Grupo TFM claim upheld by court

Grupo TFM claim upheld by court    The Mexican Fiscal Court has backed a ruling made earlier this month by the Mexican Federal Appellate Court and upheld the claim by Grupo Transportaci'n Ferroviaria Mexicana, S.A. de C.V (Grupo TFM) for a value added tax payment, Transportacion Maritima Mexicana (TMM) and Kansas City Southern (KCS) said in a statement.
   TMM and Kansas City Southern are the two largest stockholders of Grupo TFM, a major Mexican railroad.
   Grupo TFM has claimed inflation and interest dating from 1997 on the 2.1 billion pesos ($18 million) value added tax refund it received from the Mexican government in January last year.
   In a joint statement, TMM and KCS said they will continue discussions with the Mexican government to try and resolve the outstanding disputes between the parties over the value added tax refund and the obligation to purchase the remaining shares of Grupo TFM in accordance with the law and applicable agreements.