Skip to main content

MoneyWorks4Me

BASF India receives demand notices from Commercial Tax Department of Karnataka

04 Mar 2020 Evaluate

BASF India has received demand notices from the Commercial Tax Department, Karnataka aggregating to Rs 211.25 crore for the period 2010-13 by treating the stock transfers of its Mangalore Plant as interstate sales to dealers. The company has also received a notice for Rs 46.39 crore (including interest & penalty) for the period 2015-16 from Commercial Tax Department, Karnataka.

The company is in the process of filing its detailed reply/submission/appeals in response to these Notices.

BASF India is a chemical manufacturing company. It operates in the business segments of agricultural solutions, performance products, plastics businesses and chemicals. The agricultural solutions include insecticides, herbicides, fungicides and specialties.

Peers
Company Name CMP
Godrej Industries 955.10
SRF 2404.25
BASF India 3182.80
Pidilite Inds. 1508.05
Tata Chemicals 610.45
View more..