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IG Petrochemicals gets favorable verdict in Domestic Tariff Area case

21 Apr 2015 Evaluate

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.

Peers
Company Name CMP
Godrej Industries 1021.20
SRF 2490.00
BASF India 3411.40
Pidilite Inds. 1470.00
Tata Chemicals 607.90
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