• HOME
  • ABOUT US
  • SUBSCRIBE
  • ADVERTISE
  • FEEDBACK
  • E-NEWSLETTER
  • CONTACT US
91-22-24193000
Subscriber@ASAPPinfoGlobal.com
Infrastructre Today
Advertise Here [728px W x 90px H pixels]
  • BEST STORIES
  • INTERVIEWS
  • SPECIAL
  • POLICY UPDATES
  • EVENTS
  • FINDEX
  • ARCHIVES
  • Covid-19 Updates
Infrastructure Today Magazine | IOC may take Odisha to court over Paradip refinery tax sops

IOC may take Odisha to court over Paradip refinery tax sops

Web Exclusive  /  Mar 07, 2017

Indian Oil Corp (IOC) may drag the Odisha government to court for reneging on its promise to give tax concessions to its Rs 34,555 crore Paradip refinery in the state.

Less than two months after serving the first show-cause notice, the Odisha government on 22nd February wrote to its single-biggest investor saying it is withdrawing the promised 11-year deferment on payment of sales tax on Paradip refinery products sold in the state.

"We are trying to explain to them that we came to Odisha only based on their commitment to give certain tax incentives. Now, they cannot go back on them. If we don't succeed the only option left for such will be to take it up legally," a top company official said.

Tags Cloud
  • Indian Oil Corp
  • Odisha Government
  • Paradip Refinery
Advertise Here [468 W x 60 H pixels]
YOU MIGHT ALSO LIKE

Comments (0)

Leave a comment

Name *
E-mail *
Message *
Verification Code *
  Change Image

Loading ...
Subscribe to our Magazine | Newsletter
Social
Become a fan
Like
Follow us
Follow
RSS
Subscribers
Most commented
1Our contribution to IRE has doubled in 2 years
1'Lenders' concern - risky execution in highway concessions
1About 1.3 per cent of land in India gets converted into wasteland every year
Latest Comments
1
Three Lines Shipping says:
Agree. Developing a domestic transshipment port is a good idea if we talk about seaports, there are several countries and commercial centers around the world that don’t have a seaport and these countries have to use the seaports of other countries in order to import or export their cargo, which will give a competitive advantage.
2
kishore tamidela says:
Adhering to international best business practices with niche boutique firms could open doors to easily tap financing from institutional investors both debt and equity.
Advertise Here [300px W x 600px H pixels]

Posts Categories

  • BEST STORIES
  • INTERVIEWS
  • SPECIAL
  • POLICY UPDATES
  • SECTORS
  • EVENTS
  • FINDEX
  • ARCHIVES

Twitter Feeds

Tweets by @InfraToday

Contact Us

ASAPP Info Global Services Pvt Ltd.

A-303, Navbharat Estates,
Zakaria Bunder Road,
Sewri (West),
Mumbai - 400 015,
Maharashtra, India


Tel : 91-22-24193000, Fax : 91-22-24175734
Email : Subscriber@ASAPPinfoGlobal.com
Website: www.ASAPPInfoGlobal.com
  • HOME
  • ABOUT US
  • SUBSCRIBE
  • ADVERTISE
  • FEEDBACK
  • E-NEWSLETTER
  • PARTNERS
  • PRESS
  • CONTACT US

© COPYRIGHT 2019 ASAPP Info Global Services Pvt Ltd. All Right Reserved.

Infrastructure Today

India's Premier Magazine for Nation Builders