Essar files petition against tax order

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Essar files petition against tax order

Essar Oil has filed a petition in the country's Supreme Court seeking to review a judgment that prevents the company from deferring payment of a sales tax, the company said in a statement on Thursday.

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Essar Oil has filed a petition in the country's Supreme Court seeking to review a judgment that prevents the company from deferring payment of a sales tax, the company said in a statement on Thursday.

In January the country's top court ruled against an earlier judgment by the Gujarat High Court that allowed Essar, 87% owned by London-listed Essar Energy, to defer payment of a sales tax, having hitherto benefited from deferrals of USD 1.24 billion.