Essar Oil Ltd has announced that on April 24, 2008 the Company has received a judgment passed by a Division Bench of the Hon’ble High Court of Gujarat at Ahmedabad, restoring eligibility of the Company to avail Sales Tax / Value Added Tax deferment benefits to the extent of 125% of eligible capital investment in the Company’s Refinery Project at Vadinar, District Jamnagar, under the New Capital Incentive Policy — Capital Investment Incentive to Premier / Prestigious Unit, Scheme 1995-2000.The High Court has directed the Government of Gujarat to grant the above benefits and issue Final Eligibility Certificate within one month subject to certain concessions from the Company.The stock was trading at Rs.288, up by Rs.9.20 or 3.30%. The stock hit an intraday high of Rs.300 and low of Rs.285.30.The total traded quantity was 2464655 compared to 2 week average of 4971147.
Source: Equity Bulls
Posted On: 4/24/2008 10:53:47 PM
www.equitybulls.com
About Me
- Kamal Kumar Pandey (Adv. Supreme Court of India)
- Lawyer Practising at Supreme Court of India. Court Experience: Criminal, Civil & PIL (related to Property, Tax, Custom & Duties, MVAC, insurance, I.P.R., Copyrights & Trademarks, Partnerships, Labour Disputes, etc.) Socio-Legal: Child Rights, Mid Day Meal Programme, Sarva Shiksha Abhiyaan, Women Rights, Against Female Foeticide, P.R.Is, Bonded Labour, Child labour, Child marriage, Domestic violence, Legal Literacy, HIV/AIDS, etc. Worked for Legal Aid/Advise/Awareness/Training/Empowerment/Interventions/Training & Sensitisation.
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