New Delhi, Feb 23 (IANS) Downstream oil marketing company Bharat Petroleum Corporation Ltd (BPCL) has received an order from the Commissioner of Central Tax and Central Excise, Kochi, for a total demand of Rs 1,816.65 crore, the government-owned company said in an exchange filing on Monday.The total sum comprises an excise duty demand to the tune of Rs 476.94 crore in addition to the applicable interest of Rs 1,339.70 crore and a penalty of Rs 95,000, it said in a filing with the BSE.The BPCL sa…
Latest Central Excise Department News & Updates
Ahmedabad, Jan 31 (IANS) A special Central Bureau of Investigation (CBI) court in Ahmedabad sentenced three private individuals to three years’ imprisonment each for fraudulently availing excise duty rebate amounting to more than Rs 1.18 crore, an official statement said on Saturday.The court convicted Samir Fateh Mohammad Immamudin, who remains absconding, Tejas Desai, and Amit Gupta, and imposed a fine of Rs 50,000 on each of them on Friday.According to CBI, convictions relate to the submiss…