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
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!