KUALA LUMPUR: BSL Corp Bhd’s wholly-owned unit Crestronics (M) Sdn Bhd has failed again in its second appeal to the ministry of finance (MoF) for the remission of two bills of demand from the Royal Malaysian Customs Selangor (RMCS) amounting to RM11.13 million. In a Bursa Malaysia filing yesterday, the precision metal parts manufacturer said Crestronics received a letter dated April 10, 2018 from the MoF on April 13, 2018 saying Crestronics’ appeal for the remission of the import duty and sales tax had been rejected.

BSL said it will continue to take all necessary steps to protect the interests of BSL and its subsidiaries.

“Based on preliminary discussions with Crestronics’ tax solicitors, BSL is of the view that there are reasonable grounds to review the MoF’s decision by way of judicial review proceedings. BSL is unable to determine precisely the financial impact for the financial year ending Aug 31, 2018,” it added. On July 10, 2017, BSL said its first application of appeal against the bills of demand had not been approved.

On Dec 19, 2014, Crestronics received from the RMCS the bills of demand for the import duty and sales tax, applicable for the period from December 2011 to July 2014.