Lukoil Defeats Bulgaria in Court, License Restored

Business » ENERGY | August 1, 2011, Monday // 15:11| Views: | Comments: 0
Bulgaria: Lukoil Defeats Bulgaria in Court, License Restored Bulgarian Customs Agency head Vanyo Tanov has vowed to continue the fight for rendering Lukoil Neftochim legally compliant. Photo by BGNES

A Bulgarian court has stopped the preliminary execution of the two July 22 decisions of the Bulgarian Customs Agency suspending the tax warehouses operator license of Lukoil Neftochim.

The two lawsuits were opened after Lukoil lodged a claim, the press office of Administrative Court Sofia-City (ACSC) said in a statement Monday.

The court has ruled that there is sufficient evidence indicating that a preliminary execution will inflict substantial or hardly repairable damage to the claimant, pursuant to Art 166, Para 2 of the Administrative Procedure Code.

The conclusion has been reached on the grounds that the claimant is a licensed tax warehouse operator and is subject to a regime of deferred payment of excise duty.

Another decisive circumstance is the fact that claimant has been contracted to supply diesel fuel to Holding Bulgarian State Railways EAD and Sofia Public Transport Company EAD.

Apart from that, a letter from the Bulgarian Aviation Group has shown that there are no alternative sources for the supply of aviation fuel.

The court acts of ACSC can be appealed before the Supreme Administrative Court in seven days' time from their announcement to the parties.

The substantive examination of the two cases by ACSC has been scheduled for August 31, 09:00.

Bulgarian Customs Agency head Vanyo Tanov has stressed that ASCS has only moved to stop the preliminary execution of the decisions, which is not a pronouncement on the legality of the revoked licenses.

Tanov has vowed to appeal the stopped ASACS's acts before a superior court instance.

Lukoil Neftochim had its tax warehouse operator permits revoked due to its failure to install in due time the mandatory measuring devices allowing control over taxable fuel volumes released by the company on the market.

The step was officially backed by Bulgarian Prime Minister Boyko Borisov, who stressed that the observance of the law was above his personal friendship with Lukoil Bulgaria CEO Valentin Zlatev.

Energy » Be a reporter: Write and send your article
Tags: Customs Agency, Customs Agency head, Vanyo Tanov, Lukoil, Lukoil Neftochim, Lukoil Bulgaria, Valentin Zlatev, state railways, public transport, Supreme Administrative Court
Advertisement All Are Welcome! Join Now!
Bulgaria news (Sofia News Agency - is unique with being a real time news provider in English that informs its readers about the latest Bulgarian news. The editorial staff also publishes a daily online newspaper "Sofia Morning News." (Sofia News Agency - and Sofia Morning News publish the latest economic, political and cultural news that take place in Bulgaria. Foreign media analysis on Bulgaria and World News in Brief are also part of the web site and the online newspaper. News Bulgaria