Odisha govt welcomes SC verdict on entry tax

Image
Press Trust of India Bhubaneswar
Last Updated : Nov 12 2016 | 4:22 PM IST
Welcoming the Supreme Court judgement on the case to levy Entry Tax by states, the Odisha government today said it would earn Rs 1,500 crore from different companies.
"In pursuance to interim orders of the Supreme Court of India and High Court of Orissa, some dealers have paid 50 per cent of Entry Tax due on imported scheduled goods and some dealers have paid one third of Entry Tax due on scheduled goods brought/procured from outside the State which are not manufactured here," state Finance Minister Pradip Kumar Amat said.
He said it was expected that the dealers would pay the balance pending Entry Tax about Rs 1,500 crore and interest there on after Division Benches vacated the stay.

Disclaimer: No Business Standard Journalist was involved in creation of this content

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Nov 12 2016 | 4:22 PM IST

Next Story