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Paradeep Phosphates received an adjudication order from the Customs Department imposing total fines and penalties of ₹93.59 crore, which the company intends to challenge legally.
Supreme Court dismissed the Department of Fertilizers' appeal, upholding the High Court order for the release of ₹53.50 Crore in subsidy to Paradeep Phosphates.
Paradeep Phosphates received a rectification order quashing a ₹20.61 Crore tax demand for AY 2020-21. The authority also granted a ₹20.57 Crore refund to the company.
Paradeep Phosphates' appeal for a ₹76 Crore entry tax exemption was dismissed by NCLAT. The company plans to appeal this order before the Supreme Court.