Oyu Tolgoi LLC rejected the result of the inspection of Customs Organization and the Customs Inspector’s act on the company. In February last year, Oyu Tolgoi LLC filed a lawsuit in Addministrative Cases Court in the Capital City. The Administrative Cases Court and the Court of Appeal in the Capital City have been reviewed the lawsuit and concluded that the lawsuit was fully legal.

Specifically, the administrative case was reviewed by the Supreme Court of Mongolia, and the court decided to retain the appeal court decision.

As a result, Oyu Tolgoi will pay MNT 861.5 million tax and fine to the state budget for the 13.2 billion MNT to increase the customs value of electricity purchased from China in 2013-2015. The General Customs Office has announced that the company will pay an additional 1-1.5 billion MNT annually to the state budget for the cost of purchasing electricity.

Source: Montsame.mn