Dhanuka Agritech receives Entry Tax demand orders from Excise & Taxation Dept
Dhanuka Agritech Ltd · Fertilizers & Agrochemicals
What the filing says
- Seven demand orders for FY 2008-09 to FY 2014-15 from Excise & Taxation Department, Gurugram, ranging Rs. 5.64 Crore to Rs. 10.75 Crore each
- Violation alleged in relation to discharge of entry tax liability under Haryana Tax on Entry of Goods into Local Areas Act, 2008 for AY 2008-09 to 2014-15
- Company says demands are not maintainable, is evaluating options including a writ, and did not envisage any relevant impact on financials or operations
Why it's rated notable: Seven entry tax demands for FY 2008-09 to FY 2014-15, each between Rs. 5.64 Crore and Rs. 10.75 Crore and with no stated total, are an adverse regulatory order that the company disputes and expects no relevant financial impact from, so medium rather than high.
Figures checked against the filing by a second AI read, which corrected the first summary. About the business, not the share price.
Original filing
Announcement under Regulation 30 (LODR)-Award_of_Order_Receipt_of_Order
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Summary written by Arthneeti from the company's filing with the stock exchange; check the original filing for full details. Arthneeti is a research and analytics platform, not a SEBI-registered investment adviser, and nothing here is a recommendation to buy or sell.