No. S 45
Income Tax Act
(CHAPTER 134)
Income Tax
(Precious Forests Pte. Ltd., etc. — Section 13(4)
Exemption) (Amendment) Notification 2021
In exercise of the powers conferred by section 13(4) of the Income Tax Act, the Minister for Finance makes the following Notification:
Citation and commencement
1.  This Notification is the Income Tax (Precious Forests Pte. Ltd., etc. — Section 13(4) Exemption) (Amendment) Notification 2021 and is deemed to have come into operation on 17 August 2011.
Amendment of paragraph 2
2.  Paragraph 2(1) of the Income Tax (Precious Forests Pte. Ltd., etc. — Section 13(4) Exemption) Notification 2020 (G.N. No. S 702/2020) is amended by deleting the table and substituting the following table:
“
First
column
Second
column
Third
column
Fourth
column
Fifth
column
Sixth
column
Borrower
Lender
Loan
amount
(US$)
Vessel
Agreement
Period (both dates inclusive)
Precious Forests Pte. Ltd.
1.Kasikornbank Public Company Limited;
2.The Bank of Tokyo-Mitsubishi UFJ, Ltd (Bangkok Branch); and
3.Credit Agricole Corporate and Investment Bank
8,674,699
“M.V. Ananya Naree (Hull No. 331)”
1.Secured Loan Agreement dated 3 July 2008 (as amended by Supplemental Deed dated 31 March 2011); and
2.Deed of Accession dated 8 June 2011
17 August 2011 to 4 January 2015
Precious Forests Pte. Ltd.
1.Kasikornbank Public Company Limited;
2.The Bank of Ayudhya Public Company Limited; and
3.Credit Agricole Corporate and Investment Bank
8,674,699
“M.V. Ananya Naree (Hull No. 331)”
1.Secured Loan Agreement dated 3 July 2008 (as amended by Supplemental Deed dated 31 March 2011); and
2.Deed of Accession dated 8 June 2011
5 January 2015 to 14 March 2019
1.Precious Fragrance Pte. Ltd.; and
2. Precious Thoughts Pte. Ltd.
1.Kasikornbank Public Company Limited;
2.The Bank of Tokyo-Mitsubishi UFJ, Ltd (Bangkok Branch); and
3.Credit Agricole Corporate and Investment Bank
13,212,835
1.“M.V. Benjamas Naree (Hull No. 334)”; and
2. “M.V. Chintana Naree (Hull No. 335)”
1.Secured Loan Agreement dated 3 July 2008 (as amended from time to time); and
2.Supplemental and Deed of Accession dated 19 January 2012
26 June 2012 to 4 January 2015
1.Precious Fragrance Pte. Ltd.; and
2. Precious Thoughts Pte. Ltd.
1.Kasikornbank Public Company Limited;
2.The Bank of Ayudhya Public Company Limited; and
3.Credit Agricole Corporate and Investment Bank
13,212,835
1.“M.V. Benjamas Naree (Hull No. 334)”; and
2. “M.V. Chintana Naree (Hull No. 335)”
1.Secured Loan Agreement dated 3 July 2008 (as amended from time to time); and
2.Supplemental and Deed of Accession dated 19 January 2012
5 January 2015 to 26 March 2019
”.
Made on 26 January 2021.
TAN CHING YEE
Permanent Secretary,
Ministry of Finance,
Singapore.
[R032.012.0006.Pt26.V72; AG/LEGIS/SL/134/2020/12 Vol. 1]
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