“The company will file a reply to the Show Cause Notice before the Adjudicating Authority,” Maruti Suzuki said.
The automaker also said that the notice does not have an impact on financial, operation or other activities of the company.
It also informed the exchanges of a favourable order the company received from the High Court of Punjab and Haryana pertaining to the Central Excise Department’s where the total tax and penalty amount involved in the appeal was Rs 57.2 crore.
The department had filed appeals for the period June, 2006 to March, 2011 with regards to Input Service Credit on certain services, which now stand dismissed.
“The Central Excise Department had filed appeals before the Hon’ble High Court of Punjab and Haryana against an earlier Tribunal order of August 2016 which was passed in favour of the company whereby Input Service Credit on certain services was allowed to the Company and penalty was also dropped against the company,” Maruti Suzuki said. It also informed that there is no impact on financial, operation or other activities of the company due to the said order.
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