Nairobi, Oct. 13 -- Premier Foods Limited, the maker of Peptang sauces, jams and juices, has lost a Sh180.8 million tax fight with the Kenya Revenue Authority (KRA) after it failed to update records that granted its parent company the right to import industrial sugar under a special East African Community (EAC) tax remission scheme.

Premier Foods' woes began after it took over the manufacturing operations of its parent company following an internal business restructuring.

Published by HT Digital Content Services with permission from Business Daily....