Australia's PAS Group first-half earnings weighed on by unfavourable NZ Customs ruling

Tue, 09 Jan 2018

By Paul McBeth Jan. 10 (BusinessDesk) - Australia's PAS Group, whose suite of retail brands include Review, Black Pepper and JETS, says first-half earnings will be weighed down by a New Zealand Customs decision that didn't go its way last year. In 2016, the Mt Waverly, Victoria-based retailer won a $1.08 million refund from overpaying duty on Black Pepper products imported into New Zealand between 2005 and 2010. However, last year a decision on the level of interest accrued from the overpayments didn't go as far as PAS had anticipated, a...

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