Tax & Penalty26 Sept 2026, 02:31 pm
Godavari Biorefineries Receives ₹12.88 Cr Demand Notice
AI Summary
Godavari Biorefineries Ltd has received a Demand Notice from the Assistant Executive Engineer (E) O & M Sub Division, HESCOM, Mahalingpur, Karnataka. The notice pertains to cross-subsidy charges for open access power imported between 2013 and 2016. The total demand is ₹12,88,27,935, comprising a principal amount of ₹5,90,95,383 and interest of ₹6,97,32,552. The company has recognized the principal amount as a contingent liability and is assessing the further impact and will take appropriate actions.
Key Highlights
- Received demand notice for cross-subsidy charges.
- Total demand amounts to ₹12.88 Crores.
- Principal amount of ₹5.91 Crores treated as contingent liability.
- Company is assessing further impact and will take action.
Price Impact
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