India, Feb. 24 -- Downstream oil marketing major Bharat Petroleum Corporation Limited (BPCL) has received a tax demand order amounting to Rs 1,816.65 crore from the Commissioner of Central Tax and Central Excise, Kochi, the state-run company disclosed in a regulatory filing on Monday.
According to the filing with BSE Limited, the demand comprises Rs 476.94 crore towards excise duty, Rs 1,339.70 crore in applicable interest, and a penalty of Rs 95,000.
BPCL stated that it will examine the order in detail and intends to file an appeal before the Customs, Excise and Service Tax Appellate Tribunal (CESTAT).
The litigation relates to 19 Show Cause Notices (SCNs) issued under the Central Excise law for the period between September 2004 and M...
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