In a proceeding at the appellate court on Tuesday , lawyer Datuk Malik Imtiaz Sarwar, representing the national oil and gas giant, informed a three-man bench that Petronas was applying for a postponement based on a letter that was addressed to the court on Monday.Sarawak state legal counsel Datuk Seri JC Fong said the state did not object to the postponement as Petronas had given its word to withdraw the appeal.
The joint statement stated that Petronas had retracted its appeal against a decision by the Sarawak High Court to dismiss Petronas’ request for a judicial review to declare the SST imposed by Sarawak as null and void. The two parties also reached an agreement on the management of Sarawak's oil and gas assets, as well as the sales tax on petroleum products.
On March 13, Kuching High Court Justice Azhahari Kamal Ramli ruled that according to the Federal Constitution, Sabah and Sarawak had the right to impose sales tax on their petroleum products.
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