Brief: Kamdhenu Opts To Settle Pending Excise, Service Tax Matters Through Sabka Vishwas Scheme

Kamdhenu

09/01/2020 10:33

Jan 9 (Reuters) - Kamdhenu Ltd  KAMI.NS :
    * OPTED SABKA VISHWAS SCHEME ISSUED BY CBIC, MINISTRY ISSUED
BY
CBIC, MINISTRY OF FINANCE
    * COMPANY HAS VERY OLD PENDING EXCISE & SERVICE TAX MATTERS
PERTAINING TO PERIOD FROM 2004 TO 2012
    * SAYS  COMPANY IS IN THE PROCESS OF COMPLETING THE PAYMENT
OF
ABOUT 245 MILLION RUPEES
    * PENDING TAX TOTALING TO 490 MLON RUPEES
    * ALL TAX DISPUTES PENDING AS ON JUNE 30, 2019 WHEREIN TAX
AMOUNT
IS EXCEEDING 5 MILLION RUPEES MAY BE SETTLED BY MAKING 50%
PAYMENT
    * IN ORDER TO CLEAR OLD DISPUTES AND LITIGATION, COMPANY HAS
DECIDED TO SETTLE ALL THESE PENDING MATTERS BY OPTING FOR SCHEME

Source text for Eikon:  ID:nBSE9bB1Lg 
Further company coverage:  KAMI.NS 

 ((Reuters.Briefs@thomsonreuters.com;))