Mohit Industries receives VAT refund

Of Rs 8.5 crore

Mohit Industries announced that the Company has received Rs. 8.5 crore as VAT refund, in reference to case for Gujarat Vat demand before Gujarat Value Added Tax Tribunal that has been decided in the Company's favour vide Gujarat value Added Tax Tribunal order dated 13 August 2015. The Hon'ble Gujarat high Court vide its order dated 09 January 2017 ordered and directed to the VAT Department, Gujarat State for refund / pay input tax credit due to the company.

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