Rs 1.51-Crore Tax Relief For Tiljala Unit

The deferral falls under the West Bengal sales tax authorities sales tax incentive scheme. The relief of Rs 1.51 crore will augment the working capital needs of the company, which earlier in August this year managed to come out of the BIFR dragnet said Calcutta Chemicals chairperson Asima Chatterjee at the companys 75th AGM here yesterday.

Deregistration from the BIFR had been possible due to Shaw Wallaces writing off loans worth Rs 8.36 crore.