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BSLCORP

0.310

(%)

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 announcement made on 16 June 2020.

 

In regard to the notice of appeal submitted by Crestronics (M) Sdn. Bhd. (“CMSB”), a wholly owned subsidiary of BSL Corporation Berhad to the Court of Appeal (“the Court”) in relation to the Shah Alam High Court decision to dismiss CMSB’s judicial review application against the Minister of Finance and Director-General of Customs, Royal Malaysian Customs Department on 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, the Board of Directors wishes to announce that CMSB had received the latest update from its solicitors.

 

At a case management held on 14 October 2020, the Court instructed the parties to file their written submissions within the stipulated time and fixed the hearing date on 17 August 2021.

 

The Company wishes to add that CMSB has obtained a stay order against the payment of the disputed import duties and sales tax until the determination of its appeal before the Court of Appeal.

 

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

 

This announcement is dated 14 October 2020.






Announcement Info

Company Name BSL CORPORATION BERHAD
Stock Name BSLCORP
Date Announced 14 Oct 2020
Category General Announcement for PLC
Reference Number GA1-14102020-00078