BSLCORP

0.025

(%)

OTHERS BSL CORPORATION BERHAD ("BSL" OR "THE COMPANY") - BILLS OF DEMAND FROM THE ROYAL MALAYSIAN CUSTOMS SELANGOR

BSL CORPORATION BERHAD

Type Announcement
Subject OTHERS
Description
BSL CORPORATION BERHAD ("BSL" OR "THE COMPANY")
- BILLS OF DEMAND FROM THE ROYAL MALAYSIAN CUSTOMS SELANGOR

Reference is made to the previous announcements made on 24 December 2014, 10 July 2017, 17 April 2018, 5 July 2018, 28 January 2019, 22 March 2019, 21 May 2019, 9 July 2019, 25 July 2019, 29 July 2019, 31 July 2019, 30 August 2019, 27 September 2019, 17 October 2019 and 5 November 2019.

 

The Board of Directors wishes to announce that Crestronics (M) Sdn. Bhd.("CMSB"), a wholly owned subsidiary of BSL Corporation Berhad had received the latest updates from its solicitors. On 6 January 2020, the Shah Alam High Court dismissed CMSB’s judicial review application against the Minister of Finance and Director-General of Customs, Royal Malaysian Customs Department (“DGC”).  The said application relates to CMSB’s challenge against the Minister of Finance’s decision to reject CMSB’s application to remit import duties and sales tax amounting to a total of RM11,131,511.26. These duties and sales tax arose from 2 bills of demand issued by the DGC. On the same day, the Shah Alam High Court also granted an interim stay order in respect of the enforcement of the said bills of demand until the filing of the notice of appeal to the Court of Appeal and application for stay to the Shah Alam High Court by 6 February 2020.

 

CMSB will appeal to the Court of Appeal against the Shah Alam High Court's decision.

 

The Company will make further announcement if there is any material update on the above said matter.

 

This announcement is dated 6 January 2020.






Announcement Info

Company Name BSL CORPORATION BERHAD
Stock Name BSLCORP
Date Announced 06 Jan 2020
Category General Announcement for PLC
Reference Number GA1-06012020-00038