Active Stocks
Thu Mar 28 2024 15:59:33
  1. Tata Steel share price
  2. 155.90 2.00%
  1. ICICI Bank share price
  2. 1,095.75 1.08%
  1. HDFC Bank share price
  2. 1,448.20 0.52%
  1. ITC share price
  2. 428.55 0.13%
  1. Power Grid Corporation Of India share price
  2. 277.05 2.21%
Business News/ Industry / Energy/  Supreme Court extends time for Essar Oil’s sales tax payment
BackBack

Supreme Court extends time for Essar Oil’s sales tax payment

Essar Oil allowed to repay its last instalment of sales tax dues to Gujarat government in six months

Essar has already paid seven instalments earlier amounting to a total of Rs6,500 crore. Photo: BloombergPremium
Essar has already paid seven instalments earlier amounting to a total of Rs6,500 crore. Photo: Bloomberg

New Delhi: The Supreme Court (SC) on Tuesday allowed Essar Oil Ltd to repay its last instalment of sales tax dues to the Gujarat government in six months’ time.

A bench headed by justice H.L. Dattu granted the extension to Essar Oil to repay 667 crore as the last instalment, lawyer Neha Nagpal for the company said. Lawyer Mahesh Agarwal, also for the company, had sought the extension before the court.

Essar has already paid seven instalments earlier amounting to a total of 6,500 crore. An interest of 10% had also been levied.

Unlock a world of Benefits! From insightful newsletters to real-time stock tracking, breaking news and a personalized newsfeed – it's all here, just a click away! Login Now!

Catch all the Industry News, Banking News and Updates on Live Mint. Download The Mint News App to get Daily Market Updates.
More Less
Published: 23 Sep 2014, 11:52 PM IST
Next Story footLogo
Recommended For You
Energy Stocks
₹1,824.250.53%
₹166.250.9%
₹516.82.34%
₹88.561.21%
₹330.651.6%
Switch to the Mint app for fast and personalized news - Get App