2024 KIA EV9 launched in Malaysia from RM369k - GT-Line, 2 variants, 505km range, your choice of 6 or 7 seats
Neta L unveiled in China with new Snapdragon Ride Flex Fusion Platform - REEV with over 1,000km range!
Utama Berita Berita Kereta Tan Chong Settling Its Overdue Customs Bill In RM 2.7 Million/Month x 36 Payments Tan Chong Settling Its Overdue Customs Bill In RM 2.7 Million/Month x 36 Payments Berita Kereta Aswan | April 28, 2021 04:18 PM One of Malaysia's oldest car distributors is bouncing back. We earlier reported that Edaran Tan Chong Motor (ETCM) was hit with an extremely large and very overdue bill from the Royal Malaysians Customs Department (RMCD) to the tune of RM 180 million. It turns out that the amount was settled out of court and reduced to RM 109 million, with RM 10.81 million paid upfront and the rest to be paid over the next 36 months. That works out to around RM 8.1 million a quarter, or RM 2.7 million a month. This excise duty bill was accumulated from November 2016 to October 2019, and with this arrangement RMCD has agreed that the bill has been settled accordingly. The specific subsidiary of ETCM that had been hit with this bill was Tan Chong Motor Assembly (TCMA) which has manufacturing facilities in both Malaysia, as well as Vietnam and Myanmar. TCMA is responsible for producing both passenger and commercial vehicles for Nissan and Renault, the two core brands of ETCM, as well as doing contract assembly for Subaru, Mitsubishi, UD Trucks, Foto, and Bison trucks. The news has definitely impacted the share price, which fell to RM 1.18 as of writing. It has been on a steady decline over the last five years, with losses last year and this year being attributed to repayment of the overdue taxes - and of course, COVID-19. For more latest car news, reviews, car buying guides and videos visit us at Carlist.my Auto News. Check out all the best new & used car deals in Malaysia at Carlist.my. Sell your car fast with the best offer? Visit us at CarlistBid.my. Get the latest new car promotions at New Car website now. ✕ Mari berhubung dengan Whatsapp Kami mematuhi Akta Pelindungan Data Peribadi untuk melindungi anda Saya bersetuju dengan Terma Penggunaan dan Polisi Privasi Carlist.my Saya bersetuju untuk menerima komunikasi yang diperibadikan daripada Carlist.my dan penjual kereta, ahli gabungan dan rakan kongsi perniagaannya. Lihat tawaran kereta terbaik! Prev Next Tawaran istimewa - hubungi sekarang! Hari Jam Hrg. Psrn. Kenapa tiada harga disenaraikan? Kadang-kadang, penjual ingin anda hubungi mereka untuk dapatkan harga yang terbaik. I Kenapa tiada harga disenaraikan? Kadang-kadang, penjual ingin anda hubungi mereka untuk dapatkan harga yang terbaik. Tag Berkaitan Tan Chong TCMA ETCM Tax Customs Cetak Berita Berkaitan ETCM offers flood relief programme to Nissan customers caught in Klang Valley flash floods Berita Kereta Aswan | May 17, 2016 Following the flash floods that hit the Klang Valley just last week, Edaran Tan Chong Motors (ETCM) has launched a program to help those owners who ... Tan Chong Motor Assembly Given An RM180 Million Bill By Customs Department Berita Kereta Arvind | September 29, 2020 The Royal Malaysian Customs Department (RMCD) has dropped a whopping RM180.11 million bill to Tan Chong Motor Assemblies (TCMA) for excise duties due ... The Nissan Navara Returns As The 2016 Rainforest Challenge Official Car Berita Kereta Arvind | November 10, 2016 Edaran Tan Chong Motor (ETCM) has announced that it will once again, return to participating in the upcoming and much anticipated off-road ... Government Reverses Excise Duty Hike For 1.5-litre MPVs Berita Kereta Hans | April 13, 2017 Following backlash from vehicle manufacturers and the public alike, the Malaysian Customs have reversed its earlier decision to raise excise duties ... Komen
Tan Chong Settling Its Overdue Customs Bill In RM 2.7 Million/Month x 36 Payments Berita Kereta Aswan | April 28, 2021 04:18 PM One of Malaysia's oldest car distributors is bouncing back. We earlier reported that Edaran Tan Chong Motor (ETCM) was hit with an extremely large and very overdue bill from the Royal Malaysians Customs Department (RMCD) to the tune of RM 180 million. It turns out that the amount was settled out of court and reduced to RM 109 million, with RM 10.81 million paid upfront and the rest to be paid over the next 36 months. That works out to around RM 8.1 million a quarter, or RM 2.7 million a month. This excise duty bill was accumulated from November 2016 to October 2019, and with this arrangement RMCD has agreed that the bill has been settled accordingly. The specific subsidiary of ETCM that had been hit with this bill was Tan Chong Motor Assembly (TCMA) which has manufacturing facilities in both Malaysia, as well as Vietnam and Myanmar. TCMA is responsible for producing both passenger and commercial vehicles for Nissan and Renault, the two core brands of ETCM, as well as doing contract assembly for Subaru, Mitsubishi, UD Trucks, Foto, and Bison trucks. The news has definitely impacted the share price, which fell to RM 1.18 as of writing. It has been on a steady decline over the last five years, with losses last year and this year being attributed to repayment of the overdue taxes - and of course, COVID-19. For more latest car news, reviews, car buying guides and videos visit us at Carlist.my Auto News. Check out all the best new & used car deals in Malaysia at Carlist.my. Sell your car fast with the best offer? Visit us at CarlistBid.my. Get the latest new car promotions at New Car website now. ✕ Mari berhubung dengan Whatsapp Kami mematuhi Akta Pelindungan Data Peribadi untuk melindungi anda Saya bersetuju dengan Terma Penggunaan dan Polisi Privasi Carlist.my Saya bersetuju untuk menerima komunikasi yang diperibadikan daripada Carlist.my dan penjual kereta, ahli gabungan dan rakan kongsi perniagaannya. Lihat tawaran kereta terbaik! Prev Next Tawaran istimewa - hubungi sekarang! Hari Jam Hrg. Psrn. Kenapa tiada harga disenaraikan? Kadang-kadang, penjual ingin anda hubungi mereka untuk dapatkan harga yang terbaik. I Kenapa tiada harga disenaraikan? Kadang-kadang, penjual ingin anda hubungi mereka untuk dapatkan harga yang terbaik. Tag Berkaitan Tan Chong TCMA ETCM Tax Customs
Tawaran istimewa - hubungi sekarang! Hari Jam Hrg. Psrn. Kenapa tiada harga disenaraikan? Kadang-kadang, penjual ingin anda hubungi mereka untuk dapatkan harga yang terbaik. I Kenapa tiada harga disenaraikan? Kadang-kadang, penjual ingin anda hubungi mereka untuk dapatkan harga yang terbaik.
ETCM offers flood relief programme to Nissan customers caught in Klang Valley flash floods Berita Kereta Aswan | May 17, 2016 Following the flash floods that hit the Klang Valley just last week, Edaran Tan Chong Motors (ETCM) has launched a program to help those owners who ...
Tan Chong Motor Assembly Given An RM180 Million Bill By Customs Department Berita Kereta Arvind | September 29, 2020 The Royal Malaysian Customs Department (RMCD) has dropped a whopping RM180.11 million bill to Tan Chong Motor Assemblies (TCMA) for excise duties due ...
The Nissan Navara Returns As The 2016 Rainforest Challenge Official Car Berita Kereta Arvind | November 10, 2016 Edaran Tan Chong Motor (ETCM) has announced that it will once again, return to participating in the upcoming and much anticipated off-road ...
Government Reverses Excise Duty Hike For 1.5-litre MPVs Berita Kereta Hans | April 13, 2017 Following backlash from vehicle manufacturers and the public alike, the Malaysian Customs have reversed its earlier decision to raise excise duties ...