Welspun Corp Limited - Updates
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| 09 Dec 2014 | |
| Welspun Corp Ltd has informed BSE that:<BR><BR>"Supreme Court of India has dismissed an appeal filed by the Commissioner of Customs, Kandla against the CESTAT Order dated May 22, 2014 which had set aside the Order of the Commissioner of Customs, Kandla for duty evasion of Rs. 8,609.82 million on account of alleged wrong classification of imported raw materials along with penalty of Rs. 8,609.82 million on the Company and a penalty of Rs. 205 million on the directors and officers of the Company. However, on the same matter a separate proceeding filed by DGFT, Vadodara before Hon'ble High Court of Ahmedabad is still pending. These are appearing as "Contingent liabilities not provided for" in the financials of the Company." | |
| View all announcements for Welspun Corp Limited | Source: BSE India |
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