of-Court Negotiation With KRA

Industrialist Narendra Raval is working to settle a Ksh.1.6 billion ($12 million) tax dispute between his company, Devki Steel Mills Limited, and the Kenya Revenue Authority through an out-of-court settlement process. Lawyers for the steel manufacturer told the High Court in Mombasa that both sides are in active discussions and are trying to resolve the … The post Kenyan Billionair Devki Seeks Ksh.1.6 Billion Out of Court Negotiation With KRA fi…

Narendra Raval's Devki seeks settlement in Sh1.6bn VAT case

Billionaire industrialist Narendra Raval is seeking to resolve a $12 million tax dispute between his company, Devki Steel Mills Limited, and the Kenya Revenue Authority through an alternative dispute resolution process.Lawyers representing the steel manufacturer told the High Court in Mombasa that both sides are engaged in serious negotiations aimed at settling the matter outside court. The case pits Devki against the Treasury Cabinet Secretary …