Tax & Penalty11 Sept 2026, 08:50 pm
BPCL receives ₹38.35 Lakh Stamp Duty & Penalty Orders from Gujarat
AI Summary
Bharat Petroleum Corporation Ltd (BPCL) has received two orders from the Collector & Additional Superintendent of Stamps, Gujarat, demanding a total of ₹18,56,181 in stamp duty and ₹18,93,305 in penalty related to the amalgamation of Bharat Oman Refineries Limited. A second order demands ₹1,25,534 in stamp duty and ₹7,37,681 in penalty for land allotment and awards dating back to 2001-2010. The company's objections were rejected, and it plans to appeal these orders. BPCL states there is no material impact on its financial or operational activities.
Key Highlights
- BPCL received two orders from Gujarat Stamps Authority.
- Total stamp duty and penalty amount to over ₹47 Lakhs.
- Orders relate to amalgamation and land awards.
- Company plans to appeal the orders.
- No material financial or operational impact stated.
Price Impact
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