Castrol India wins INR 413bn tax dispute
Castrol India Limited announced that the Customs, Excise & Service Tax Appellate Tribunal ruled in its favor, rejecting appeals from the Maharashtra Sales Tax Department. This concludes a dispute over demand orders totaling INR 413 billion for 2007-08 to 2017-18.
The litigation concerned whether moving goods from Castrol's Maharashtra plants to agents in other states constituted inter-state sales. The company had not provisioned for the disputed amount, considering an economic outflow unlikely.
This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com
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