The Case for valuation of Domestic Tariff Area (DTA) sales pending before the Supreme Court has been decided in IG Petrochemicals' favour. This absolves the Company of the contingent liabilities related to Excise and Customs duties to the extent of Rs 128.75 crore pending before the Supreme Court, disputes in appeals and show cause notices received from the concerned departments.
IG Petrochemicals is a dominant player in the domestic Phthalic Anhydride (PAN) industry. IGPL has its manufacturing facilities located at Taloja, Maharashtra.