KUALA LUMPUR: The company said in a stock market filing that its Westports Malaysia unit had received several bills of demand from the Royal Malaysian Customs amounting to MYR59.5m between July 17 and Sept 29, 2017 for import of various items between 2008 and 2011.
“The demand included, inter alia, time-barred assessments for the years 2008 to 2011, import duty remittance for purchases of equipment and the Goods and Services Tax for purchases made after April 2015,” it added. Westports said its unit has been engaging with Customs and the Ministry of Finance, and has also sought additional inputs to provide guidance to the company, but it had received an unfavourable decision from the authorities on December 19, 2017.
Westports said the demand is not expected to have a material impact based on the group’s net assets. The main operator at Port Klang has been expanding its capacity in recent years with several billion ringgit spent on capital equipment such as new quay cranes and rubber tired gantry cranes (RTGs).
