Notice slapped on L&T for non-payment of Rs 160 cr excise duty

The infrastructure major is contesting the demand

The central excise department has slapped a notice on infrastructure major Larsen and Toubro (L&T) for alleged non-payment of excise duty of Rs 160 crore, a demand that the company said it is contesting.

"We have issued a notice to L&T," confirmed a source.

"The matter is under dispute and we are contesting the demand. All companies receive similar notice from time-to-time and we are suitably responding to the department," L&T spokesperson told PTI.

Sources said that allegedly parts of heavy earth moving vehicles were imported by L&T through M/s Komatsu India Pvt Ltd and the duty has been charged in lieu of it.

 

L&T allegedly cleared the goods without payment of duty and registration under central excise, they said, adding that it cleared a substantial quantity of these parts and removed them from the factory without payment of duty.