In a filing with Bursa Malaysia, Tan Chong Motor Holdings says that its subsidiary Tan Chong Motor Assemblies (TCMA) has been served with bills of demand amounting to RM180.11 million for excise duties by the Royal Malaysian Customs Department (RMCD), as The Edge reports. The claims for the duties are for the period from November 1, 2016 to October 31, 2019.
It its filing, the company said that “TCMA does not admit to any liability on the demands made by the RMCD and will take the appropriate measures upon seeking further advice on the matter.” It added that it will update on any material developments on the matter from time to time.
TCMA is the automotive group’s manufacturing subsidiary. It began operations in 1976 at its Segambut plant in Kuala Lumput, later expanding production at a new facility in Serendah, Selangor. The company also maintains assembly plants in Da Nang, Vietnam and Yangon, Myanmar.
The subsidiary has produced more than a million passenger and commercial vehicles for Nissan, Renault, Subaru, Mitsubishi, UD Trucks, Foton and Bison trucks.
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Ana mau lari dari bayar cukai..
Kesian.
This $180m can improve the living conditions of foreign workers here, place them all in kondo with free kafetaria, gym & padang kriket..
We must responsibled to put an end to foreign workers living in squalid conditions in rumah “kongsi” at projek sites, 3 room flat or shoplot. As many as 20 people stuffed into 1 unit. And live in deplorable conditions beyond human living, that lack basic amenities. Hidup Malaysia!
This is what happens when they let their trolling salesmen loose creating fake stories.
Not really. They deserved it for lowballing their customers with bad quality, underspeccing the cars, and still selling outdated models.
After 2 months of basically no revenue for government, plus lower petronas contribution due to super low oil price – the new back door PM needs money badly.
He had spent some 20 billion with no return.. Trust me.. The govt will be firm on this matter so pay up TC!!
Lucky Nissan buyers got CBU cars on ckd price.
The new C27 Serena plagued with issues leh. From leaking rear absorbers to white snow when the AC is turned on. So much for CBU quality.
it will contribute to price increases that may negatively impact demand and jobs eventually lower excise duty and taxes unless the issue/reason is getting it while you can.
This is the curse of Pakatan NAP2020. I hope they never return ever again.
sudah tipu
bayarlah
“its gonna affect the prices downstream! *sobs* *sobs*”
while still selling subpar cars.
Can we say buy buy to ETCM now? Lousy product, inflated price, shoddy specs.
what a shame
nissan will die
bayar la. dont run. blame your accountant for this.
Raises an ethical question for imposing duties. While it may be a form of taxation, there should be clear and transparent laws that are applicable to all car makes. Not higher duties for luxury makers and then less for cheaper makes. What happens is this, TCM looks for loopholes to avoid paying and so does the majority of car makes. Complex laws result in multiple loopholes to be exploited