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Golden Tobacco intimates of levy of penalty of Rs 29 crore

Capital Market 

By Directorate General of Central Excise Intelligence (Adjudication) New Delhi

announced that the Directorate General of Central Excise Intelligence (Adjudication) New Delhi, in the matter of KCL, Kanpur imposed a penalty of Rs 29 crores to the Company. As per legal opinion penalty is wrongly imposed to the Company. However, the Company is in the process of taking legal action in this regard.

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

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Golden Tobacco intimates of levy of penalty of Rs 29 crore

By Directorate General of Central Excise Intelligence (Adjudication) New Delhi

By Directorate General of Central Excise Intelligence (Adjudication) New Delhi

announced that the Directorate General of Central Excise Intelligence (Adjudication) New Delhi, in the matter of KCL, Kanpur imposed a penalty of Rs 29 crores to the Company. As per legal opinion penalty is wrongly imposed to the Company. However, the Company is in the process of taking legal action in this regard.

Powered by Capital Market - Live News

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

image
Business Standard
177 22

Golden Tobacco intimates of levy of penalty of Rs 29 crore

By Directorate General of Central Excise Intelligence (Adjudication) New Delhi

announced that the Directorate General of Central Excise Intelligence (Adjudication) New Delhi, in the matter of KCL, Kanpur imposed a penalty of Rs 29 crores to the Company. As per legal opinion penalty is wrongly imposed to the Company. However, the Company is in the process of taking legal action in this regard.

Powered by Capital Market - Live News

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

image
Business Standard
177 22