SC reserves verdict on Essar's power duty exemption plea
Essar has been seeking electricity duty exemption for its power plant set up at Hazira but the Gujarat government had rejected its demand, as it sold power to other entities.
3 April 2017 5:49 PM GMT
The Supreme Court on Monday reserved its verdict on a plea of Essar Steel and Essar Power challenging the Gujarat High Court order holding the company liable to pay Rs 1038.27 crore towards electricity duty to the state government.
Essar has been seeking electricity duty exemption for its power plant set up at Hazira but the Gujarat government had rejected its demand, as it sold power to other entities.
The state government had earlier said that electricity duty exemption was only for captive power plants and Essar had not sought prior permission to set up the plant to meet the purpose of selling electricity.
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