Legal6 Dec 2024, 08:32 pm
Larsen & Toubro Ltd. Wins Favorable Tribunal Order Against Customs Duty Exemption Demand of Rs. 702 Crore
AI Summary
Larsen & Toubro Ltd. has received a favorable order from the Central Excise & Service Tax Appellate Tribunal, Ahmedabad, setting aside a Customs demand of Rs. 702 crore. The demand was in respect of denial of Customs duty exemption, against which the company had filed an appeal. This order is a significant development for the company, and it is requested to take it on record.
Key Highlights
- Larsen & Toubro Ltd. wins a favorable order from the Central Excise & Service Tax Appellate Tribunal, Ahmedabad
- The order sets aside a Customs demand of Rs. 702 crore in respect of denial of Customs duty exemption
- The company had filed an appeal with the Tribunal against the order passed by the Principal Commissioner of Customs, Ahmedabad
- This development is a significant positive for the company
- The document is classified as 'LNT Internal Use'