Legal16 Sept 2026, 04:50 pm
Virat Crane Industries ordered to pay ₹85.12 Lakhs in Cess case
AI Summary
Virat Crane Industries Ltd has received a final verdict from the Supreme Court in a long-pending case concerning the levy of Cess by the Agricultural Marketing Department of the Government of Andhra Pradesh. The company has been ordered to pay ₹85.12 Lakhs, representing market fees for the period between July 5, 2004, and May 1, 2009. This legal outcome is expected to have a quantifiable financial impact on the company.
Key Highlights
- Supreme Court delivers verdict in long-pending Cess case.
- Company ordered to pay ₹85.12 Lakhs in market fees.
- Payment relates to Cess levied by Andhra Pradesh Agricultural Marketing Dept.
- Case pertains to period from July 2004 to May 2009.
Price Impact
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