Essar Oil seeks review of SC decision on tax order

Essar Oil Ltd Thursday said it had filed a review petition in the Supreme Court seeking a review of the decision to set aside a Gujarat High Court judgement permitting the company to avail of a sales tax deferral benefit from the Gujarat government.

“It has filed a petition in the Supreme Court seeking a review of the apex court’s decision relating to repayment of deferred sales tax,” the company said in a regulatory filing.

On Jan 17, the Supreme Court had set aside a Gujarat High Court judgment permitting Essar Oil to avail of a sales tax deferral benefit from the Gujarat Government.

The Gujarat High Court in an earlier order had extended time to Essar Oil for commencing commercial production at the Vadinar Refinery, thus making the company eligible to avail of Gujarat state’s capital investment incentive to premier unit scheme, 1995-2000.