Brief: KS Energy Ltd updates on notice from ministry of finance of the Republic of Indonesia

KS Energy

11/02/2016 09:47

Feb 11 (Reuters) - KS Energy Ltd  KSTL.SI : 
 * Pt java star rig - customs import duty imposed)  KSTL.SI  
 * Says has received notice from the ministry of finance of the republic of Indonesia 
 * Notice that the importation of the jack-up drilling rig named the Ks Java Star was not in accordance with certain terms 
 * Pt JSR is currently reviewing the decision of the DGC with their legal advisors and plans to file an appeal at the Indonesian Tax Court 
 * Group expects the import duty and fines will negatively impact the net result for the full year ended 31 December 2015 
 * Import duty and fines totalling IDR 197.0 billion are due and payable by Pt JSR 
 * Says customs bond arranged by KS drilling has been called upon to settle the amount 
 * Source text for Eikon  ID:nSNZbJZ00m  
 
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